“Bob Herz led the FASB during the most challenging time in its history,” said Grant Thornton LLP CEO Stephen Chipman. “He has been a tireless leader with an unwavering focus on the users of financial statements and we are grateful for his service to the profession and wish him well in his retirement. We also extend our congratulations to Leslie Seidman as she takes up the mantle as acting chairman and stand ready to help her and the FASB establish accounting standards that are right for the marketplace and for the dynamic organizations [Ed. note: they're part of the new strategy, as you may recall] we serve.”
Trite statement as it may be, at least SC said something (we're looking straight at you Veihmeyer, Moritz, Salzberg, Howe).