Arthur Andersen has dropped financial news site TheStreet.com as one of its clients. The consulting firm informed TheStreet.com last week that it was terminating its relationship because of the pair's inability to work in a "cooperative manner," according to a Securities and Exchange Commission filing.
In a letter to TheStreet.com's CEO Thomas Clarke, Andersen said the termination was "caused by what we believe to be inappropriate public comments about our chief executive officer and our firm, made by a member of your board of directors." The consulting firm said it objected to comments TheStreet.com director James Cramer made about Andersen CEO Joseph Berardino during a program on financial news channel CNBC. The Street.com has chosen Ernst & Young to serve as its public accountant for 2002, according to the SEC filing.