Highlights
The story of Andersen, a once-great Chicago accounting firm shut down after the collapse of client Enron Corp., started in 1913, when the son of Norwegian immigrants set up shop on West Monroe Street in Chicago. Arthur Andersen's mother had schooled him in a Scandinavian axiom--"Think straight, talk straight"-- and he believed a firm that didn't sugarcoat its opinions could earn the respect of clients. At the time, the accounting profession was dominated by a few big houses with London roots. Andersen wanted to set his firm apart by making money beyond routine bookkeeping. When he sat down to craft the announcement of his firm's opening on Dec. 1, 1913, Andersen also promised to provide "the...
The story of Andersen, a once-great Chicago accounting firm shut down after the collapse of client Enron Corp., started in 1913, when the son of Norwegian immigrants set up shop on West Monroe Street in Chicago. Arthur Andersen's mother had schooled him in a Scandinavian axiom--"Think straight, talk straight"-- and he believed a firm that didn't sugarcoat its opinions could earn the respect of clients. At the time, the accounting profession was dominated by a few big houses with London roots. Andersen wanted to set his firm apart by making money beyond routine bookkeeping. When he sat down to craft the announcement of his firm's opening on Dec. 1, 1913, Andersen also promised to provide "the designing and installing of new systems of financial and cost accounting and organization." But he insisted that without integrity, the firm would never grow. He set the tone in 1914 when a railroad executive demanded that Andersen bless a corporate ledger marred by inflated profits. Andersen sent him packing, establishing a reputation for independent thinking that would lead to decades of prosperity. His brand of stern independence carried on through Leonard Spacek, who succeeded Andersen after the founder's death in 1947. The Andersen name disappeared from the Chicago business scene in 2002, but its legacy lives on through Accenture, the firm formerly known as Andersen Consulting.
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Full Statement: Anti-Government Letter Linked to Pilot
KTLA NewsLOS ANGELES -- A former Southern California software engineer who crashed a plane into an IRS building left behind a farewell note that he apparently posted on the Web earlier in the day as an explanation for what he was about to do. According to...Tags: Juvenile Delinquency, Business Enterprises, Gaming, Labor Legislation, Internal Revenue Service
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Major Sponsor says Tiger "No Longer Right Representative"
Associated PressLOS ANGELES -- For six years, global consulting firm Accenture PLC featured Tiger Woods in ads designed to highlight the company's claimed attributes of integrity and high performance. That relationship is over now. Accenture ended its association...Tags: Lifestyle and Leisure, Business Enterprises, Golf, PGA Tour, Dining and Drinking
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Baltimore Grand Prix group in turmoil
IndyCar executives met with Baltimore officials Monday to discuss the future of the company planning the city's Grand Prix — and whether the leader of the group should depart. Downforce Racing LLC, which took over the troubled event earlier this...
Tags: Labor Legislation, Illinois, Government, Labor Day, Open-Wheel Racing
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Driscoll Honored By UConn Club
Details below from UConn on the UConn Club honoring John Driscoll Jr. with the A.J. Pappanikou Outstanding Contribution Award ... STORRS, Conn. (April 12, 2012) -- John Driscoll, Jr., ’81 will receive the A.J. Pappanikou Outstanding...Tags: New Haven (New Haven, Connecticut), Stamford, Financial Planning, Lincoln National Corporation, Justice System
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Andersen died in vain
On this day a decade ago, the federal indictment of the Andersen accounting firm destroyed one of Chicago's signature companies. The obstruction of justice charges against Andersen unveiled on March 14, 2002, put 85,000 worldwide employees out of work in...
Tags: Companies and Corporations, Business Enterprises, Corporate Performance, Crime, Law and Justice, Finance
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Larry Campbell: Darden executive was 'all about family and friends'
Four days before Christmas in 1984, Larry Campbell and his wife loaded up a U-Haul for a 2,747-mile move from Calgary, in Alberta, Canada, to Altamonte Springs to be near his sick father.
The Campbells built a life in Central Florida. They had four sons....Tags: Altamonte Springs, Maitland, Toronto (Canada), Funeral Parlor and Crematorium, College Sports
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New Grand Prix chief is racing fan and driver
Construction magnate and self-described "gearhead" Dale Dillon has built offices for high-speed racing teams, laid tracks for IndyCar contests in two cities and, despite having only one leg, raced open-wheeled cars competitively around the country.
Now,...Tags: College Sports, Car Repair and Maintenance Tips, Auto Racing, Labor Day, Economy, Business and Finance
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Office space: Mike Samson
When Mike Samson and Ross Kimbarovsky were preparing in 2007 to move into their urban-chic office at 1200 W. Lake St. in Chicago, finding the perfect chairs became a mission.
The co-founders of CrowdSpring, an online marketplace for logo, Web and graphic...Tags: Commuting, Metra, Marketing, Skype, Table Tennis
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Tags: Business Enterprises, Financial Markets, Trials, Columbia University, Fraud
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Two Muscatine police officers arrested in two weeks
by Kristy Mergenthal
MUSCATINE, Iowa --
The Muscatine police department has had two officers arrested in two weeks. The Muscatine police chief says both officers will go through the court system just like any other person would accused of a crime....Tags: Crime, Law and Justice, Iowa, Punishment, Police Arrests
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September 16 - Author Kurt Eichenwald
WGN NewsThe Informant To purchase a copy of the book: The Informant: A True Story In his critically acclaimed and spell-binding real-life thriller THE INFORMANT: A TRUE STORY, award-winning investigative reporter and bestselling author Kurt Eichenwald blew...Tags: White House, Fraud, Crimes, Osama bin Laden, Central Intelligence Agency
Feb 18, 2010
|Story| KTLA-LTV
Dec 14, 2009
|Story| KTLA-LTV
Apr 16, 2012
|Story| Baltimore Sun
Apr 13, 2012
|Story| Hartford Courant
Mar 14, 2012
|Story| Chicago Tribune
Jan 27, 2012
|Story| Orlando Sentinel
Dec 4, 2011
|Column| Chicago Tribune
Feb 15, 2012
|Story| Baltimore Sun
Nov 14, 2011
|Story| Chicago Tribune
Mar 21, 2010
|Story| Associated Press
Nov 24, 2008
|Story| WQAD
Sep 16, 2009
|Story| WGN-TV
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