Pleasant surprise out of Chi-town, as Eddie Nusbaum got everyone on the phone yesterday and happily reported that GT had a better year than expected and there will be a “small bonus pool”.
Our source also said that the Baumer qualified the bonuses being for people that “have done something very special”. The rest of you that weren’t capable of doing anything special will get bupkis.
We’re not really sure what “doing something very special” could be but, depending on the parties involved we’re guessing it involves Def Leppard or Lover Boy and probably a Chippendale’s or French maid outfit.
Discuss your own thoughts on special in the comments
Related Posts
Our Advice: Always Remember Pants
We’re presenting a typical dress code that one firm put up for its recruitment season. It’s not really important whose it is because you could slap any firm name on it and it would be believable.
Women
• When wearing a skirt, hosiery is a good idea.
• Shoes should be clean and not too high. Strappy sandals are not very professional.
• Spaghetti straps and strapless tops are not okay in the office or a networking event.
• Make sure skirts and tops are not too tight or too short. Your midriff should never be exposed.
• Hair should be kept neat and simple. Jewelry should be conservative and tasteful – never make noise or too distracting.
Men
• Keep any facial hair neatly trimmed.
• Pants should be clean and pressed. They should be tailored, sit at the waist and rest on the top of the shoes.
• Shirts should be clean, pressed, and collared.
• Be sure to wear socks that match–not athletic socks.
General
• Aim for a neat, clean look.
• Remove visible body piercings and cover tattoos.
• Pay attention to the fit of your clothes–make sure they aren’t too tight.
• Keep perfume/cologne to a minimum.
• Always think about what message you want to send. If you have to stop and wonder, “Can I get away with this?” it’s probably not a good idea.
Our first reaction to this list is that while women seem to have the most rules, lots of men we’ve observed need serious fashion help. Lots of men wear khakis that look like Hammer-pants. And “matching socks”? Is this the best they got for gents?
So, discuss fashion faux-pas. State your most hated abuse of fashion in the comments. Personally, pleated pants are pretty much the worst. Btw, “don’t dress like a ho” doesn’t suffice as a faux-pas you dolts.
Deadline Watch: Porsche Suing Crocs For ‘Cayman’ Use
As we warned last week, today is the filing deadline of 3rd Quarter 10-Qs for accelerated filers. While many of you may be coming down to the 5:30 deadline, just as many have probably hit the button long ago and the filings are now getting scoped.
Michelle Leder over at Footnoted.org has one interesting Q that tells us about the fashion eyesore company Crocs, who is being sued by Porsche in Germany over the use of the name “Cayman”:
Now few people would probably confuse Crocs’ Cayman sandal for the Porsche Cayman. After all, one sells for $29.99 and the other starts at $51,000. And if this had been filed in the United States, instead of in Germany, we’d be even quicker to dismiss it. But at the very least, it’s got to be an expensive distraction for Crocs, which had to find a law firm in Germany to represent its interests. In the filing, Crocs says it plans to “vigorously defend” itself against the claims. But vigorous defenses rarely come cheaply. It’s not clear from the filing whether Crocs has already stopped selling the Caymans in Germany or not.
Crocs has survived plenty of near-death experiences already so we’re not getting our hopes up. Besides, if the First Lady wears them, is there really any hope for rubber shoe extinction?
Porsche vs. Crocs… [Footnoted.org]
The PCAOB Doesn’t Care for the Flagrant Disregard of Their Rules
Having never been part of a PCAOB investigation, we’re not able to attest to the uncomfortable violated feeling one must have when you have a government foot soldier crapping all over your work.
That being said, if you can at least make an argument for your shoddy work, you’ve got something to throw at them. The same cannot be said when you have no discernible argument whatsoever that will allow you to look yourself in the mirror and call yourself an auditor.
Enter Moore & Associates and its President, Michael J. Moore:
Poor auditing, after the jump
After M&A registered with the Board in October 2004, Moore began auditing
the financial statements of public companies for the first time in more than ten years.
Over the next three years, M&A accepted nearly 300 public audit engagements, with
Moore serving as the auditor with final responsibility on each of them. Respondents
added new clients at a nearly exponential rate while the audit staff was comprised of
inexperienced staff members overseen by one professional. M&A staffed the audits
with assistants who had no accounting or auditing education, experience or training.
These unqualified audit assistants planned and executed the audits with little or no
supervision from Moore.
So, you’re back in the audit game after a ten years on the bench and you really don’t have the resources to pay anyone that has any accounting background. Not being one to shy away from adversity, you go out and find whatever warm bodies you come across at the Greyhound station. Eventually you get the call that the PCAOB is on to your little game and you’ve got to think that the jig is up.
Nah. Keep rolling with it:
Respondents also failed to cooperate with the Board’s investigation…Respondents created false work papers that did not accurately reflect the work performed on the relevant audits and produced those false work papers to the Board’s Division of Enforcement and Investigations. Moore also falsely testified that these work papers produced by Respondents were true and accurate audit work papers completed during the audit, when he knew they were not.
Nothing like going down in flames. For his incredibly diligent dishonesty and disregard for the PCAOB’s rules, Moore has been banned to the CPA darkness.
Moore & Associates, Chartered, and Michael J. Moore, CPA (8/27/2009) [PCAOBUS.org]