PubMed · 10242169
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G L Lampi, R J Kenneth. 1979. Paperwork can be cut!. https://pubmed.ncbi.nlm.nih.gov/10242169/
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Premier Chairman and CEO Richard Norling and Novation President Mark McKenna feared the worst before a U.S. Senate subcommittee last week. Equipment markers' allegations that their innovative products are barred from the marketplace by deals between GPOs and longtime large suppliers led to the hearing. But instead of lowering the boom, the panel gave the companies a grace period to straighten up.
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In contrast to about 50 defections by public companies, many healthcare clients of Andersen are standing by the troubled auditor--at least for now. Saying that it's too soon to judge, clients such as the Catholic Health Association are sitting tight to see what the fallout is from the Enron scandal before making any decisions. And even if many part ways with Andersen, there's a host of consultants to take its place.