The two P. Dubs-India partners rotting in a prison because, according to them, we’re duped by the geniuses at Satyam, got their vacation extended to August 19, according to The Business Standard. We have no idea if India’s prisons are the PMITA variety but at the very least, it’s crazy-ass hot.
Hyd court extends Raju’s remand till August 19 [The Business Standard]
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Grant Thornton’s Latest Survey Reminds Everyone That Your Chances of Getting Another Job Are Still Pretty Slim
Grant Thornton’s national survey of financial executives shows that only 1 in 4 plan to increase hiring in the next six months. That’s not great news but what’s perplexing is that the meaningless highly regarded Grant Thornton LLP Business Optimism Index basically told us the same thing less than a month ago.
Does GT really have to repeat the obvious message that no one wants to hear? We get it. No one can leave their job that they hate for another job that they’ll hate less right now because no one is feeling spendy on new employees.
Oh but GT isn’t purely a purveyor of bad news. Only 10% of the financial bigshots surveyed expect things to get worse. Which is a relief but not particularly interesting since the Business Optimism Index pretty much said the same thing.
It appears that GT is hellbent on reminding everyone that while things certainly can’t get any worse, they’ll probably remain craptacular for the foreseeable future. Keep up the solid work GT, we’re looking forward to next month’s reminder.
National survey of senior financial executives finds only 1 in 4 plan to increase hiring in next 6 months [Press Release]
Your Nominations for ‘Accountants of the Decade’ Are Now Being Accepted
Friends, you may not be aware of it but the current decade is closing fast. This means several things, a few of which are worth mentioning here: 1) Many of you will embark on this new decade inching ever closer to your first mid-life crisis 2) Many of you will enter a new decade and still not have your CPA despite posing as one for the last 3 – 5 years. 3) Ubiquitous “[insert anything here] of the decade” lists.
Now you may also be aware how we here at GC feel about lists. Not typically a fan. However, considering the historical significance of the end of the ‘0Xs (what the hell is this decade called?) and the fact that we don’t feel like working too hard today, we will now request your nominations for the “Accountants of the Decade”.
We’re looking for those CFOs, CPAs, etc. etc. that defined the decade for you, for better for worse. One possible nom is the man you see pictured here, the oddly stunning yet diabolical Andy Fastow. If you’re not familiar with AF, then please slap yourself.
A few things: 1) No obscure nominations. Your Intermediate Accounting Prof who was constantly eating star mints and wore warmup pants to class doesn’t count. Celebrity CPA Review instructors, on the other hand, are acceptable. 2) CFOs in form but not in substance are acceptable (e.g. Erin Callan). 3) Don’t blow this off. It’s important.
So fire away, and feel free to make an argument. If you’ve got a favorite picture with your nomination, kindly pass it along and we’ll include it if we end up putting this to a vote. We’ve got less than three weeks until the ball drops so get on it.