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Letters from alumni about Enron
and Andersen
What follows is a letter sent
to numerous people and organizations, including President Tilghman and
PAW.
March 23, 2002
As time is of the essence, I write directly to you and copy a select group
of Princetonians, HBS faculty & friends to bring a national tragedy
to your attention and to solicit your help.
Specifically I ask, that after you review the correspondence which follows
this note, you help me find a means to share Andersen's side of the story
with the greater Princeton University and Harvard Business School communities:
alumni, students, faculty, and others, as you deem appropriate.
At stake, given the Department of Justice decision to criminally indict
Arthur Andersen LLP - a firm where I work as a partner, is not only the
future of the firm itself, the destruction of its reputation and the unwarranted
dislocation/job loss and resultant hardship for our 28,000 innocent American
employees and our more than 87,000 workers worldwide; but from a macro
perspective, the impact of this capricious action by the DOJ on the U.S.
economic system, the capital markets, and on the accounting industry.
Shirley, helping preserve our country's values of fairness and due-process,
and the very concept of "innocent until found guilty" would
seem to me to be part of Princeton University's mandate as encompassed
by its watchwords "Princeton in the nation's service".
I respectfully ask you to add your voice and the voice of your great institution
to our grassroots effort which is gaining national momentum. Please help
us draw attention to this travesty of justice and help us work to ensure
this type of thing never happens in our great country again. Help us give
back dignity to our people at Andersen as they begin to reconstruct their
lives. Help us restore some of the reputation which Arthur Andersen rightfully
deserves.
Jack K. Gelman ’67
Harvard Business School - MBA ’75
Westport, Conn.
Gelman67@starband.net
Respond to this letter
Send a letter to PAW
Pick ’em: Terrorists vs. Enron Top Brass
By Rich Herschlag '84
|
Terrorists |
Enron Top Brass |
|
Destroyed thousands of lives |
Destroyed thousand of lives |
|
Will cost the US over 100 billion |
Will cost the US over 100 billion |
|
Hijacked planes |
Hijacked seventh largest US corporation |
|
September 11 |
Chapter 11 |
|
Hide in caves |
Hide in Vermont, Houston, and Boca Raton |
|
Long beards |
Short memories |
|
Harbored by Taliban |
Harbored by Arthur Andersen |
|
Recruited John Walker Lindh |
Recruited George Walker Bush |
|
Suicide bombers |
One suicide and counting |
|
Interrogated by CIA |
Interrogated by Katie Couric |
|
Oil money |
Oil money |
|
Trained by US Special Forces |
Wharton |
|
911 |
401K |
|
Flying lessons |
Twelve handicap |
|
Offshore accounts |
Off-the-books partnerships |
|
Sacrificed other Muslims |
Sacrificed Enron employees |
|
Shielded by Pakistani sympathizers |
Shielded by Dick Cheney |
|
Left behind blueprints for further attacks |
Shredded audit documents |
|
Geneva Convention |
Taking the Fifth |
|
Bin Laden may be dead |
Ken Lay tanned, rested, and ready |
Richard Herschlag ’84
Easton, Pa.
Respond to
this letter
Send a letter to PAW
February 3, 2002
Remember your recent laudatory article about Congressman Jim Leach? Here's what historian Sean Wilenz has to say, from a slightly longer perspective: "Fourth, consider the energy-derivative schemes — obscure financial arrangements so new that they escaped regulation completely. In 1997, Clinton administration officials proposed more-exacting disclosure of energy derivatives. But again, that would have been regulation; and so Enron, with the help of congressional Republicans led by House Financial Services Committee Chairman Jim Leach of Iowa, put a stop to the reformist nonsense." (Sean Wilentz, "A Scandal for Our Time," American Prospect, v.13, n.4, February 25, 2002)
Need I say more?
Burr Loomis '61
Long Beach, Mo.
Respond to this letter
Send a letter to PAW
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