Monday, March 11, 2002

Andersen in Death Spiral... So it's Monday! The beginning of the week. Of course if you're Arthur Andersen it just means more bad news...and a last gasp to get something out of all this. In the past two weeks they have lost client after client. The latest are FedEx (28 year client) and Riggs National. Add this to Merck (30 yrs, largest account), Freddy Mac, and Delta (53 years!!!!!). With this rush to the lifeboats, can Andersen hope to live?? So if you're at Andersen and you need to get your money out before the house falls to pieces...what do you do....merge or sell off your assets to another company. So they are in talks with with Deloitte Touche Tohmatsu (parents of Deloitte & Touche). Sounds like snake-oil to me...you want to bet that the Bush Administration lets them get away with a slap on the hand...and the money just moves somewhere else. The joy of being in business!!!...mj 7:18:55 PM

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