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.
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.