Welcome to the First-Ever (and Maybe Last-Ever) Going Concern Awards
Since this website is aimed at the coveted 18-34 age demographic (don’t worry if you’re not in it, I got booted from that box a few years ago myself, pass the back pain pills please), y’all should be more than familiar with getting trophies for doing absolutely nothing if the 60-year-olds who gave them to […]
Bonus Watch: Anonymous Whistleblowers
Things are looking pretty good for someone who will not be named in the matter of something that will not be mentioned: The Securities and Exchange Commission today announced a whistleblower award of more than $3 million to a company insider whose information helped the SEC crack a complex fraud. The multi-million dollar payout is […]
White Guy Proudly Accepts Diversity Award for His Big 4 Firm
Last night, DiversityInc handed out awards to seven U.S. companies "that showcase best practices for workplace diversity" in New York City. Predictably, EY sent their white Americas Managing Partner Steve Howe to accept theirs. "In order to earn one of our special awards, a company needs to demonstrate full commitment to diversity, starting at the […]
Is the PwC Oscar® Team Really Incorruptible?
PwC issued a press release today announcing their nearly eight-decade run tabulating the ballots for the Academy Awards. From now until the broadcast, we’ll be treated with more PwC mentions on Entertainment Tonight than anyone should bear. Personally, I’m of the opinion that the Golden Globes is a better gig due to all the drunken shenanigans, […]
Bonus Watch ’12: IRS Whistleblowers
Don't expect this to be the standard result for any future snitches on corporate tax evaders, but the IRS did make good for at least one informant: The Internal Revenue Service awarded tax whistleblower and former UBS AG banker Bradley Birkenfeld $104 million for providing the agency with insider information in UBS's illegal encouragement of […]
Ernst & Young Demonstrates That Immaterial Differences Can Exist in Surnames
In the range of complex services provided by Big 4 accounting firms, counting votes for awards should be ranked somewhere between "easy as pie" to "I can do this shit with my eyes closed." Of course, sometimes even the simplest of tasks can go awry: After further review, Andrew Bynum finished all alone in fourth […]
Do You Know an Exceptional Accounting Educator?
You've probably never heard of it (degenerates) but the AICPA Distinguished Achievement in Accounting Education Award recognizes full-time college accounting educators distinguished for excellence in teaching and for national prominence in the accounting profession. The award has a dual function: to extend profession-wide recognition to the recipient and promote role models in academia. The third […]
Your Ernst & Young Entrepreneurs Of The Year Include the Dude From Groupon, Patrick Byrne
We really don’t pay much attention to the E&Y Entrepreneur thingamajigs because, well, it’s boring. Sure, we like entrepreneurs just fine but c’mon. These guys are filthy rich and successful and E&Y gives them trophies? Is this sort of commercial circle jerk really necessary? Regardless of our personal feelings, the awards are a big deal – Jay Leno hosted this year’s event for crissakes – and the Google News feed for E&Y is constantly clogged with stories about people advancing to the next round of voting like some sort of capitalist March Madness.
Anyway, Casa de Turley officially announced this year’s winners over the weekend and Reid Hoffman and Jeff Weiner, founders of
Facebook for Suits LinkedIn, are your entrepreneuriest entrepreneurs.
In addition to the dynamic duo there are quite a few guys you’ve never heard of that are doing well for themselves including Roger Linquist and Jose R. Mas. See? Never heard of them, have you?
There are also some winners that you have heard of including Andrew Mason, one of the co-founders of virtual clipfest and increasingly looking insolvent Groupon. As well as Patrick Byrne, the founder of Overstock.com. You know, the guy on the Segway. The guy who Sam Antar can’t help to poke and prod every chance he gets. The guy whose company is being sued by seven California counties thanks to a Walmart sticker. The guy who may have had some weirdo trolling a bunch of bloggers’ Facebook friends. Yes, that Patrick Byrne.
But HEY! not every entrepreneur can be squeaky clean. It’s not like he’s Pete Rose or anything. Unless you count this.
Ernst & Young, Guy Who Plays Boy Wizard to be Recognized by Trevor Project
Having seen the rabid crowds outside FAO Schwarz to see this guy first hand, it’s hard telling what kind of internal battle there is at E&Y to rub elbows with Harry Potter (even if he’s likely to be sans spectacles).
