I’m starting to get interesting emails, from folks who may or may not have their own agenda, but who certainly know more about some things than I do. A little while ago, after writing about the BDO litigation, I received an email from someone who had quite a bit of information and very strong opinions […]
Next stop, lawsuit. Did KPMG already sign off on the pre-conversion financials? Déjà – Deloitte? Ace Hardware finds accounting shortfallLikely will have to restate 5 years; calls off plan to convert to for-profit Ace Hardware Corp. discovered an approximately $154-million shortfall on its books while preparing to convert from retailer-owned cooperative to a for-profit corporation […]
Breeden Wins! Now he’s got to deliver. Breeden to join board of H&R Block Richard Breeden, the former SEC Chairman turned hedge fund manager, has won his proxy contest against the management of tax preparer H&R Block. While official tallies of the shareholder vote have yet to be confirmed, it appears that Mr. Breeden and […]
Some folks never learn. Or maybe they have learned – how to deflect attention and keep doing what they want to do, in spite of the obvious need for change and new blood. One of the first posts I wrote, almost a year ago, was about the connections between Computer Associates, (or CA as they […]
Senator Charles Schumer has a lot of nerve. He also has a strong belief that the US public is naive and gullible. At best, it’s comical that Senator Schumer is demanding action on the sub prime crisis from the accounting firms. After all, they pay him to protect their interests, not the other way around. […]
Neil McIntyre, CA-in-Waiting and Canadian boy-wonder blogger, wrote a post recently called, Sucks To Be Seidman. Neil is feeling this crisis personally and, if his picture wasn’t so darn cute, I would worry he was verklempt. Reasonable assurance is neither reasonable nor assured. Discuss. Neil says: “By now, the verdict in the BDO Seidman lawsuit […]
