Enron document shredding: Ordered by former SEC Chair Pitt?

[AirAmFan]

From http://www.umanitoba.ca/manitoban/20020206/features_4.shtml

'February 6, 2002

Enron's ethics are America�s ethics, by Ed Janzen

... Enron�s auditor, the accounting firm Arthur Andersen, admitted to shredding several "significant" documents related to the audit.... The guilt gets even more explicit. Take the words of HARVEY PITT-- SOMETIME ADVISOR TO ARTHUR ANDERSEN, CHAIR OF THE SECURITIES AND EXCHANGE COMMISSION... in a law review article he co-authored, entitled "When Bad Things Happen to Good Companies: A Crisis Management Primer." Pitt writes,

"corporate counsel must take every available opportunity to imbue company executives with the understanding that their documents will take on separate lives when they enter the treadmill of litigation."

"Ask executives and employees to imagine all their documents in the hands of a zealous regulator or on the front page of the New York Times," the article continues. "Each company should have a system of determining the retention and destruction of documents."'

[aquart]

1. I know one financial company that burned down the storage warehouse.

Well, of course we don't KNOW that they did it. Even though it was so amazingly convenient, what with that subpoena and all.