Word: enronization
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...Andersen, the Enron scandal may only get worse. A senior Administration official told TIME last week that an indictment of the Big Five accounting firm or some of its executives could be imminent. An adviser to the company, meanwhile, acknowledged that it was on the brink of serious financial trouble and suggested that an indictment might force it to seek protection under bankruptcy laws. This is vehemently denied by Andersen spokesman Charlie Leonard. "You can't [declare bankruptcy] if you're solvent," he says. "Andersen is solvent...
...effort to reassure clients, Andersen's partners fired the lead auditor on the Enron account, David Duncan, in January and admitted to Congress later in the month that potentially incriminating documents had been shredded. But suspicion that Andersen was not exactly forthright about the level of involvement of several executives was stoked by the revelation that Nancy Temple, a lawyer with the company, sent a memo reminding employees of Andersen's document-retention policies on Oct. 12. The memo, observers suspect, was a tacit order to start the shredding...
Onstage he's as manic as ever, sweating by the pint as his body bounds around, trying to keep up with the rapid-fire humor synapses of his brain. His jokes run from nonsensical (wet-burka competitions and "Enron Hubbard, head of the Church of Profitology") to predictable ("We used to pay for powder in little white envelopes"). Comedians who play closer to the edge, like Chris Rock or Andy Dick, make his style seem quaint. But Robin Williams' improv is still an amazing high-wire act. "It's a risk if it doesn't work," he told TIME last...
...hears plenty in Chicago. He gets a standing ovation as he walks onstage. When people stop applauding, he thanks them for coming out in Iditarod weather, makes a few cracks about Enron and Arthur Andersen (the latter has its headquarters in Chicago), and the audience is his. He segues into the Olympic luge competition--"invented by a drunken German gynecologist; you steer with Kegels"--and then it is on to anthrax and botox, and then he jumps straight into Sept. 11. He gets cheers for a bit on a flight attendant telling passengers that in the event of a hijacking...
...Plan for the Enron Guys...