Herbalife Ltd. is making progress in its search for a new accounting firm, executives said during a conference call with analysts Tuesday. The Los Angeles nutritional products company was forced to hire a new accounting firm after KPMG resigned earlier this month because one of its senior partners was accused of insider trading in Herbalife stock. The search for a new firm began the day after KPMG's resignation and "has been moving quickly and is nearing completion," Herbalife Chief Financial Officer John DeSimone said. [LAT]
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Rumor Mill: KPMG Wants You To Stop Smothering Your Kids
- Caleb Newquist
- October 22, 2009
Klynveldians, what are you doing today at 2 pm? Nothing? Here you go:
As we continue to observe National Work & Family Month during October,
KPMG will host a national MSO from Lifeworks entitled Being an Involved
Parent: How Much Is Too Much? on Thursday, October 22, from 2:00 p.m. –
3:00 p.m. ET.
This special session is designed to help parents:
§ Understand the traits of overly involved parents
§ Learn the long-term consequences of over-involvement
§ Identify strategies for raising self-reliant, resilient children
§ Find a balance of involvement that will help children ultimately become
independent adults.
If you’d like to join us for this session, be sure to sign up today!
Don’t have kids? No worries. This will load up your queue of excuses for why you’re working late after you enter parenthood.
What Should Lynne Doughtie Do First as KPMG’s CEO?
- Caleb Newquist
- April 21, 2015
As you know, KPMG has elected Lynne Doughtie as its next Chairman CEO, the first […]
Bonus Watch ’10: More Evidence That Promotions at KPMG Don’t Pay Like They Used To
- Caleb Newquist
- June 17, 2010
From somewhere deep in the heart of Texas:
KPMG Dallas senior associate promotion bonus: $650 before tax. That’s down from $800 last year. Bullshit.
For those of you that don’t have a 10-ky handy, that’s a 19% drop. This correlates with the news from last month that the 1.25% for the summer bump and then a little follow up at fiscal year end.
Another source is seriously unmoved and makes an interesting point, “The bonus hardly pays for the charcoal so we can cook our Omaha Steaks.”
And just for the record, the freshly minted SAs get their new titles officially on July 1 but they should be comfortable correcting colleagues, family and clients for the next two weeks. Keep us updated.
UPDATE: Advisory out of NY chimes in:
KPMG NY Advisory Senior Associate announcements are being made by performance managers. Bonuses are a staggering $150 more then Dallas, thats $800 or 5.3% of the average salary here when annualized. I don’t dare think of what that comes to hourly with our SAS70 and Audit support busy season coming into swing.