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A Spanish Communist Is Concerned About Excessively Long Hours at Big 4 Firms
- Adrienne Gonzalez
- January 17, 2023
This story was highlighted in yesterday’s Monday news brief but it deserves its own spot […]
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GSI Group: Internal Controls Won’t Be an Issue Going Forward
- Caleb Newquist
- May 16, 2011
GSI Group Inc. (GSIG) said it reached a settlement with the U.S. Securities and Exchange Commission by consenting to a cease and desist order related to accusations that it improperly recognized revenue on certain transactions at its semiconductor business from at least 2004 through June 2008, partly because of insufficient internal controls. The SEC alleged that as a result, the supplier of precision technology and semiconductor systems had overstated revenue by 0.7% in 2004, 1.4% in 2005, 17% in 2006 and 5% in 2007 and by 13% and 5.6% in the first and second quarters of 2008. The company said it agreed to the settlement without admitting or denying the SEC finding and wasn’t charged with fraud or required to pay any penalties. “GSI fully cooperated with the SEC in its two year investigation and has undertaken a number of corrective actions and internal control enhancements,” said Chief Executive John Roush. [Dow Jones]
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There Are Some Cranky McGladrey Mofos in Minneapolis
- Caleb Newquist
- October 7, 2010
Last week McGladrey announced the promotion of 21 lucky ducks to the big kids’ table. Mining the comments, you would find some indication that even with the 21 newbies, the number of partners is probably a net negative due to “laid off and departing partners.”
We received a tip recently that seems to echo these thoughts, telling us that a number of managers and partners have left the Minneapolis office, including a “head partner.”
We asked around and discovered through another source that this “head partner” was a gentleman by the name of Will Roche, a veteran of the firm:
I am not saying but just saying no one in is happy in Minneapolis. Will Roche was forced out after 34 years
And through another non-McG source we were able to confirm that Mr. Roche is no longer with the firm. So! Maybe it’s a simple case of out with the old, in with the new at Mickey G’s? If that’s the case, is C.E. Andrews next? Dude is pushing 60. Discuss below.