Jack Atchison

Exhibits

Arthur Young accountant and Lincoln employee

Jack Atchison was a manager at Arthur Young, one of the “big four” U.S. accounting firms. While working at Arthur Young, he conducted a number of ACC’s external audits during the 1980s and penned the famous Arthur Young letter,” which outlined the reasons for his belief that the San Francisco regulators abused Lincoln S&L, an apparently viable institution.

Many of the senators and their aides cited this letter as a major motivation to contact Gray and to inquire about the Bank Board’s exam on Keating’s behalf.

In 1990, Keating hired Atchison away from Arthur Young for an annual salary of approximately $930,000.