Ben Gilbert: evaluation

Transcript context

…The Houston office of Arthur Andersen, they go on for weeks. The volume of evidence destroyed here, tens of thousands of emails deleted, that's the easy to get your mind around, the amount of physical documents that they shred, they cannot physically shred the paper fast enough. They are shredding one ton of paper every single day. That's the maximum capacity. This goes on for weeks. Dozens of tons of paper that they shred documents related to Enron. My God. If they weren't guilty before, they sure look guilty of something bad now. You might know more than I do here, but I think Arthur Andersen went under not because they were found guilty of anything, but because when this all started playing out and they went in the news as being Enron's auditors for all this document destruction, for being really sloppy, they were complicit and sloppy, Enron needed to do a handful of restatements that were just straight up Arthur Anderson's fault. I think their customers all just left, so Arthur Andersen basically ran out of business. It's somewhere in between. Anderson itself, I don't believe, ever faces certainly no criminal actions for its direct role within Enron, but they do face criminal action from the Department of Justice and the SEC over destroying of documents. As a result of that, the SEC in the middle of 2002 revokes Andersen's CPA license.…

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