What Sandy Cockrell doesn’t tell you is that the bathtub is the size of William Taft’s.
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Deloitte Employees Understandably Jumpy After Receiving ‘My Compliance Violations’ Email
Something from the mailbag this morning: Wanna see 60,000+ employees freak-out for a hot second […]
Maybe Deloitte Should Give Up Doing Business in Italy
Deloitte has managed to get itself into more trouble in Italy. After settling the lawsuit with freakishly long-life milk company Parmalat, the firm may be facing charges of “market manipulation, false accounting and obstruction of justice, as well as fraud,” according to Bloomberg.
In this particular Italian job, Deloitte is lumped in with a couple of Deutsche Bank employees, who were allegedly complicit in losses at Banca Italease SpA, “Milan prosecutors are probing Italease after potential losses accumulated by clients on interest-rate swaps swelled in 2007 and the bank’s unprofitable positions ballooned. The Bank of Italy fired the company’s board in July 2007 for lack of internal controls.”
While zee Germans are standing behind their two boys, Francesco Giuliani and Dario Schiraldi, Deloitte didn’t comment for the article but the firm is certainly familiar with the tenacity of the Italians are not be trifled with. The Parmalat case dragged on for over six years before investors finally received a settlement from the firm so you can expect that the screwed investors of Italease will be equally as determined.
Deutsche Bank Employees, Deloitte Said to Face Charges in Milan [Bloomberg BusinessWeek]
Deloitte Names New Partner in Charge of Southeast Region
Some leadership changes for Deloitte are being reported in the DC area, as Gary Tabach will be the new partner in the charge of the Southeast region:
Gary Tabach, Deloitte LLP’s Greater Washington managing partner, has been promoted to vice chairman and regional managing partner for the accounting and consulting firm’s Southeast region.
He is replacing Maritza Montiel, who has been named managing partner of leadership development and succession.
Tabach now oversees some 10,200 staffers in 20 offices from Baltimore to San Juan, Puerto Rico.
Mr. Tabach still has to do most of the heavy lifting for his old job as he will remain the DC managing partner.
Ms. Montiel’s new position, managing partner of leadership development and succession, strikes as mysterious. That particular title gives the impression that she is “partner in charge of telling other partners that they need to lock it up or they’re fired”. If we’re in the ballpark let us know and keep us informed about any leadership changes for your office or region.
Deloitte’s Gary Tabach lands bigger regional role [Washington Business Journal (subscription required)]
Earlier:
New Deloitte Consulting CEO Plugs Magazine Lists, Shuns Facebook Fans