Re: [CANSLIM] Andersen - what happens to new recruits


From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] Andersen - what happens to new recruits
Date: Sun, 30 Jun 2002 09:02:30 -0500

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Fanus, CANSLIM investing requires work.
  ----- Original Message -----=20
  From: Fanus=20
  To: canslim@lists.xmission.com=20
  Sent: Saturday, June 29, 2002 11:04 PM
  Subject: Re: [CANSLIM] Andersen - what happens to new recruits


  Dave

  If you ever have worked for any of the big
  consulting/auditing firms you would know practices
  like that is not only common to Andersen.

  Can we maybe stop the Andersen bashing and start
  getting back to CANSLIM on the group?

  - Fanus

  --- Dave Cameron <dfcameron@yahoo.com> wrote:
  > 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.
  >=20
  > 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. =20
  > 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. =20
  > 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.  =20
  >=20
  > 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.   =20
  >=20
  > 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".
  >=20
  > 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.
  >=20
  >=20
  >=20
  > =3D=3D=3D=3D=3D
  > Dave Cameron
  > dfcameron@yahoo.com
  >=20
  > __________________________________________________
  > Do You Yahoo!?
  > Yahoo! - Official partner of 2002 FIFA World Cup
  > http://fifaworldcup.yahoo.com
  >=20
  > -
  > -To subscribe/unsubscribe, email
  > "majordomo@xmission.com"
  > -In the email body, write "subscribe canslim" or
  > -"unsubscribe canslim".  Do not use quotes in your
  email.


  __________________________________________________
  Do You Yahoo!?
  Yahoo! - Official partner of 2002 FIFA World Cup
  http://fifaworldcup.yahoo.com

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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS">Fanus, CANSLIM investing requires=20
work.</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dfanus13@yahoo.com =
href=3D"mailto:fanus13@yahoo.com">Fanus</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, June 29, 2002 =
11:04=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Andersen =
- - what=20
  happens to new recruits</DIV>
  <DIV><BR></DIV>Dave<BR><BR>If you ever have worked for any of the=20
  big<BR>consulting/auditing firms you would know practices<BR>like that =
is not=20
  only common to Andersen.<BR><BR>Can we maybe stop the Andersen bashing =
and=20
  start<BR>getting back to CANSLIM on the group?<BR><BR>- =
Fanus<BR><BR>--- Dave=20
  Cameron &lt;<A =
href=3D"mailto:dfcameron@yahoo.com">dfcameron@yahoo.com</A>&gt;=20
  wrote:<BR>&gt; This message relays second-hand information, =
which<BR>&gt; is=20
  also about 15<BR>&gt; years old.&nbsp;&nbsp; I haven't bothered to =
pass it=20
  along<BR>&gt; because of these two<BR>&gt; facts.&nbsp;&nbsp; But... =
given the=20
  latest posts on Andersen<BR>&gt; employees, and<BR>&gt; what might =
happen when=20
  they move on to other<BR>&gt; companies, I thought I'd<BR>&gt; toss it =
out=20
  there.<BR>&gt; <BR>&gt; In 1987, I started my professional career =
in<BR>&gt;=20
  Chicago.&nbsp;&nbsp; I was 24<BR>&gt; years old, new to =
Chicago.&nbsp;&nbsp; I=20
  wanted to learn my<BR>&gt; way around, make<BR>&gt; some new friends, =
etc....=20
  much like young people new<BR>&gt; to an area =
will.<BR>&gt;&nbsp;&nbsp; My=20
  company was located close to Arthur Andersen's<BR>&gt; training =
center<BR>&gt;=20
  (which is really about 40 miles west of Chicago -<BR>&gt; but in the=20
  Chicago<BR>&gt; metro area).&nbsp;&nbsp; I had the chance to meet=20
  several<BR>&gt; Andersen recruits.&nbsp; <BR>&gt; These were young men =
and=20
  women who were (usually)<BR>&gt; fresh out of<BR>&gt; school, eager to =
make=20
  their mark, and new to the<BR>&gt; ways of business.&nbsp; <BR>&gt; =
Their=20
  story (told independently by several people<BR>&gt; over the =
next<BR>&gt;=20
  several months) told of a boot camp like<BR>&gt; environment, with 70+ =

