Some 340 jobs were cut at KPMG following its headcount reduction plan, and a pay freeze has been implemented across KPMG. An internal email to staff said that plans to cut up to 3% of its workforce were now complete. The email contained a video link, in which the pay freeze was announced, reported the Evening Standard.
Accountancy Age also reports that the UK firm had "£1.7bn in revenues for the year ending 30 September 2011, with profits falling 5% to £396m," so we'll see if the Kampers fair better here in the States. Stay tuned.
Earlier this week we shared with you the latest analysis from KPMG that listed “key fraudster traits” and some of them seemed to describe a lot of the people you have worked or are currently working for. Things like “volatile,” “unreliability,” “unhappy,” and “self-interested” describes everyone I’ve ever been in around in the corporate world to one extent or another.
Since I was skeptical of this list, I asked Sam Antar what he thought of it. If you’ve been reading us for awhile, you’re familiar with Sam. If you’re new, I’ll do a quick refresher. Sam was the CFO of Crazy Eddie’s and was one of the masterminds behind one of the biggest financial frauds of the 1980s. While you (and I) were eating cereal in front of the TV on Saturday morning, Sam and his cousin Eddie were selling electronics and home appliances to our parents for rock bottom prices, while ripping off the government and investors for untold millions of dollars. In other words, the guy is a crook and knew/knows lots of crooks and knows their hopes (read: money), their dreams (read: money) all that crap (read: more money) and what they’ll do to get them. With that, Sam told me what he thought of KPMG’s analysis:
I was both a friendly and likable crook who treated my enablers real well as I took advantage of them. I treated my victims even better than my enablers, as I emptied their pockets. Old saying, “You can steal more with a smile, than a gun.” KPMG knows nothing about the character traits of criminals. They couldn’t even catch me as Crazy Eddie’s auditors. They trusted me!
So maybe – JUST MAYBE – you should also be wary of the client or co-worker that you really like because he/she takes you to lunch every day, gets you laid, takes you for rides in a fancy car or invites you to coke-fueled weekend ragers with seemingly no strings attached. Plus any client that has a viral marketing campaign should get an extra look:
I agree with our tipster who wrote, “I’m just sitting here in disbelief that it’s such a big deal (in Denver of all places) that it merited an officewide email.”
From: [Denver OMP]
Sent: Friday, June 03, 2011 2:03 PM
To: US-DEN KPMG Office Everyone List
Subject: Today
It appears as though many of you thought that today was a regularly scheduled jeans day for the Denver office. This was not a scheduled jeans day; however let’s turn this into a positive. If you are wearing jeans today, please [see the] receptionist, and pay your $5. All monies will be donated to the Red Cross to benefit the tornado victims in the south. Thanks everyone for your generosity to those in need.
A source in HoK Denver told me that he saw “several partners wearing jeans” so it’s entirely possible there’s a Rocky Mountain mutiny in the works but I’ll try not to jump to any conclusions.
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