When accounting goes unaccounted for
“How about the fact that you sold hundreds of millions of that deal after your people knew it was a shitty deal? Does that bother you at all?”
– Senator Carl Levin (D-MI) to Goldman Sachs’ Daniel Sparks, regarding SEC allegations that Goldman Sachs sold knowingly shitty CDOs to clients.
Today’s quote of the day comes from a post on r/KPMG: Things feel worse than […]
“This year of all years, the importance of camaraderie and bringing employees together is greater than ever. If people are talking about March Madness, they’re not talking about the state of the business, or the pay cuts, or the layoffs, or things like that”
~ Jonathan Shapiro, partner at labor and employment firm Fisher & Phillips, on why betting pools and even game-watching are good morale boosters.
“Like Sarbox, it is destined to fail—except for all the lawyers and accountants and new bureaucrats it will enrich.”
~ Neil Weinberg found the silver lining.