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September 27, 2023

Accounting News Roundup: Hertz Done Restating; Former Grant Thornton COO Trying Out Private Equity; Chicago’s Sales Tax | 07.17.15

Update: Gawker has retracted the story about Condé Nast's CFO linked to below.

Accounting probe may pressure Toshiba to write down Westinghouse [Reuters]
The investigation concludes next wee although a write-down to the company's nuclear division would be a new development. One person involved in the probe said that the accounting irregularities, "were part of Toshiba's 'corporate culture.' "

Hertz Jumps as Much as 20% After Restatement, Cost-Cut Boost [Bloomberg]
The company found $207 million, "in additional pretax misstatements from 2011 through 2013."

Former Grant Thornton COO opens middle market private equity firm in Dallas [DBJ]
Lou Grabowsky founded Juniper Capital Management with his son, Bryan.

Condé Nast's CFO Tried To Pay $2,500 for a Night With a Gay Porn Star [Gawker]
It just so happens that the CFO is David Geithner, brother of Tim Geithner. Once the escort, "Ryan," found out that fact, he started asking for assistance with a HUD issue. The whole thing is pretty messy. UPDATE: The post has been retracted and taken down.

Chicago Adopts Highest Sales Tax Among Major Cities [Tax Foundation]
10.25% as of January 1, 2016.

How I Stay Motivated to Work When I'm on the Road [Lifehacker]
That is, on vacation. 

Dildo epidemic hits Portland power lines [Mashable]
Weirdness, kept.

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