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January 31, 2023

Big 4 Alumni

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Twitter’s Chief Accounting Officer Is Rumored to Have Left the Building (Literally)

The Washington Post has written about the abrupt culture change happening at Twitter since Elon Musk entered the picture on October 27 and buried among the complaints of secrecy and fear is a little mention of the CAO GTFOing. UPDATE: Twitter’s chief accounting officer is rumored to have been “walked out” of the building and […]

Ex-Deloitte CEO to Get Free Big Macs For Life

OK, we don’t know if that’s actually true, or if Cathy Engelbert even likes McDonald’s signature “two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun” sandwich, but the former Deloitte CEO and current commissioner of the WNBA is the newest director on Mickey D’s board. The Golden Arches announced today: […]

The SEC Removed ‘Acting’ From Sagar Teotia’s Job Title

Sagar Teotia is officially your new chief accountant at the SEC, a position he had held in an acting role since Wesley Bricker surprisingly announced he was stepping down as chief accountant in June. Teotia definitely has the chops for the chief accountant office. He had served as deputy chief accountant under Bricker since 2017 […]

Tim Flynn: Back in the Game

Almost. The ex-KPMG Chairman has been nominated to join JP Morgan's board of directors. He still has to be elected by shareholders (a formality more or less) which will occur on May 15th. But Jamie Dimon seems pretty excited about the possibility, saying that JPM is "honored" that TFly has agreed to be a nominee. […]

Former Deloitte Partner Jeff Farber Lands Deputy CFO Gig at AIG

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.

Big 4 Alumni Watch: Ex-KPMGer Wants You to Please Yourself (or Someone Else)

sex toys.jpgWhen considering your next professional move, do you take the time to ponder all the options? Oh sure, controller, technical accounting manager, CFO all sound nice but do they really get you excited about your work?

If you answer yes, then stop reading and return to Forbes.

Former Klynveldian, Matt Thomas is the co-founder of La Coquette a website for sex toys, paddles, handcuffs and other adult accessories. Unlikely as it may seem for an ex-Big 4 type to get into the business of sensual delights, he clearly is a master of utilizing critical thinking skills:

“sex has always sold – and we thought there was a gap in the market for really good quality products.”

Hear that? ‘A gap in the market for really good quality products’. Have you been able to find something that can provide eight hours of 24k bliss? How about leopard nipple tassels? Crystal handcuffs? Didn’t think so.

Plus, that device that you’ve dreamed about that plugs into your iPod and provides magical pleasure to the beat of JT? Dream no longer. The Naughtibod Vibrator will only set you back £46 and batteries are included.

Suffice to say, the man is far more interesting to talk to:

“It is a brave new world,” he laughs. “At dinner parties and weddings I used to tell people I was an investment banker and that would be that. Now, they’re hanging onto my every word!”

Although we understand Matt’s excitement about his newfound popularity, it can’t be that hard to keep someone’s attention if you’re carrying around a picture of a Shiri Zinn Minx vibrator. Call it a hunch.

Ex-Banker Tries His Luck with Sex Toys [City AM]