Andersen Vs. Andersen: Next Stop, Splitsville

What a divorce will cost Andersen Consulting

George T. Shaheen, CEO of Andersen Consulting, stands behind a podium at the University of Chicago, fielding questions from MBA candidates. Most of the queries come from Andersen Consulting wannabes--students eager to impress the leader of one of the nation's largest, most successful, and highest-paying consulting firms. Then up stands a renegade: a woman, hired by Andersen Consulting out of Princeton University, who left to attend business school. She plans to return to the industry--but not necessarily with Shaheen's firm, in part because of concerns about Andersen Consulting's nasty separation battle from sister company Arthur Andersen & Co. "Wait a minute," Shaheen says, sensing a challenge. "You don't want to come back to AC?" When the woman shakes her head, Shaheen can't resist teasing her with an insult: "No wonder you went to Princeton."

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