Enron Crisis Powers Down

The Enron debacle is the crisis du jour in business and political circles, a disaster that one crisis expert calls "a lesson in how to do everything wrong." The company's
reputation has been demolished among all stakeholder audiences, from employees, to investors, to Wall Street. Also implicated in the largest bankruptcy in American history are
high-profile politicians including President Bush, Vice President Cheney and Commerce Secretary Don Evans. And Arthur Andersen's shady dealings with the energy giant prompted
Newsweek to question whether the accounting firm will survive its own image crisis: "[Its] reputation has been tarnished to the point that the Big Five ... might shrink to the Big
Four."