As we mentioned in the prelims, today is Martin Luther King, Jr. Day and we’re assuming that nearly all of you are serving clients today as opposed to enjoying a day off observing the holiday as you see fit.
While it may cause some bellyaching among the newbies, the more seasoned of you have come to accept the fact that because it’s busy season, you are expected to work today.
So let this function as the sounding board for your frustration or acceptance of working today while many are not. Since we’re feeling nostalgic, we’ll hang in there with you today (as long as possible anyway).
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Guilty Madoff CFO Update
It’s offish. DiPascali pleaded guilty to all ten counts against him and faces 125 years in prison, just quarter century short of Boss Ponz. However, because he is cooperating with the U.S. Attorney, DiPascali may be lucky enough to get a sentence under the century mark.
The bright side for Frank DiPascali is that he gets to spend his last few days as a free man courtesy of a very nice sister who put up her house for the $2.5 million bond. Sentencing is tentatively set for May 2010.
DiPascali was the man that many Madoff investors corresponded with directly so it’s clear to us that he was LYING A LOT.
Per the WSJ:
The former chief financial officer for Bernard Madoff says he helped the disgraced financier and others “carry out a fraud that hurt thousands of people”…Mr. DiPascali said at the plea hearing that the transactions were “all fake. It was all fictitious. It was wrong, and I knew it was wrong at the time.”
Okay then, nothing really new there but we will be waiting patiently to hear the other names. Next bean counter up for book throwing is David Friehling, who was kind enough to rubber stamp the Madoff financial statements for around $14k a month. Bright side for Friehling is that he’s looking at 50% less time in jail then Bernie.
Our Token Swine Flu Post
We’re upping our pandemic coverage today because 1) it’s god-awful slow out there and B) refer back to #1. Apparently most businesses out there don’t really have a plan in case this whole H1N1 thing gets medieval on our asses.
Continued, after the jump
AP:
The survey found that two-thirds of the more than 1,000 businesses questioned nationwide said they could not maintain normal operations if half their workers were out for two weeks. Four out of every five businesses expect severe problems if half their workers are out for a month. “What we found is that a minority of businesses have started some sort of emergency planning,” said Robert Blendon, a professor of health policy and leader of the project sponsored by the U.S. Centers for Disease Control and Prevention. “Most, I don’t think, have thought through the implications of something so widespread.”
Surely you’d think that the accounting firms would not fall into this particular category. We glanced over the BW list again (because we’ve got nothing better to do) and surprisingly, only PwC and McGladrey & Pullen have sick days listed. P. Dubs is “Unlimited” and M&P provides five days. The other firms have nothing listed.
So are we to assume that the other usual suspects don’t provide any sick days? Most of you are aware of the really obnoxious habit that some people have of coming to work when they should probably be in the hospital. They pop some Airborne or overdose on Vitamin C and they think they’re cured.
Then, of course, there are types that assume that anyone who calls in sick is faking because, well, their jobs sucks. So the “sick” play at accounting firms is always a lose-lose-lose.
So the question should be asked: What the hell happens when half your team can’t crawl out of bed? Are the firms going to start giving you GASP sick days? Are the firms going to provide everyone with biohazard suits so everyone can still come to work? Maybe just the new associates and partners (probably the most likely scenario)? Discuss.
Oh, So You Want to Quit Your Job? Tell Me About The Farewell Email You Wrote
Listen, I think we're all still a little traumatized by the last farewell email posted […]