November 20, 2018

Bonus Watch ’12: Grant Thornton Auditors Who Manage to Ignore Their Wicked Impulses

Question for the auditors in the crowd – have you ever come across a nefarious situation in your career and thought, "You know, if doing the right thing were to pay better than doing the wrong thing, I'd walk away from this client in a second."?  

Of course you have. That's pretty much the norm in the contemporary age of a capital market servitude. Well, Grant Thornton International CEO Ed Nusbaum aims to change that. Eddie believes that auditors can still "do more" and to think otherwise is a "cop-out." Of course sometimes "more" requires "more." Luckily, the Baumer can address that as well:

“I have given very substantial bonuses to people for walking away from a potential problem,” he said during a stop in Toronto for an event at Grant Thornton’s Canadian operations. “This was very well received. Paying bonuses for doing the right thing is as important as paying bonuses for any part of the business.”  

Doing the right thing is hard. Being bribed to do the right thing will be a little easier. Doing the right thing for a bonus will be a little easier. 

'Cop-out' to say auditors can’t do more: Grant Thornton CEO [NP]

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Grant Thornton and the Antichrist

al pacino_devil.jpgIt’s rather mysterious that the New York office of Grant Thornton is located at 666 Third Ave. As I’m sure our more pious readers know, the significance of the 666 is commonly known as “The Number of the Beast“. We won’t get into any more specifics than that other than to mention that it is a pretty creepy-ass looking number.
Is G to the T run by a secret group of Al Pacino-esque figures that are working against the forces of good?
Maybe not but the otherwise boring-assness of that particular lobby is def working too hard to not be noticed…