[CANSLIM] Andersen - what happens to new recruits

From: Dave Cameron <dfcameron@yahoo.com>
Subject: [CANSLIM] Andersen - what happens to new recruits
Date: Sat, 29 Jun 2002 19:51:19 -0700 (PDT)

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This message relays second-hand information, which is also about 15
years old.   I haven't bothered to pass it along because of these two
facts.   But... given the latest posts on Andersen employees, and
what might happen when they move on to other companies, I thought I'd
toss it out there.

In 1987, I started my professional career in Chicago.   I was 24
years old, new to Chicago.   I wanted to learn my way around, make
some new friends, etc.... much like young people new to an area will.
  My company was located close to Arthur Andersen's training center
(which is really about 40 miles west of Chicago - but in the Chicago
metro area).   I had the chance to meet several Andersen recruits.  
These were young men and women who were (usually) fresh out of
school, eager to make their mark, and new to the ways of business.  
Their story (told independently by several people over the next
several months) told of a boot camp like environment, with 70+ hour
weeks, continual indoctrination in "the Andersen way" and even
lodging together during stretches.   

The company I worked for had no such thing.   Only years later did I
realize that Andersen's approach was to get these people out of
college before they knew what other companies did, work them very
hard, and get them well indoctrinated.   Many left once they got some
experience, but many stayed on - only knowing what Andersen taught as
THE way business should be run.    

In retrospect, I suspect that some of the shady dealings by senior
members of Andersen were just drummed in to young impressionable
people as "that's the way things are done in business".

Again, take this for what its worth.   I didn't go through it.  I
have a friend who I still keep in touch with who worked for Arthur
Andersen Co. in Chicago.   This was also 15 years ago.   But... maybe
it sheds some light on how things got they way they are.



=====
Dave Cameron
dfcameron@yahoo.com

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