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Because of its silent complicity in the Enron scandal, the Arthur Andersen company was also forced to close its doors. The fallout. In the end, 90,000 people lost their jobs; Enron employees, who had been encouraged to invest their retirement plans in company stock, lost $2 billion into the bargain. Stockholders lost another $70 billion in the Enron scandal, and the state of California sued for $6 billion in energy losses.
According to Fortune magazine, If Cooper had been a good soldier, the whole incredible mess might have been concealed forever.. At Enron, accountant Sherron Watkins outlined the company's problems in a memo to then-CEO Kenneth Lay. But by the time Watkins and Cooper blew the whistle, much damage had already been done, and the shareholders and employees were the ultimate losers.