Accountants Behaving Badly: Alyssa Milano Lawsuit Settled, Money Laundering, Revenge=Jail Time
Here are some accountants who were up to no good last week. Alyssa Milano settles $10 million suit with former accountant [Variety] Actress Alyssa Milano has settled a legal battle with her former accountant Kenneth Hellie as the case was about to go to trial. Terms of the settlement were not disclosed. Milano and her husband, agent […]
One Possible Revenge Option for the Women of PwC Ireland
As you might expect, there’s been a fair amount of outrage about the PwC Ireland Hottie List 2010. Revenge ideas are already being floated and we were pointed to the following comment over at Gawker (although we can’t seem to find it now):
If PricewaterhouseCoopers fails to act promptly and decisively on this, the women of the company have a couple of other ways to achieve justice.
My favorite is taking a full page ad in the business section of the leading newspapers… featuring corporate photos, titles, and marital status of the 17 men. The copy would say: “Instead of working on YOUR accounts, these men spend their time imagining their coworkers as sexual objects.”
The copy would be 100% true and provable, so it ought to get published. The wives, girlfriends, neighbors, and churchgoers can take it from there. Any of these men will find it harder to go on an out-of-town trip or stay late in the office without getting mangled in the wringer. And PWC will face questions about its billable hours.
If PWC still fails to act, the next ad can feature the same men, but the copy will say, “There were 13 people on their Top-10 List. Do you really want them auditing YOUR books?”
The 13/10 idea is quite brilliant and we suspect other firms (with the exception of KPMG) to capitalize on it immediately.
It’s been said “the best revenge is living well,” but since these ladies work at PwC, there’s virtually no chance of that. It’s also not clear at this time what firm the action is taking against the perps. Accordingly, some ideas from the peanut gallery are in order for revenge/punishment. Ideas might include:
1) Forced sobriety on the dudes in question.
2) Giving them the horrendous responsibility to respond to all the questions regarding the colors and shapes used in PwC’s new logo.
3) Send them to China with no language training.
That’s just to get your brains working. Leave suggestions below.
Accounting News Roundup: Charlie Rangel Has a Primary Challenger; Does Your Salary Define You?; PCAOB Wants Auditors to Consider Big Weird Transactions | 04.08.10
• Rangel Challenged by a Historic Foe [WSJ]
Someone finally realized that Charlie Rangel’s constituents in New York’s 15th District have maybe had enough of Chuck and his “pay taxes as I wrote them, not as I pay them” ways. Rangs will be challenged in the primary by New York State Assemblyman Adam Clayton Powell IV, according to the Journal. Not only does Mr Powell have an upper hand in the ad campaign department but there’s a bit of history here.
Powell Number III, sire of IV, was defeated by ChaRang back in 1970 amid his own ethical trubs. ACP 4th Edition insisted to that this had nothing to do with sweet, sweet revenge, “It has nothing to do with revenge or anything like that. Anyone with that record in public service would be interested in higher office.”
It won’t be easy for ACP4 however. He was flicked away by Rangs in a primary challenge back in 1994 and was recently convicted of “driving while impaired,” which actually seems worse than hogging rent-controlled apartments, since that could result in, you know, someone getting killed.
• My Paycheck, My Self? [FINS]
Does your salary define you as a human being? Or, at the very least, does it feel that way? Master pay czar Ken Feinberg had to snoop around some people that pull down some hefty scratch and he found out that the human psyche can easily be affected by their pay stub.
• PCAOB Issues Staff Audit Practice Alert on Auditor Considerations of Significant Unusual Transactions [PCAOB]
Don’t worry about the plain old vanilla transactions auditors, the PCAOB needs you to be on the lookout for significant unusual transactions. What that entails, we don’t really know but we’ll assume that means any transaction, and the PCAOB means any transaction, that looks remotely out of the ordinary, has a funny name (that may or may not include a “105”), requires smokey-filled room approval etc., definitely give it a second look. Or a third.
Infuriating Problem of the Day: Accountants Quitting During Busy Season
Seriously people. For most of you, this isn’t a problem. You gird up your loins, duck your head and bulldoze your way through this time of year just like you’ve done in years past. Busy season sucks. We all know that.
Who in their right mind interviews with the Big 4 et al. and is thinking, “The hours won’t be that bad,” or “I probably won’t have to travel” OR “Big 4 salaries are good enough for me”?
The Big 4 Exodus is something that has been discussed at length here but until we’ve yet to discuss this particular topic.
Yes, the trend of accounting firm layoffs is demoralizing and yes, merit increases were mostly frozen, and there were virtually no bonuses> Hell, you may working your ass off knowing that your staff makes more than you but if you’re working in mid-February, what ton of bricks hits you that causes you to conclude that bailing out on your team is the best option?
All the people we’ve had the pleasure of working with, despite all of them having multiple “F— THIS!” moments, pull it together because they have a job to do. Why the hell didn’t you quit prior to busy season? You really felt like sticking it to everyone?
Fine. Perhaps your desire for sweet, sweet revenge against your senior/manager/partner/firm is more powerful than any shred of integrity you may have but for crissakes, that makes you a very bitter person. More so than the average accountant.
Seriously? It couldn’t wait? There isn’t that much time left in busy season. And besides, if you’re patient, they may pay you to leave.
Some Might Call it Revenge, Others May Call it Justice
In the fallout of the last weeks layoffs at KPMG, we’ve received many tips that tell stories of betrayal, shock, bitterness, etc. One particular story that we were tipped about however, tells us a story of sweet, sweet revenge in Palin-country:
Get details on the accountant equivalent to Charles Bronson, after the jump
In May KPMG fired a long time partner in its Anchorage office…In the course of a few months the fired partner convinced many of the offices major clients to request proposals from other firms…The three top revenue clients left for other firms. Two of the clients went to Grant Thornton Seattle where it now appears the fired KPMG partner has landed himself. Did I mention that was 30% of the offices revenue?
We’re not sure which of our readers are able to exert this type of influence over clients to get back at their former employers, so we’ll open it up to all stories of revenge for those of you getting the axe. Nothing is too petty so let’s hear it. Besides, isn’t vengeance part of the American way? We would ask that you keep your revenge tales of Kill Bill proportions to yourselves. Discuss in the comments or shoot us your cold dish at [email protected].