I don’t care how you try to explain it away, in this day and age of tight budgets and runaway deficits, $90,000 per day is way too much to pay an accounting firm for advice on how to cut $4 billion from Ottawa’s budget, particularly since the proposed cuts Deloitte comes up with are unlikely ever to be acted upon[.] [NP]
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New York Puts Deloitte in Time-out Over Standard Chartered
- Caleb Newquist
- June 18, 2013
Remember last summer when Deloitte got itself wrapped up in a big international money laundering scandal? […]
Deloitte’s New San Francisco Office Will Be Cooler Than Yours
- Caleb Newquist
- August 27, 2010
Sayeth San Fran managing partner Mark Edmunds.
He told the SF Business Times, “The cool factor will be very high,” so maybe we’re taking his statement slightly out of context. Presumably, “high cool factor” not only means that there won’t be tight security on bathrooms and they’ll allow pictures in your respective cube but it sounds as though there will be a faux-Starbucks available and a theater so you can listen to Barry Salzberg talk about diversity in surround sound.
The new office — nine floors in San Francisco’s newest office tower — represents not only a change in address, but an evolving philosophical transformation in how Deloitte serves its clients. Instead of private sanctuaries where partners retreat to pore over financial statements, the new environment will be all about collaborative spaces, Starbucks-like cafes and enclaves with the latest video conferencing technology. There will be a theater-style “learning center” that can hold groups of up to 200.
Deloitte recalculates headquarters [SF Business Times (partial subscription required)]
Former Deloitte Partner Jeff Farber Lands Deputy CFO Gig at AIG
- Caleb Newquist
- March 3, 2011
Not only is Mr Farber a Deloitte audit alum, he also had stints as the controller at Bear Stearns and CFO at Gamco Investors. Today came the announcement that he is still winning, now as the new sidekick to David Herzog.
In this new position, Mr. Farber will provide global leadership and coordination for AIG’s Controllership and Accounting Policy functions, as well as the AIG Global Tax Department. He reports to David L. Herzog, AIG Executive Vice President and Chief Financial Officer.
It’s worth noting that as the a leader and coordinator for global tax department, Farber alone will encompass more oversight than all of Weatherford International.
ANYWAY, back to the boilerplate:
“Jeff Farber is well prepared to help take these key AIG finance functions to an even higher level,” said Mr. Herzog. “Over the past several years the finance team has worked diligently through an extraordinarily complex restructuring, and this new role provides Jeff with an opportunity to lead a great team and work closely with the finance transformation team as we roll out our new financial platform.”
Sounds like a hoot. Best of luck to Mr Farber.