Andersen Drops TheStreet.com After Negative Comments From Cramer

from the oh-come-on dept

Arthur Andersen has been losing clients left and right these days in the wake of the Enron (and Global Crossing) accounting scandal. So it's a bit surprising to hear that they have decided to reject the business from TheStreet.com following negative statements about them made on CNBC by TheStreet's founder and very outspoken columnist, James Cramer. If anything, this just suggests to me that Andersen doesn't have the slightest clue what unbiased auditing means. Cramer acted as an independent analyst should act: calling it as he saw it. If Andersen called it as they saw it instead of saying exactly what their clients wanted to hear maybe they wouldn't be in this mess right now. Update: Cramer's response to this: "I'm not the one who shredded the documents... and I'm not the one who can't see right from wrong."
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Reader Comments

Subscribe: RSS

View by: Time | Thread


  • identicon
    Alan Brown, 13 Mar 2002 @ 5:48am

    Anderson, unbiased? bwahaha


    FWIW, they were right in the middle of the deLorean scandal 20 years ago too.

    They pretty clearly have a corrupt corporate culture. The very telling thing will not be who leaves them, but who stays.

    After all, if crooked customers go elsewhere, their bad dealings get exposed - and they can't afford that any more than Enron could.

    link to this | view in chronology ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.