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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.
Enron and Arthur Andersen: The Case of the Crooked E and the Fallen A 31 PART I ENRON AND ANDERSEN â A UNIQUE AND INNOVATIVECOMPANY WITH A PRESTIGIOUS AUDITOR Enron was a leading energy commodities and service company with revenue of US $101billion in 2000.