Word: arthuritis
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Just four days before Enron disclosed a stunning $618 million loss for the third quarter-its first public disclosure of its financial woes-workers who audited the company's books for Arthur Andersen, the big accounting firm, received an extraordinary instruction from one of the company's lawyers. Congressional investigators tell Time that the Oct. 12 memo directed workers to destroy all audit material, except for the most basic "work papers." And that's what they did, over a period of several weeks. As a result, FBI investigators, congressional probers and workers suing the company for lost retirement savings will...
...staff from the probe, just as designated attack Democrat Henry Waxman was dashing off a letter reminding Ashcroft that he'd received $25,000 from Enronites for a Senate re-election campaign. The exodus may not stop there; Bush SEC chairman Harvey Pitt once did some work for Arthur Andersen, the blind (and document-shredding) accounting watchdog in the drama, and could be next to eagerly recuse himself from ever having to give a press conference on his agency's investigation, either...
Previous Jefferson lecturers have been Arthur Miller, James McPherson, Caroline Walker Bynum, Bernard Bailyn, Stephen Toulmin, Toni Morrison, Vincent Scully, Gwendolyn Brooks, Bernard Knox, Walker Percy, Cleanth Brooks, Sydney Hook, Barbara Tuchman, Saul Bellow, John Hope Franklin, Robert Penn Warren, Erik Erikson, and Lionel Trilling...
...Berlin could also battle for what he thought he was due. "It took longer to write one of his contracts than a whole script," producer Arthur Freed recalled, adding that, afterward, he'd "give you anything you wanted." Avid to see his name above the title, he demanded and got possessive credit on many of his films: "Irving Berlin's 'On the Avenue,'" "Irving Berlin's 'White Christmas,'" Irving Berlin's 'Blue Skies,'" "Irving Berlin's 'There's No Business Like Show Business'" and the grammatically confounding "Irving Berlin's 'Alexander's Ragtime Band.?" Even in the service, he needed...
...more going to do the economy? So herewith, 10 resolutions for the new economic year - made on behalf of the people who can actually carry them out. 1. SEC Chairman Harvey Pitt resolves to take the proper lesson from the Enron mess and commission his predecessor, the eternally vigilant Arthur Levitt, to go to work on the rules and strictures of corporate accounting until someone besides corporate accountants can understand them. Don't stop until the field is no longer the wool over investors' (and analysts') eyes that it is today...