  hour<BR>&gt; weeks, continual indoctrination in "the Andersen<BR>&gt; =
way" and=20
  even<BR>&gt; lodging together during stretches.&nbsp;&nbsp; <BR>&gt; =
<BR>&gt;=20
  The company I worked for had no such thing.&nbsp;&nbsp; Only<BR>&gt; =
years=20
  later did I<BR>&gt; realize that Andersen's approach was to get =
these<BR>&gt;=20
  people out of<BR>&gt; college before they knew what other companies=20
  did,<BR>&gt; work them very<BR>&gt; hard, and get them well=20
  indoctrinated.&nbsp;&nbsp; Many left<BR>&gt; once they got =
some<BR>&gt;=20
  experience, but many stayed on - only knowing what<BR>&gt; Andersen =
taught=20
  as<BR>&gt; THE way business should be run.&nbsp;&nbsp;&nbsp; <BR>&gt; =
<BR>&gt;=20
  In retrospect, I suspect that some of the shady<BR>&gt; dealings by=20
  senior<BR>&gt; members of Andersen were just drummed in to =
young<BR>&gt;=20
  impressionable<BR>&gt; people as "that's the way things are done =
in<BR>&gt;=20
  business".<BR>&gt; <BR>&gt; Again, take this for what its =
worth.&nbsp;&nbsp; I=20
  didn't go<BR>&gt; through it.&nbsp; I<BR>&gt; have a friend who I =
still keep=20
  in touch with who<BR>&gt; worked for Arthur<BR>&gt; Andersen Co. in=20
  Chicago.&nbsp;&nbsp; This was also 15 years<BR>&gt; ago.&nbsp;&nbsp; =
But...=20
  maybe<BR>&gt; it sheds some light on how things got they way =
they<BR>&gt;=20
  are.<BR>&gt; <BR>&gt; <BR>&gt; <BR>&gt; =3D=3D=3D=3D=3D<BR>&gt; Dave =
Cameron<BR>&gt; <A=20
  href=3D"mailto:dfcameron@yahoo.com">dfcameron@yahoo.com</A><BR>&gt; =
<BR>&gt;=20
  __________________________________________________<BR>&gt; Do You=20
  Yahoo!?<BR>&gt; Yahoo! - Official partner of 2002 FIFA World =
Cup<BR>&gt; <A=20
  =
href=3D"http://fifaworldcup.yahoo.com">http://fifaworldcup.yahoo.com</A><=
BR>&gt;=20
  <BR>&gt; -<BR>&gt; -To subscribe/unsubscribe, email<BR>&gt; "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>&gt=
; -In=20
  the email body, write "subscribe canslim" or<BR>&gt; -"unsubscribe=20
  canslim".&nbsp; Do not use quotes in=20
  =
your<BR>email.<BR><BR><BR>_______________________________________________=
___<BR>Do=20
  You Yahoo!?<BR>Yahoo! - Official partner of 2002 FIFA World Cup<BR><A=20
  =
href=3D"http://fifaworldcup.yahoo.com">http://fifaworldcup.yahoo.com</A><=
BR><BR>-<BR>-To=20
  subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
 the=20
  email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim".&nbsp; Do=20
  not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML>

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- -To subscribe/unsubscribe, email "majordomo@xmission.com"
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Next Article (by Subject): Re: [CANSLIM] Andersen - what happens to new recruits Spencer48@aol.com
Previous Article (by Subject): Re: [CANSLIM] Andersen - what happens to new recruits Fanus
Top of Thread: [CANSLIM] Andersen - what happens to new recruits Dave Cameron
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