“I think we got off to a good start yesterday. There are going to be ups and downs in this process but I’m confident that we’re going to be able to get it done.”
~ President Obama is making us nauseous.
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In Other Words, “Our Numbers Are Good and My Old Boss Is a Pig.”
“We thought it was important for people to appreciate that the announcement today has nothing to do with the operational performance of the company, it is all about Mark’s behavior and judgment.”
~ HP Chief Financial Officer Cathie Lesjak, who is now interim CEO after an abrupt resignation by Mark Hurd amid sexual harassment allegations.
Accounting Rules Were Just Fine Until You Came Along
“The primary result of the convergence project has been to take a set of perfectly mediocre accounting standards (U.S. GAAP) and messed them all up.”
~ Professor David Albrecht, who isn’t quite ready to dance on the grave of accounting convergence.
EY Shouldn’t Be Awarded Any New U.K. Government Contracts For Three Years Because EY Is Bad, Says Some Group
“Banning [EY] for three years from UK public contracts would send an incredibly powerful message […]