Questions raised over another Davis gift (Accenture)

SF Chronicle ^ | 5/9/02 | Greg Lucas

[randita]

It's raining..it's pouring...

[eureka!]

My you're on a roll. Thanks for the posts.

[eureka!]

Re: Accenture...

[mewzilla]

Gee, I guess the shine is off the apple...(evil grin)

[Grampa Dave]

Accenture = Arthur Andersen = Big Money to Rats = Bribes to get business that wasn't necessary to us as taxpayers.

[Grampa Dave]

The shine is starting to be revealed as something else. A four letter word beginning with the same two letters that shine begins with.

[vrwinger]

Accenture is a sub of Arthur Andersen, the media's favorite "whipping boy" of late... Wonder why no mention??

[randita]

Accenture broke off from AA about 10 years ago so there's no connection. to be made.

[randita]

See post #9.

[eureka!]

Re: your "racket" comments on the Lockyer thread. Lookie here: $50,000 donation = $453,000,000 contract. Not a bad return. Oh yeah, it's our money....

[Grampa Dave]

It was only a couple of years ago. The corporate culture of AA went with Accenture!

[Grampa Dave]

You are correct, they split off in 1989. It was at the end of 2000, that they made the Name Change.

Old corporate cultures don't go away. I know of a firm that bought another firm and sent most of its people packing. Part of the package was a job protection clause for about 75 people with the old company.

The 75 is down to about 50 after 7 years. Those 50 are nothing but trouble to the other employees and customers of the current company. They are in middle and semi upper management in the current company. They work like a vicious machine to protect themselves, undercut those who weren't with them in their old company, and cause a tremendous amount of the HR problems and customer complaints for the acquiring company.

[Ernest_at_the_Beach]

I would bet there is more yet to be uncovered!

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[NormsRevenge]

Boy Oh Boy ... . At this rate, GraYouT may have to resign before November :-)

Keep diggin' newshounds

DUMP DAVIS

[vrwinger]

I stand corrected... Per Accunture's web site (emphasis mine):

NEW YORK, Jan. 22, 2002 – In response to inquiries resulting from recent media coverage regarding the Andersen/Enron matter, Accenture (NYSE: ACN) today made the following statement:

Some of the news coverage of the current situation facing Arthur Andersen and Enron contains misconceptions and inaccuracies about the historical relationship between Accenture and Arthur Andersen.

Accenture is not and never has been engaged in the practice of public accounting. Accenture had no involvement in Arthur Andersen's audit services, including audit services to Enron.

Accenture LLP and Arthur Andersen LLP have been separate legal entities and have operated independently since 1989.

In 1990, the United States Securities and Exchange Commission formally recognized Accenture LLP as an entity separate and distinct from Arthur Andersen LLP.

In August 2000, based on an arbitrator's decision in the International Chamber of Commerce proceedings commenced by Accenture in 1997, all remaining historical contractual ties between Arthur Andersen and Accenture were completely severed.

[Dog]

Ernest we were looking at this ....when we all researched Global Crossing and Enron..

[heleny]

Thanks for posting these articles. I wonder if Davis will claim that he didn't know about the Accenture deal, too.

[Grampa Dave]

I ONLY GOT THIS MUCH FROM ACCENTURE!

[Gophack]

The house of cards is tumbling ... but don't expect these companies to sit idly by. They think that Davis is the best for them because they know what makes him tick ... money. We need to fight hard, and not let the public forget that Gray Davis is a political whore who will sign or veto ANYTHING for campaign cash. He should be in prison, not in the corner office.

Dump Davis.