Not sure how we missed this but whatevs. BKD made a move on a local Dallas firm, KBA Group LLP on June 1.
BKD will add eight partners, 95 employees, and approximately $16 million in revenues to its business.
According to AccountingWEB, “This expansion will allow BKD to meet the needs of the rapidly growing Texas market as it serves clients from its offices in Houston, San Antonio, and now Dallas.” Sounds like a BKD press release but if you say so…Enjoy the new boss, KBA!
BKD announces merger with Dallas-based KBA Group [AccountingWEB]
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It’s Hard Convincing People to Use Lame Internal Social Networking Sites
- Caleb Newquist
- August 14, 2009
We’ve covered the whole social networking thing on a couple of different occasions, including the new kid on the block, HubStreet, which will allow you to keep yourselves isolated from the bottom feeders in your professional social scene (at least virtually).
A reader who was a former Green-dotter informed us about that firm’s attempt to develop an internal social network known as Dstreet. This was clearly a priority within the Firm, according to our source:
More, after the jump
When I was wrapping up my sentence there, they were trying to get everyone to join up to their internal social networking site – Dstreet. As if that is what we wanted to do after working there 12 hours. After I got my third email asking me to update my profile for my promotion to manager (I hadn’t even set up a page yet and already I have to update it!), I set up a joke profile complete with picture of myself with huge 80s hair…I told people about it at my going away party and no one had seen it (it had been posted for 2 months)…complete waste of time!!
Apparently the Big 4 Horsemen of the Apocalypse are hell bent on trying to re-invent the Facebook-wheel because to our knowledge, all the firms have some form of an internal social networking site it sounds like they all suck.
At the very least, we would suggest that status updates be allowed so that all your connections can get real time updates on how close you are to quitting for the umpteenth time.
If your firm is failing miserably at developing an internal social network or has developed anything else that seems to be of little use, let us know in the comments.
Corporate CEO’s Are Smarter Than You. It’s Got Nothing to Do with Having Insider Information
- Caleb Newquist
- June 23, 2009
Are you a corporate executive with insider information? Do you have a six-figure mortgage and a significant other with a shopping addiction? Is it possible that you’re not buying the hyperbole about “green shoots”?
Apparently that’s the consensus out there according to the Financial Times:
Executives in charge of the largest US companies sent a signal of their concerns by selling far more shares than they bought this month, according to data based on Securities and Exchange Commission filings.
BFD, you say? To wit:
Share sales by so-called company insiders are outstripping purchases so far this month by more than 22 times. TrimTabs, the investment research company, said insiders of S&P 500 listed companies have unloaded $2.6bn in shares in June, compared with $120m in purchases.
Still not convinced? Maybe this quote from TrimTabs CEO, Charles Biderman will sway you, “The smartest players in the US stock market – the top insiders who run public companies – are not betting their own money on an economic recovery.”
Did you hear that? The smartest players aren’t betting their own money on the recovery. It’s not because they run a shitty company, no, no. It’s because they’re smarter than all of us.
Pessimistic executives cash out of shares [FT.com]
