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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.
That is the major question raised by the startling disclosure yesterday that auditors from Arthur Andersen began destroying Enron documents and purging computer files in September and continued doing so while Enron collapsed.