KPMG Auditors Working From Home During a Pandemic Was a Major Inconvenience For One CEO

From the Wall Street Journal:

[Emerson Electric CEO David Farr] had just gotten off the phone with KPMG LLC, Emerson’s auditors since 1938, and he was steaming. The problem: It was June and they were still working from home.

“Look. I make s—, and you can’t tell me how I’m making s— when you’re sitting in your goddamn living room,” Mr. Farr recalled yelling days after the interaction. “Get your a— out to my factories, look at my people on the line, and tell me if they’re telling me the truth or lying. That’s what you’re supposed to do. That’s why I pay you $25 million a year.”

Mr. Farr felt remote work was bad in the long-term, so much so that he had advised his son to get back on the road for his job as a field marketing manager for Caterpillar Inc. in Atlanta before the company began bringing people back.

Travel, pay for it yourself, ask for forgiveness later, Mr. Farr barked at his son.

The Covid Crisis Taught David Farr the Power and Limits of Leadership [Wall Street Journal]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

2 Comments

Comments are closed.

Related articles

Happy 125th Birthday, KPMG!

Today is August 2 and KPMG is turning 125! Way to prove the naysayers wrong as they pointed and jeered and insisted that we’d be down to just three Big 4 firms by the end of the 2010s. YOU GO, KPMG. Don’t listen to those haters. There’s a press release because of course there is: […]

Mass Exodus at KPMG or Just a Day Ending in Y?

Meanwhile, in the Asia-Pacific (India, we think)… Twelve years ago my esteemed former colleague Caleb Newquist got clowned for calling six resignations at KPMG NYC an exodus so we’ll refrain from warnings about skies falling down for now. Latest Accounting Jobs–Apply Now: Senior Accountant, Nonprofit clients Remote Posted 3 weeks ago Senior Tax Associate (CPA […]