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Charlie Gasparino: Former CFO Is Getting Some Extra Stink-eye in Lehman Probe

Posted on June 11, 2010 by Caleb Newquist

Namely, Erin Callan.

Posted in CFOs, SECTagged CFOs, Charlie Gasparino, Erin Callan, Repo 105, SEC

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Previous: PwC May Have Overlooked Billions in Illegal JP Morgan Transactions. Oopsie.
Next: But Do They Become Good Accountants?

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Here Are a Couple of the Tweets That Helped Get the Francesca CFO Fired

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Yesterday morning we linked to a little story about Francesca Holdings Corp. CFO Gene Morphis […]

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You Can Forget About Landing That CFO Position at the SEC

  • Caleb Newquist
  • May 21, 2010

Mary Schapiro took some time out of her fraud fighting Friday to ask Kenneth Johnson to quit acting as the Commission’s CFO and to take on the official responsibility of running the Office of Financial Management.

Mr Johnson (KenJo?) vehemently accepted the offer and threw in a shout out to the boss, “I’m honored to accept this new role at such an important time for the agency. Chairman Schapiro is deeply committed to strong financial management, and I’m proud to lead the agency’s initiatives in this area.”


Presumably, the CFO position isn’t a kicking-down-doors type job so Johnson’s first order of business should be to determine the savings on a group rate at one porn site that can appropriate service all tastes.

Washington, D.C., May 21, 2010 — Securities and Exchange Commission Chairman Mary L. Schapiro today announced that Kenneth A. Johnson has been named Chief Financial Officer for the agency.

Mr. Johnson has been serving as acting CFO for much of the past year. The agency’s CFO is responsible for leading its Office of Financial Management, which handles the budget, finance, and accounting operations for the SEC.

“I’m delighted that Ken has agreed to take on this role at the SEC,” said Chairman Schapiro. “His deep experience in the financial arena will be incredibly valuable as we grow as an agency.”

Mr. Johnson added, “I’m honored to accept this new role at such an important time for the agency. Chairman Schapiro is deeply committed to strong financial management, and I’m proud to lead the agency’s initiatives in this area.”

Mr. Johnson, 37, joined the SEC in 2003 as a Management Analyst in the Office of the Executive Director. In that role, he advised on all aspects of the budget process, developed strategy initiatives, and responded to inquiries from the Office of Management and Budget (OMB) and Congress regarding the SEC’s budget and financial operations. He became Chief Management Analyst in 2006.

Mr. Johnson has served as a valuable staff expert on legislative proposals, and he managed the development of the SEC’s long-range Strategic Plan that would guide agency policy through 2015.

Prior to joining the SEC staff, Mr. Johnson worked as a Commerce Analyst at the Congressional Budget Office. His primary responsibility in that role was to analyze and report on the budgetary effects of committee-approved legislation.

Mr. Johnson earned his Masters in Public Policy from the Kennedy School of Government at Harvard University, and earned his BA at Stanford University.

  • CFOs

Your Suspicions About the Controller Not Liking You Are Well Founded

  • Caleb Newquist
  • December 22, 2009

WaynesTopTen.jpgEditor’s Note: A controller friend of GC — who is clearly in the Holiday spirit — presents their top methods of annoying the hell out of their co-workers. We have kept their identity secret* for their own protection. No one likes tragedy around the holidays.
Top ten ways a Controller can piss off co-workers:
1. Start charging for stamps.
2. Stop reimbursing your #1 sales guy’s T&E and when he calls to ask you where his check is tell him to “get fucked” and hang up.
3. Get up during a company meeting and announce that the new per diem has been reduced to $20 a day and that all employees must stay at La Quinta when traveling for business.


4. March into the CFO’s office and tell him your quitting and the books are fucked. Give him/her about 30 minutes to digest and then send them an email to say “just joshin’ ya, boss”.
5. Siphon off ALL the company’s money to an offshore bank account then parachute out the window into your Ferrari waiting below.
6. Write an all company email on December 25th announcing massive layoffs and your recent promotion to CFO.
7. Cancel the holiday party for “budgeting purposes”.
8. Announce that you need to sublease most of the company’s office space and that all employees will be doubling up in offices.
9. Let your corporate checking account go into the negative so that all your year-end bonus checks bounce.
10. Tell your staff that in order to close the books in three days you’re doubling the staff but and they’re going to have to work in shifts.
By,
Anonymous Controller
*For a price, certain information (read: name, address, usual routine) could be provided.

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