It transpired that Berardino traveled to Houston in February 2001 and met with Richard Causey, the Enron chief accounting officer and himself a former Andersen employee. Causey apparently asked that Andersen provide more support to the company.
The meeting with Causey came just two weeks after a high-level meeting at Andersen when the accounting firm debated whether it should resign as auditor to Enron because of the risks involved with the company's off-the-book partnership deals. Andersen stayed. Berardino apparently did not mention his concerns to Causey and the rest is history. Andersen anticipated fees of up to $100m from Enron in 2001.
Berardino did, however, send two senior partners to establish what further help the company required.
Andersen Boss Warned About Enron
The Washington Post has reported that a top Enron official advised former Andersen chief Joseph Berardino 12 months ago that the company needed more help with complex financial transactions they were undertaking.
'Gang Of One' - The True Story Of How A Successful Banker Coped With Prison Life
'The End Of Normal' - The Stigma Of Being A MadoffNews RSS Feed Like us on Facebook Linkedin Follow us on Twitter
Videos
Latest in Business
back-up- Disbelief As Greek Politicians Delay Deal On €130bn Rescue Package
- Firms Consider Stopping Annual Bonus Awards
- Goldman Bosses Get Bonus Cuts, Firm Looks For Growth In Europe
- PIMCO Announces EVP, SVP & VP Promotions
- Last Week's Biggest Losers
- 35th Annual Empire State Building Run-Up
- Bob Diamond Comp, Goldman, Julius Baer, Lazard, MF Global, Hedge Funds
- AG Announces Major Lawsuit Against Largest US Banks For Deceptive & Fraudulent Use Of Electronic Mortgage Registry
- Bankers Warned Of Carnage & Urged Not To Bother Going To Work
- Even The Bankers Are Saying It: This Might Be The End For Big Bonuses
- London Deals
- Lloyd Blankfein Speaks Out For Marriage Equality
- Obituary: The Investment Banking Bonus
- 31 Wall St Execs Who Did OK On Pay For 2011
- 'Old Traders' - Chapters I - VIII
- BofA, BNY Mellon, Carlyle, Goldman, MF Global, John Paulson, Allen Stanford
- Featured Recruiter - NJF Search
- Featured Training Company of the Month – PRPi Training Limited
- Recruitment Firms We Like
- Here Is The City Hits New Readership High - 414,059 Unique Users
- 11 Things That Happened This Day In History - 6th February
- RBS Chairman Defends Stephen Hester's Near-£1m Bonus
- Top Firm Said To Be Cutting Bonuses & Jobs
- UBS Faces Formal FSA Investigation After Kweku Adoboli Charges
- Ex-MF Global Chief Risk Officer Says He Expressed 'Concerns' & Urged 'Caution'
- Ed Miliband's Speech On Banking - Pay 'Too Big, Too Often'
- MF Global 'Board And Senior Management Were Highly Sophisticated'
- BofA, Credit Suisse, Jefferies, MF Global, RBS, UBS
- Changes To UBS Board Of Directors
- Barclays, Bank Of Nova Scotia, Blackstone, Deutsche, Evercore, JPMorgan, MF Global, UniCredit
- M&A & Capital Markets Snapshot
- Financial Services Authority Asks For £78m More In Funding
- CEO Admits That Firm Broke Bonus Promise
- Deutsche Bank 2011 Compensation Details Now Out
- SEC Charges Former Credit Suisse Investment Bankers
- Letter From Mark Zuckerberg In Facebook IPO Filing
Features
- And The Best Place To Work In The Global Financial Markets 2011 Is...
- The Top 100 Financial Markets Firms 2011
- Recruitment Firms We Like
- Execuzen - Best Search Firm 2011
- Eximius Group - The Best Contingency Recruitment Firm 2011
- Hays Financial Markets - Best Temp / Interim Recruitment Firm 2011
- Holmes Search - The Best Compliance Recruitment Firm 2011
- Huxley Associates - Best HR Recruitment Firm 2011
- Selby Jennings - The Best Front Office Recruitment Firm 2011
- Selby Jennings - The Best IT Recruitment Firm 2011
- Selby Jennings - The Best Risk Management Recruitment Firm 2011
- Tay Associates - Best Secretarial / PA Recruitment Firm 2011
