“I didn’t want to leave BP, because I love the company. Because I love the company, I must leave BP.”
~ Tony Hayward may, as some have suggested, have a future as a poet.
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Quote of the Day: Did the Ernst & Young Webcast Mention This? | 03.19.10
- Caleb Newquist
- March 20, 2010
“I believe the manner in which the Firm is reporting these assets is potentially misleading to the public and various governmental agencies.”
~ Matthew Lee, former Lehman Brothers Senior VP in charge of consolidated and unconsolidated balance sheets, in a letter to certain LEH executives. He was fired.
FASB Fair Value Proposal Brings the Hate
- Caleb Newquist
- June 17, 2010
“In my mind you are largely responsible for the market collapse in 2007, 2008, 2009.”
~ John Sherman, in a public comment on the FASB’s proposed fair value rule, most of which are really, really, really not nice.
Memo to the World: You’ll Just Have to Live with the Big 4 Whether You Like It or Not
- Caleb Newquist
- June 4, 2010
“[T]here are plenty of industries where there are four big players. The world just has to get on with it.”
~ John Griffith-Jones, chairman of KPMG in the UK and co-chairman in Europe on the concern that four accounting major accounting firms are not enough.