The Sinking of a Giant - Andersen Goes Under
2002 Year-in Review
In January 2002, Senator Joseph Lieberman appeared on CBS' Face The Nation talking about the revelations that Arthur Andersen destroyed documents in the Enron investigation. Lieberman prophetically declared that, "this Enron episode may end this company's history." Even the brilliance of hiring Paul Volcker to reform the firm didn't help Andersen. Within two months Andersen was indicted on criminal charges. Three months later the firm was found guilty, and two months after that formally surrendered it's license to practice auditing. As clients, partners and staff bailed out throughout the year, the 89-year-old giant of the accounting profession was painfully put to rest.
01/29/02 Andersen Named in Class Action Suit
06/17/02 Andersen Found Guilty
A complete digest of all Anderson/Enron related stories is available.
A list of Andersen client defections is also available.