|Front Page | In-depth | Business | The Enron affair|
| December 2001: Bankrupt|
Kenneth Lay's empire falls, leaving investors and employees stranded
12 - 18 December:
On 12 December, Joseph Berardino, Andersen's chief executive, went before the US House of Representatives Committee on Financial Services to defend his company's auditing of Enron.
Andersen would concede that it made one wrong decision relating to a special partnership - but it insisted that it was not party to fraud.
He also defended Andersen's fees of $52m and wider relationship with Enron, saying that the audit team had had a massive task to deal with, not least in looking at $100bn of sales in one year alone.
Six days later, Enron employees who had to all appearances lost everything, went before Congress to detail how they felt betrayed.
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