New Book to Explore Dramatic Collapse of a Global Powerhouse. Written by four Arthur Andersen Organizational Experts
Upper Saddle River, NJ - In its 89-year history, the accounting firm of Arthur Andersen gained world-class status based on a reputation for honesty, competency, and toughness. Yet over a few short months in the autumn of 2001, that reputation unraveled and sent the once ruling firm into a tailspin of accusations and finger-pointing. The firm's so-called ?culture of greed,? illuminated by the media glare, was named the primary culprit for the corporation's collapse.
Is the firm's culture to blame? If so, how was it allowed to grow - inadvertently planting the seeds of its own destruction? The new book Inside Arthur Andersen: Shifting Values, Unexpected Consequences (Financial Times Prentice Hall, ISBN: 0131408968, $24.95) examines this culture in crisis and offers a remarkable inside view of the rise and fall of the accounting giant. Written by former Arthur Andersen organizational experts, the book provides insight into the business culture at the firm, why it failed, and the lessons that can be learned from its collapse.
Moving through the early years of the firm to its final days, the book details how Andersen came to be a highly integrated cultural system achieving the #1 position among the former Big Eight firms. The book documents the ways in which elements of Andersen's cultural system began to change in response to both internal and external pressures, and how these changes had unintended consequences.
Finally, the authors explore the business culture beyond Andersen from the Savings & Loan scandals to Enron, Worldcom, Sunbeam, and Waste Management, and explain why other businesses remain at risk-and what can be done about it.
Susan E. Squires, Ph.D.; Cynthia Smith, Ph.D.; Lorna McDougall, Ph.D.; and William R. Yeack
Publication Date: June 2003
Soft cover: $24.95, 224 pages
Publisher: Financial Times Prentice Hall
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Gardi Ipema Wilks