“I started to read the Internal Tax Code like I used to study the Bible.”
~ Bob Gorman, religious teacher turned tax professional.
Tag: Quote of the Day
Quote of the Day: Ted Danson Is Not Better Than You at Taxes | 04.13.10
“I haven’t prepared my taxes since I was — good Lord, in my twenties. I’m really inept. I’m not good at that.”
Quote of the Day: From ‘Rockstar’ CFO to Mowing Lawns | 04.12.10
“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.
Quote of the Day: Tom Petters Will Start Paying You Back in 2060 | 04.08.10
“Every day, I am fraught with pain and anguish for those affected by my actions. For those who lost money, I will work to repair and replace what has been lost.”
~ Convicted Ponzi Schemer Tom Petters, at his sentencing where Judge Richard Kyle sentenced him to 50 years in prison.
Quote of the Day: Rich People Unite for Higher Taxes | 04.07.10
“We’re calling on other wealthy taxpayers to join us to send the message to Congress and President Obama that it’s time to roll back the tax cuts on upper-income taxpayers.”
~ Mike Lapham, paper-mill heir, would like to pay more taxes.
Quote of the Day: The AP Doesn’t Hire Criminal CFOs | 04.06.10
If you want to know what the firm’s actual P&L is like, I suggest you read people who can perform basic addition and subtraction.
~ Barry Ritholtz, who was not impressed with the Associated Press story on Overstock.com’s 2009 profit. He suggests this.
Quote of the Day: That Profit Really Put Patrick Byrne in a Good Mood | 04.01.10
“Dear Sam, I apologize. Sincerely, Patrick”
~ Patrick Byrne, finally responding to Sam Antar.
In bizarro world.
Quote of the Day: Never a Dull Moment in Accounting | 03.31.10
“Accounting can be exciting — exciting like finding out you are going broke, or exciting like driving a big profit.”
~ Jay Goltz, entrepreneur and contributor to You’re the Boss.
Quote of the Day: Explaining Accounting Principles to Congress | 03.30.10
“There’s no chance that four CEO’s are going to explain the accounting code to the fine folks in Congress; explaining how to boil water would challenge the format.”
~ Megan McArdle, Business and Economics Editor of the Atlantic, on why asking CEOs to explain why they are complying with GAAP vis-à-vis healthcare reform is a pointless exercise.
Quote of the Day: A Banker’s Feelings Are Nothing to Me | 03.29.10
“The ability to not worry about whether bankers’ feelings are hurt.”
~ Vanessa Wittman, CFO of Marsh & McLennan Cos., on what skills got her through a tight credit market.
Quote of the Day: Sam Antar Is Ready to Rumble | 03.26.10
I challenge John Thomas Financial CEO Thomas Belesis to a match on the Jerry Springer show. To even the odds, he can bring Overstock.com CEO Patrick Byrne. Two crooks versus a convicted felon born in Brooklyn. They can bring actor turned stock pumper Shia LaBeouf for added muscle, too.
~ Sam Antar, reacting to Thomas Belesis calling him an idiot after Antar suggested that Shia might be able to shed some light on the goings-on at John Thomas Financial involving InterOil. And if you forgot, Sam and Patrick have a bit of a history.
Quote of the Day: If Felix Salmon Was on an Audit Committee | 03.25.10
“If I was on the audit committee which received this letter, I would certainly be shopping my account right now.”
~ Felix Salmon, on Ernst & Young’s “hilariously disingenuous” letter to various audit committee members.