ANDERSEN WORLDWIDE CLARIFIES INACCURATE NEWS REPORT REGARDING CHIEF EXECUTIVE ELECTION PROCESS NEW YORK, May 5 /PRNewswire-AsiaNet/ -- The Wall Street Journal inaccurately reported, on Friday, May 2, that George T. Shaheen, Managing Partner, Andersen Consulting, who had been one of two candidates nominated for the position of Managing Partner-Chief Executive of Andersen Worldwide, implied at the Andersen Worldwide global partners' meeting in Paris that he might resign from the organization if not elected. Mr. Shaheen does not intend to resign, nor did he in any way indicate that at last week's Paris meetings. The Wall Street Journal published the report without checking it with Andersen Worldwide, Andersen Consulting or Mr. Shaheen. Andersen Worldwide, the world's leading professional services organization, consists of Arthur Andersen, which provides accounting, tax, legal, business advisory and specialty consulting services, and Andersen Consulting, which provides global management and technology consulting services. With over 100,000 people collectively, the business units of Andersen Worldwide serve clients through members firms in over 380 locations in 79 countries. In fiscal 1996 (August 31, 1996), combined revenues were $9.5 billion ($4.9 billion at Andersen Consulting and $4.6 billion at Arthur Andersen). CONTACT: May 5, Carol L. Smith for Robert C. Hubbell, 312-507-2295, or after May 5, Robert Hubbell, 212-708-6530, both of Andersen Worldwide.