NEW YORK (CNN/Money) -
An Arthur Andersen LLP auditor was so concerned about the firm's relationship with Enron Corp. that he set his worries to song.
James Hecker, of Andersen's Houston office, wrote a song in 1995 that parodied the firm's relationship with the energy trader and set it to the tune of "Hotel California" by The Eagles. Andersen's lead attorney Rusty Hardin fought unsuccessfully to keep the song out of evidence at Andersen's criminal trial Wednesday.
Hecker, on cross-examination, said that he considered the song a joke but admitted that he did show it to some people.
"I had a little idle time on my hand....I was venting," he said.
The ditty remained in his desk until the current Andersen trial where the accounting firm stands accused of shredding Enron documents while on notice of a federal investigation.
Hotel Kenneth LAYA
(sung to the tune of Hotel California)
So I called up the partner
I said " Please book this entry"
He said," We haven't had a debit here since 1993"
And still the gurus are calling from far away
Worry worry in the middle of the night
Just to hear them say
Welcome to the
Hotel Mark-to-Market
such a lovely face
such a fragile place
They liven it' up at the Hotel Cram-it-DownYa
When the suits arrive bring your alibis
Mirrors on the 10K, makes it look real nice
And she said, "We only make disclosures here
of our own device"
And in the partners' chambers
Cooking up a new deal
Three percent in an S-P-E
but they just can't make it real
Last thing I remember I was running for the doors
I had to find the entries back
to the GAAP we had before
"Relax," said the client
"We are programmed to succeed
You can audit anytime you like
but we will never bleed."
--CNNfn's Jennifer Rogers contributed to this story
|