Word: berardino
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...Arthur Andersen just get its call from the governor? Former CEO Joseph Berardino resigned last month convinced that the Justice Department's decision to indict the firm had been its death warrant; former Fed chief Paul Volcker, appointed earlier this year to oversee a restructuring effort, thought so as well. And the I-word has sparked a stampede of clients and overseas partners...
...wins Worst Actress at the Raspberrys. She announces her award "gives every nameless, faceless woman the chance to totally fail" MOHAMMED ZAHIR SHAH Afghan King has trip delayed a month, citing bad security. Right, because Afghanistan is just a few weeks from being as safe as Club Med JOSEPH BERARDINO Andersen CEO resigns, saying he wants to help employees. He'll be available between the hours of 9 and 5 to clean out anyone's desk...
...Noted "At the end of the day, we do not cause companies to fail." JOSEPH BERARDINO, chairman of Arthur Andersen, at congressional hearings, defending his firm's role in the Enron collapse...
...scandal: There's Lay, who resigned from Enron's board Monday night and decided not to show up before two Congressional committees Monday. Former CFO Andrew Fastow and aide Michael Kopper are expected to show up just long enough to take the Fifth. Arthur Andersen CEO Joseph Berardino is due today to talk about how much he didn't know. And so just as the cluster of Enron probes took a sharp turn over the weekend toward sending people "to the pokey," as Rep. Billy Tauzin put it Sunday, lawmakers are finding themselves either with no guests...
...work for Enron, it was merely trying to serve a secretive and aggressive client who was pushing the envelope on accounting rules that aren't very clear anyway. Last week, two days after TIME reported that Andersen ordered the destruction of documents in October, the company sent CEO Joe Berardino out in public to strike a contrite tone. Andersen placed three auditors in its Houston office on leave and took out full-page ads in the newspapers promising to "deal with these issues, candidly and directly... Without question, this is the most difficult and challenging episode in our firm...