June 15, 2003

BusinessPundit is reading Final Accounting: Ambition, Greed, and the Fall of Arthur Anderson. Quotable:

The book goes from a story about Anderson himself standing up to a railroad giant over a depreciation issue (they fired Anderson over it, but he was right), to stories from the late 90s about internal bickering, client overbilling, and large errors being labeled immaterial. I don't know how anyone with a conscience could have worked in such a place. I guess to me, capitalism is like a religion. I want to get ahead by having the best idea, being the most efficient, and producing the highest quality product or service. Lying, cheating, overbilling, and manipulating the system is fraud, not capitalism ..

Count me a member of the same church.

Posted by Greg Ransom