The True Meaning of Sequestration We are headed for a disaster of biblical proportions. What do I mean? I mean Old Testament, real wrath-of-God type stuff. Fire and brimstone coming down from the skies! Rivers and seas boiling! Forty years of darkness! Earthquakes, volcanoes…The dead rising from the grave! Human sacrifice, dogs and cats living together…mass hysteria! [Christopher Bergin]
Webster drops auditor E&Y, hires KPMG [HB]
IRS Employees May Face 5- to 7-Day Furloughs from Sequester [AT]
How the Pope's Retirement Package Compares to Yours [NBC]
The Texas Tech Board of Regents has approved the creation of a School of Accounting at the University. [KCBD]
Speaking of Texas, Deloitte University is a training ground for CFOs, you guys. [DBJ]
After four and a half intense and wonderful years as CEO of Groupon, I've decided that I'd like to spend more time with my family. Just kidding – I was fired today. If you're wondering why… you haven't been paying attention. From controversial metrics in our S1 to our material weakness to two quarters of missing our own expectations and a stock price that's hovering around one quarter of our listing price, the events of the last year and a half speak for themselves. As CEO, I am accountable. [SJMN]
Non-U.S. CFOs Donning Green Eyeshades [CFO]
Dog shoots man accidentally, police say [HT]
"My Oreo machine is based entirely on my dislike for creme and my preference for cookie," Neevel said in a short video that could easily be mistaken for a "Portlandia" sketch. [Yahoo]