Please ensure Javascript is enabled for purposes of website accessibility
November 27, 2022

Accounting News Roundup: EY’s Revenue, Hiring Numbers; HP Breaking Up; Tesco Calls in Big Guns | 10.06.14

EY reports 2014 global revenues of US$27.4b [EY]
That's 6% growth in USD. Here's growth by service line: Advisory, 14.4%; Transaction Advisory Services, 6.5%; Assurance, 4.5%; Tax, 4.3%. 

Ernst & Young Plans to Hire 15,500 New Employees [AT]
6,500 experienced hires, 9,000 students.

RadioShack Restructures Part of Its Debt to Help With Holiday Season [DealBook]
The coackroach of electronic retailers lives on! "The deal, arranged by Standard General, a hedge fund based in New York, replaces financing led by GE Capital and is meant to give RadioShack immediate access to $120 million in additional liquidity, the retailer said in a statement."

Hewlett-Packard Breaks Up to Stay Competitive [Bloomberg]
Meanwhile, in once-great-companies-who-have-spectacularly-fallen-from-grace news: "Chief Executive Officer Meg Whitman will lead Hewlett-Packard Enterprise, a new company focusing on corporate hardware and services, while Dion Weisler, the vice president in charge of personal-computer and printer operations, will become CEO of that business, called HP Inc., Hewlett-Packard said in a statement today."

Bernanke, Paulson and Geithner Face Grilling Over AIG Bailout [WSJ]
Cue dramatic music: "The questions won’t be from government investigators or lawmakers. Instead, they will come from prominent lawyer David Boies as he pursues a lawsuit brought by former American International Group Inc. Chief Executive Maurice R. “Hank” Greenberg. Mr. Greenberg is challenging the terms of the 2008 bailout for the company he built into a global financial-services powerhouse before being pushed out in 2005."

Tesco Strengthens Board in Wake of Accounting Error [WSJ]
Richard Cousins, CEO of Compass Group, and Mikael Ohlsson, former CEO of IKEA, bring some clout: "The appointment of two industry heavyweights is an attempt by Tesco Chairman Richard Broadbent to redress the balance of a board long criticized by shareholders and industry analysts for lacking retail experience."

Man Floating in Bubble Rescued by Coast Guard [AP]
He then challeneged them to a game of Trivial Pursuit and it all went downhill from there. 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]

a woman enjoying a coffee while she reads accounting news with her dog

Monday Morning Accounting News Brief: KPMG Drama; MBA Beats CPA?; ISO: Managers and Senior Managers | 9.26.22

Why is the Ontario Securities Commission examining Canadian audit firm ethics? Spurred by some critical comments, EY UK chair and managing partner Hywel Ball shares his opinion on the EY split: “Audit quality is going to be better.” KPMG and Deloitte alumni are doing some startup automation stuff. KPMG UAE is still working out some […]