Daniel Radcliffe will be honored by The Trevor Project with the Trevor Hero Award during “Trevor LIVE” at Capitale (130 Bowery, NY, NY). The annual show benefits the life-saving work of The Trevor Project and will also honor Ernst & Young LLP with the Trevor 2020 Award.
If you’re not familiar with the Trevor Project, they do great work, focusing on “suicide prevention efforts among lesbian, gay, bisexual, transgender and questioning (LGBTQ) youth.” Kudos to E&Y for the recognition.
Ernst & Young: Hedge Funds Like Us! They Really Like Us!
A source informs us that this is hardly surprise as E&Y has some the best known shops as clients including SAC Capital, Third Point, Anchorage Capital Partners, Reservoir Capital Group and Pershing Square. Although the HF honchos still appreciate the recognition:
“Receiving this award is a testament to Ernst & Young’s 25-year commitment to serving hedge funds through every phase of their business – from starting up through investment, global expansion and going public,” said Art Tully, Co-leader, Global Hedge Fund Practice, Ernst & Young LLP. “Since we began serving the alternative investments industry more than two decades ago, our seasoned professionals have worked to help hedge fund clients anticipate and meet new regulatory, transactional, accounting, tax, technology, operations and investor demands.”
“Ernst & Young’s hedge fund practice was founded on start-ups. In 2009, we audited the most significant share of the top 25 fund launches in 2009,” said Mike Serota, Co-leader, Global Hedge Fund Practice, Ernst & Young LLP. “As these organizations continue to evolve and expand, we can support their evolving needs through our extensive portfolio of services.”
E&Y is two for two in Hedge Fund Manager Week’s Best Accounting Firm Category so it’s a little early for any “dynasty” rhetoric but they seem to have a decent hold on things.
And the Award for Deloitte Analyst Most Likely to Sleep His Way to the Top Goes To…
Gents, are you sick of being treated like eye candy? Are you tired of getting attention for your looks when all you want to do his serve your capital markets? Being judged for alleged promiscuity with superiors?
No? Cool with it? Good, because there are awards being handed out across the pond primarily based on your superficial qualities and your willingness to whore yourself out for personal success (click to enlarge).
We’re filling out our ballot now but as the message says, you’ve got until the 18th, so ponder these carefully. Barry Salzberg is a lock at #6, especially if he’s wearing a hard hat.
Btw, who is going to tabulate the votes? We sure as hell can’t trust anyone from Deloitte to do it. Consider this the official RFP.
Also discuss your thoughts on the categories included, what categories are omitted, nominate yourself by sending us photos (we’ll pass them along). Anything on your mind, really.
Ernst & Young Wins Hedge Fund Award, Partners Give Boring Acceptance Speech
The accounting firm awards bonanza has begun stateside. After last week’s Accountancy Age awards, Ernst & Young has now been named “Best Accounting Firm to Hedge Fund Industry” at the inaugural Hedge Fund Manager Week US Service Provider Awards.
While this is certainly a less comprehensive ceremony than the Accountancy Age Awards, it should not be taken any less seriously. This is a sincere effort on the part of the hedge fund industry to recognize who has bent over backwards the farthest for them. Nice work, E&Y.
As for the speeches:
Arthur F. Tully, Partner, Financial Services and Global Hedge Fund Practice Co-leader, Ernst & Young LLP said, “It is an honor to receive this recognition. It reflects our ongoing efforts to provide relevant insights into our client’s most pressing issues, particularly in today’s challenging business market.”
“This award is a testament to our efforts to provide consistent, high-quality service to our asset management clients as we strive to anticipate, understand and offer insight into the biggest issues facing our clients,” added Michael J. Serota, Partner, Financial Services and Global Hedge Fund Practice Co-leader, Ernst & Young LLP.
We understand that there’s a an expectation for tactfulness but c’mon guys. This was your opportunity to get on a stage, drunk as Ken Lewis on a Tuesday morning and say something like:
“It feels damn good to win. You other firms, I wish I could say it’s an honor to be nominated with you but I can’t. In other words, suck it. I accept this award on behalf of all those staff and managers that continue to suffer from sleep deprivation, obesity, and overall misery because I know they’re working at this very second. And if I find out that you’re not, you’re uninvited to the party. Oh, and I just want to say, Jim Turley, you complete me. You really, really, really do. I love you.”
Or something to that effect.
Ernst & Young LLP Named Best Accounting Firm to Hedge Fund Industry [PR Newswire]