“‘To lose a case like this is huge,’ said William B. Mateja, a former official of the Justice Department’s corporate fraud task force. ‘Arthur Andersen was the poster-child case of all the corporate fraud cases.'” The Supreme Court overturns the 2002 conviction of Arthur Andersen LLP, thus facilitating future corporate shredding binges. “More broadly, some lawyers said the court’s decision shows its sympathy for corporate America’s view that companies should be freer to engage in routine document destruction — often under the ironic title of ‘document retention policy.’“
Tag: Arthur Andersen
Market Fundamentalism.
Financier and philanthropist George Soros weighs in on the recent spate of corporate malfeasance and the dangers of “market fundamentalism.”