Andersen Ads Try to Boost Confidence

  • January 16, 2002
A week after it was discovered that Andersen destroyed documents that could be crucial to the government's probe into Enron's collapse, the firm took out full-page ads in The Wall Street Journal, The New York Times, and The Washington Post in an attempt to restore consumer confidence in its business practices. The black-and-white ads contained a letter from Andersen's CEO Joseph Berardino, and listed measures the firm has taken in the aftermath of its audit of the collapsed energy trading firm -- including the firing of their Houston-based partner in charge of the Enron account. A full-page ad in the national edition of The Wall Street Journal costs about $167,000.
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