Final Accounting

Since I just praised corporations below, let be "fair and balanced" by mentioning the book Final Accounting: Ambition, Greed, and the Fall of Arthur Anderson. I just started reading it today, and am nearly finished. I can't put it down. The stuff that went on at Arthur Anderson is amazing to me. 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. Like all fraudsters, they eventually got caught. I highly recommend this book to anyone who wants an example of how not to set up a corporate culture.

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