Posted on 06/02/2005 7:25:15 AM PDT by thebiggestdog
On Wednesday, the Supreme Court tossed the conviction of the Arthur Andersen accounting firm, saying that the judges instructions to the jury were not defined well enough. Unfortunately, there isn't anyone at Arthur Andersen to celebrate the victory. Almost all of the accounting firms employees lost their jobs following Andersen's demise over the shredfest at Enron.
Chief Justice William H. Rehnquist wrote "The jury instructions at issue simply failed to convey the requisite consciousness of wrongdoing, It is striking how little culpability the instructions required."
(Excerpt) Read more at hotchicken.com ...
Anderson helped Enron cook the books. They destroyed their own credibility which is the only thing that an accounting firm has to sell.
How many from Anderson helped cook the books? Don't paint everyone in the company for the fault of a few.
I'm sure only an handfull, but in that business, a handfull is more than enough to kill a company.
BTW. I wasn't painting with a broad brush. I simply stated a fact. Anderson was dead even if the Feds didn't take them to court.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.