Season 20, Episode 22 Bigger than Enron
First Aired: June 20, 2002
A look at lapses in the U.S. financial-oversight system, which were highlighted by the role of the Arthur Andersen accounting firm in the collapse of Enron. “Why didn't the watchdogs bark?” asks reporter Hedrick Smith, who traces a decade of increasingly “fuzzy” regulation practices in a white-hot economy and political climate increasingly friendly to deregulation. Smith examines Andersen's role with Enron and two other companies it audited; and looks at political “battles” over executive stock options, tort-law reform and consulting by auditors. Interviewees include Andersen CEO Joseph Berardino.
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- Premiered: January 1, 1983
- Rating: None
- Premise: Investigative news program featuring in-depth documentaries. (more)