Arthur Andersen has hired former Fed Chairman Paul Volcker Jr. to monitor the company’s accounting practices. “The reason I got involved,” Volcker told the New York Times, “is that Andersen is in big trouble and they were looking for someone to sprinkle holy water on them.” Last month, Slate’s David Plotz assessed former Sen. John Danforth—aka “St. Jack”—and other “ex-pols who are called on to settle disputes, end wars, and clean up dirty companies”: “These mediator types are all modest and self-effacing,” Plotz wrote. “They have exceptionally small egos (for politicians). They like sharing credit. They are also incredibly dull. They burn like 40-watt bulbs.”
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