Big D is the now officially in the toilet frozen pay camp, as we have received a tip that senior associates in the Northeast region will not receive raises this year. On the less-bleak side, B. Salz and his fellow partners are doling out bonuses out of 2.2% pool which will probably amount to barely enough to pay for one night of your now three day drinking binge.
Rumor is that the disappointing word for associates should come down tomorrow but if you’ve got the scoop for us early or have more details on the cold news let us know at tips@goingconcern.com.
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Deloitte Wants to Help You Find a Job. In Another Country
If you recently find yourself unemployed and either you were here on a visa or you’ve had enough of the old US of A, Deloitte is here to help you this week. On Wednesday, the big D is providing a 90 minute webcast for its alumni who are looking for work internationally.
Since Deloitte is a big shot accounting firm that is always on top of this whole economic sitch, they’re providing a webcast for you former Green-dots to figure out how to go to another country ’cause your chances of getting a job States-side are pretty much zilch.
Get details, after the jump
As colleagues for life, our alumni are an important part of the Deloitte culture. You have made significant contributions to Deloitte over the years, and in similar fashion we are committed to continually supporting your journey as you increase your personal market value.
Join us on Wednesday, September 16, 12:00 p.m. EDT for expert advice and tips from members of the Deloitte Global Talent Acquisition and Mobility team…Located in London and Amsterdam, our presenters have their thumb on the pulse of the international job search and will examine ways to navigate a marketplace job search outside of the U.S. Topics covered will include:
• What parts of the world are hiring right now
• How to market yourself for international jobs
• How to maximize your chances of getting a job outside the US
• How to prepare yourself for job interviews outside the US
• How to integrate if you do relocate
• How to negotiate an offer outside the US
Nevermind the tricky part about how the hell you get to Johannesburg once you’ve landed the new gig. That’s all on you.
Lawsuit Against Deloitte Gets New Life
Deloitte has managed to keep its name out of the news lately, except for breaking ground at its version of Animal House and releasing the number of employees it has on LinkedIn.
On a more litigious note, Deloitte has managed to keep its name out of well publicized lawsuits, whether they relate to Madoff feeder funds or subprime lenders. Until now, that is.
According to AM Law Litigation Daily, a judge in Seattle has allowed a revised lawsuit to proceed that lists “Washington Mutual officers and directors, underwriters, and the auditing firm Deloitte & Touche” as defendants.
The revised lawsuit was trimmed down to a “concise” 267 pages from the original 388 that the judge described as “verbose” and “disorganized”.
The plaintiffs allege that “offering documents contained “materially misstated financial returns for WaMu” and that “offering documents contain false or misleading statements as to WaMu’s internal controls”.
Specifically — without getting into too many gory details — the plaintiffs say that WaMu did not have a sufficient loan allowance in a “manner commensurate with the quality of its home mortgage products” and that their “Loan Performance Risk Model” that determined the allowance, was basically bunk.
Deloitte, as the auditors, was supposed to call WaMu on all this shoddy work and the plaintiffs aren’t satisfied with the job they did. Unfortunately, this all amounts to a pretty major (and long) headache for Deloitte but their attorneys at Latham and Watkins are probably grateful.
Let us be the first to welcome Deloitte back to the high-profile litigation party.
Second Time’s the Charm for Plaintiffs in Washington Mutual Complaint [AM Law Litigation Daily via Law Review]
Wamu.pdf
Tim Ryan Got Hit With a Pie
…for charity. It was an honor to volunteer for a great cause at the Pie […]