“I thought half the first floor would be dead.”
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Quote of the Day: From ‘Rockstar’ CFO to Mowing Lawns | 04.12.10
- Caleb Newquist
- April 13, 2010
“Before the fraud broke, people would ask me what I did before I retired and I’d say I was founder and former CFO of HealthSouth. But today when people ask me what I did before I retired I kind of look away and say I was an accountant and hope they don’t ask me any other questions.”
~ Aaron Beam, former CFO of HealthSouth and current lawn-care business owner, at the University of Texas-Dallas Fraud Summit, earlier this month.
Off-Balance Sheet Accounting 2.0
- Caleb Newquist
- October 8, 2010
“They will help investors to better understand off-balance sheet risks, and to alert them to the possibility of so-called window dressing transactions occurring at the end of a reporting period.”
~ Sir David Tweedie talking up the new rules that were published by the IASB today.
The Goldman Sachs Hearing – Uncensored! (Literally)
- Adrienne Gonzalez
- April 28, 2010
“How about the fact that you sold hundreds of millions of that deal after your people knew it was a shitty deal? Does that bother you at all?”
– Senator Carl Levin (D-MI) to Goldman Sachs’ Daniel Sparks, regarding SEC allegations that Goldman Sachs sold knowingly shitty CDOs to clients.