But they did change their name

Posted on November 18, 2009, 8:00 am, by Craig Silverman, under Wire service.

apIn a Nov. 6 story citing examples of companies that changed their names to repair their images, The Associated Press erroneously reported that Accenture changed its name from Arthur Andersen as a result of an association with the Enron scandal. Accenture, previously known as Andersen Consulting, operated independently from Arthur Andersen, the accounting firm. Andersen Consulting changed its name before the Enron scandal became public and was in no way tied to the scandal. Link

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  • http://twitter.com/stereoroid brian thomson

    True – according to a 2002 NY Times article*:

    “Accenture, formerly known as Andersen Consulting, was separated from Arthur Andersen in 2000 by an arbitrator who resolved a longstanding dispute between them, and Andersen has since worked to build its own consulting practice.

    Andersen was paid about $27 million by Enron for consulting and about $25 million for audit services in 2000.”

    So, Arthur Andersen did consulting for Enron, but not as “Andersen Consulting” or Accenture.

    * http://www.nytimes.com/2002/02/01/business/enro…

  • http://twitter.com/stereoroid brian thomson

    True – according to a 2002 NY Times article*:

    “Accenture, formerly known as Andersen Consulting, was separated from Arthur Andersen in 2000 by an arbitrator who resolved a longstanding dispute between them, and Andersen has since worked to build its own consulting practice.

    Andersen was paid about $27 million by Enron for consulting and about $25 million for audit services in 2000.”

    So, Arthur Andersen did consulting for Enron, but not as “Andersen Consulting” or Accenture.

    * http://www.nytimes.com/2002/02/01/business/enro…

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