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RAIN 02/02: Weekly Update 01/29/02 Part 1: Shredding
There are 6 stories in this posting
Sports Business News 01/29/02
Arthur Anderson, Shredding and the Oakland Raiders
http://www.sportsbusinessnews.com/index.asp?story_id=12332
Oakland Raiders attorneys are using the brouhaha over Enron document shredding in attempts to revive unrelated allegations that Arthur Andersen Co. accountants destroyed evidence that could prove it lied in 1995 when it assured sellouts at the Coliseum.
Business Week 01/29/02
Hot on the E-Trail of Evidence at Enron
http://www.businessweek.com/bwdaily/dnflash/jan2002/nf20020129_3701.htm
by Alex Salkever
How much information about the Enron case did Arthur Andersen and Enron actually destroy? And what can investigators retrieve? The answer to both questions,
surprisingly, is quite a lot.
David B. Duncan, the Andersen parter who oversaw dealings with the now-bankrupt Houston energy concern, was fired on Jan. 15 for allegedly ordering aides to shred documents in late October. Duncan claims he was following Andersen policies. The process halted on Nov. 9, when Andersen received a letter of inquiry from the Securities & Exchange Commission. On Jan. 15, the company claimed it had "...successfully recovered documents from electronic backup files, and is continuing efforts to retrieve more."
Chicago Tribune 01/29/02
Shredding industry refuses to be trashed
http://www.chicagotribune.com/news/chi-0201280168jan28.story
by Robert L. Kaiser
It's not just the accounting profession that is getting a bad rap from the Enron scandal. Think of how those in the shredding business must feel.
On the defensive, the National Association of Information Destruction, which
represents more than 250 companies in the United States and abroad, issued a
news release last week titled "Shredding is Good."
Cincinnati Enquirer 01/25/02
Record disposal can be justified
http://enquirer.com/editions/2002/01/25/fin_record_disposal_can.html
by John Eckberg
You can buy paper shredders at discount department stores or
even at some drug/convenience stores. Industrial shredders are sold
over the Internet and at major office supply companies throughout
the nation.
Now, paper shredders are everywhere; though three decades
ago, only a handful of office supply companies sold shredders, and
few companies and executives went to those lengths to destroy
records.
New York Post 01/29/02
DEEP POOH-POOH
http://www.nypost.com/business/40121.htm
by Nikki Finke
The Walt Disney Co. could lose as much as 25 percent of its annual gross revenues if it
doesn't win the Winnie the Pooh lawsuit expected to go to trial as soon as the end of
this year.
New York Post 01/29/02
POOH SCANDAL IS '$HRED' HOT
http://www.nypost.com/news/nationalnews/40089.htm
By NIKKI FINKE and LINDA STASI
Maybe Mickey Mouse should go work for Arthur Andersen.
In a bitter, 11-year-old lawsuit with a family that owns the commercial rights to Winnie the Pooh, the Walt Disney Co. was systematically destroying "massive amounts of documents . . .hundreds of boxes and thousands of pages" that might have shown it withheld or under-reported Pooh royalties, newly unsealed court records reveal.