Enron
Enron, not Sept. 11, will change everything
It was a shocking event. With incredible speed, our perception of the world and of ourselves changed. It seemed that before we had lived in a kind of blind innocence, with no sense of the real dangers that lurked. Now we had experienced a rude awakening, which changed everything.
No, I'm not talking about Sept. 11; I'm talking about the Enron scandal. [read more]
ATONING FOR MISTAKES, ANDERSEN FINALLY DOES RIGHT THING, CHANGES COMPANY NAME
In a strong sign that Arthur Andersen finally understands the extent of the trouble it has caused and is willing to do something about it, company executives today announced the firm has changed its name.
Executives of the new firm, Probitium, revealed the change prior to testimony before the U.S. House Energy subcommittee investigating the Enron collapse. Committee members, however, quickly became incensed when Probitium CEO Joseph Berardino, who until the previous day had held the same position at Andersen, refused to discuss Andersen's involvement.
"Arthur Andersen may have acted improperly, but it would be inappropriate for me to comment on the behavior of another company," he said. "Perhaps you should talk to them."
"We are talking to them," said an angry Rep. Jim Greenwood, R-Pa. "They're you!"
"No no, not at all," Berardino explained. "We're Probitium. The Power of Probity3."TM [read more] |