Bush pushes reforms to curb corporate evasion and boost ethics
President Bush outlined a 10 point plan to tighten oversight of corporate finance amid Enron fallout. He backed an independent ethics board under the SEC, tighter auditor independence rules, and possible new laws. Democrats warned it lacks real penalties for fraud and urged bipartisan action.
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D-Conn
Jon Corzine
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Andersen's future in jeopardy
CHICAGO AP Blue chip firms are leaving Arthur Andersen LLP amid the Enron scandal raising concerns over the firm's survival. Delta Air Lines Freddie Mac Merck Inc and SunTrust Banks have dropped Andersen as clients. Experts warn further defections could be fatal for the Big Five firm.
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Arthur Bowman
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