July 12, 2006

I Think I Heard This Story Before

Dr X. posts this from his memory of The Year of Miracles:

"A Southern [Company] senior veep, Jake Horton, was going to blow the whistle on [dodgy accounting] and other company misdeeds such as illegal payments to politicians. But, on April 10, 1989, Horton boarded a corporate plane to go to a meeting where he planned to confront Southern's top brass -- and the plane exploded. Why the big boom? No one knows -- or is saying.

"Palast's reporting almost resulted in the criminal indictment of the company -- until Bush the First had his Justice Department intervene and declare that all of the alleged wrongdoing was kosher because an accounting firm had OK'd the cooked books. That accounting firm was none other than Arthur Andersen, whose ill fame would peak a decade later in the Enron meltdown."

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