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Accounting News Roundup: More on PwC Age Discrimination Lawsuit and Grant Thornton Lands Tony Awards | 04.29.16


We talked about the age discrimination lawsuit filed against PwC yesterday and while this Reuters article doesn't report anything new on that case, it does provide some background on age discrimination in California, where the suit was filed:

The number of age discrimination lawsuits filed spiked during the recession when many companies laid off workers who claimed they were targeted because of their age, and has fallen in the last few years. The issue has been a particular concern for tech companies.

Facebook Inc in 2013 agreed to settle claims by a California state agency that it violated the law by posting job ads seeking recent college graduates. Lawsuits making similar claims are pending against Google Inc and Twitter Inc.

California is a worker friendly state, so it stands to reason that this lawsuit could dog PwC for awhile. And in the past, PwC's faced scrutiny from the EEOC who don't like the firm's mandatory retirement age. Not that one has anything to do with the other, well, except that PwC seems to have a knack for irritating some of the olds.

Elsewhere in PwC news: The UK firm elected Kevin Ellis as its next BoMo (or TiRy, I should say).

Grant Thornton and Tony

Yesterday, I mentioned Grant Thornton's press release that announced its support for a suspiciously named bill in Congress. Today I'll mention another Grant Thornton press release that announces something quite different:

The Tony Awards® have announced that professional services firm Grant Thornton LLP will serve as the “Official Professional Services Partner” for the Tony Awards. The Tony Awards are presented by The Broadway League and the American Theatre Wing.

The Tony Awards, which honor theatre professionals for distinguished achievement on Broadway, have tapped Grant Thornton to tabulate the nominations, voting and results for 2016.

"When I hear the words Tony Awards, I think of leadership, innovation and excellence," GT CEO Mike McGuire said. And I say, "Give us a break with the business platitudes, Mike." Just say, "Neil Patrick Harris," and be done with it so we can get on with the shameless self-promotion.

The last time the Tony Awards switched firms, it was in 2009 and I wrote about it then, too, on GC's precursor, 10-Key Tramp. At the time, KPMG nabbed the honors from Lutz & Carr who had tabulated the ballots for 50 years. Now we have GT stealing the gig from KPMG after seven. I don't know what KPMG should feel worse about — the fact that I've managed to blog for a living longer than they kept an engagement that amounts to an elaborate counting exercise or that they lost that elaborate counting exercise to Grant Thornton.

Maybe there's a perfectly good explanation for the change, I don't know, but when the President of The Broadway League and The American Theatre Wing say that Grant Thornton will "help us move confidently into the future" you can't help but think they weren't too happy with their previous counters.

In any case, everyone expects Hamilton to dominate this years awards so don't screw it up, GT.

Previously, on Going Concern…

Strategy& employees make more money that you and Lurie, an accounting firm in the Twin Cities is giving away Paul McCartney tickets in its efforts to find some auditors. (Full disclosure: Lurie is a firm partner of GC's sister site, Accountingfly, and I can't stand "Maybe I'm Amazed.")

In other news:

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