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A CEO’s Reaction After Losing $8 Billion in Three Months

Posted on May 6, 2010 by Caleb Newquist

“Though more needs to be done, we are seeing some signs of stabilization in the housing market, including house prices and sales in some key geographic areas.”

~ Charles Haldeman, CEO of Freddie Mac. The “more needs to be done” includes additional government funds.

Posted in Quote of the DayTagged Earnings, Freddie Mac, Quote of the Day, Things are looking up

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Quote of the Day: Five Words on Big 4 Audits | 03.15.10

  • Caleb Newquist
  • March 16, 2010

“Our whole industry is useless.”

~ Unnamed Big 4 Auditor and GC reader

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The IFRS Foot Dragging Talk Is Just Your Opinion

  • Caleb Newquist
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“This…is wrong. To be clear, while I strongly believe in our commitment to high-quality accounting standards, I believe just as strongly that this commitment is only the beginning of the discussion, not the end.”

~ SEC Chair Mary Schaprio, on the Commission’s approach to IFRS.

  • PwC
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For Starters, PwC Pays Their Attorneys a Lot of Money

  • Caleb Newquist
  • July 13, 2010

“How can any self-respecting attorney still argue – and any lucid judge still believe – that PwC’s global firm is not just a sham legal construct, an artificial vehicle for the strongest member firms to control and potentially exploit their weaker ones, all under the guise of ‘improving quality and seamless delivery to multinational clients…’ ?”

~ Francine McKenna still isn’t buying it.

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Career Advice

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Daily Wire is Pissed Off About a PwC Career Program That Excludes White and Asian Candidates

  • Adrienne Gonzalez
  • February 7, 2025

Although this should have been on their radar already because PwC got sued by America First Legal over it two years ago, conservative muckraking site Daily Wire has just now…

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The Only Piece of Advice You Need to Survive Layoffs at Your Firm

  • Adrienne Gonzalez
  • August 7, 2024

Comment on "How are layoffs decisions really made?" via r/Big4 If it backfires so what, they were going to lay you off anyway. I really hope this advice gets sucked…

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Weekend Discussion: Let’s Talk Counteroffers

  • Adrienne Gonzalez
  • June 29, 2024

Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved…

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