“I believe the available market is smaller than the bulls believe it to be and that Green Mountain has already penetrated a good chunk of it,” Einhorn, president of Greenlight Capital Inc., said today during his so-called “GAAP-uccino” presentation at the Value Investing Congress in New York. “The market is limited,” he said. The company also has a “litany of accounting questions,” Einhorn said, adding that it has reduced transparency and needs to improve disclosure. [BBW]
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Single Fat Accountant Also a Bit of a Hypocrite, Watches Royal Wedding
- Caleb Newquist
- May 2, 2011
A couple of weeks ago, the Single Fat Accountant was suffering from a serious case of Kate and Willy envy. He had called for a blackout of all the Royal Wedding festivities but because he is A) fat; B) single and C) and accountant, the nuptials went on as planned.
Realizing the futility of the situation, SFA eventually succumbed to the pressure of being of loyal British subject (or maybe a party-pooper of a boss) and turned on the teevee to watch the historic event.
Realizing that he might catch some flak for this flip-flop, our hero felt the need to explain his actions:
I was feeling left out by not watching TV. I felt I was going againt the odds with the large proportion of people. It just felt wrong not to watch the wedding. Though my views in previous blog remain unchanged. I am thinking what this says about me:
• I like to belong rather than be the odd one out
• I am bit of a hypocrite!
• I am not strong enough to be an independent thinker.
• I just wanted to see how Kate looked! She looked great.
Kate did look lovely (and catching glimpses of Pippa was a nice bonus) but I can’t help but feel that SFA is buckling like a cheap belt here. On the other hand, it’s conceivable that our fat, lonely friend may have been thrown out of his country had he not complied. If anyone wants to weigh in – being supportive or sharing their own tale of Royal Wedding fever – feel free to do so now.
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The 2022 Bloomberg Tax Author Awards Celebrate the Pinnacle of Tax Intelligence
- Alain Saffel
- May 16, 2023
Once again, in what can only be described as an attempt to market its tax […]
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Apparently Ernst & Young Doesn’t Buy the “C’s Get Degrees” Mantra
- Caleb Newquist
- May 6, 2010
We know that lots of you out there are perfectionists, so this could never happen to you but for you mere mortals, you can sympathize a little bit.
Courthouse News Service reports that a class action suit in California has been filed against E&Y claiming that the contracts signed by graduating seniors “compel” them to work for the firm but allow the company “to legally renege or cancel the offer of employment” if the senior does not maintain “continued strong academic standing.” Apparently this means if you slack off your senior year and slip a couple of C’s in there, you could be out on the street.
Yunjung Gribben, 43, is the named plaintiff in the suit and she is seeking damanges for wrongful termination, age discrimination, breach of employment, specific performance and violations of the Labor Code.
Ms. Gribben claims that she graduated from Cal State Fullerton with a 3.6 grade point average but, “After working for Ernst & Young for a month, Gribben says, she got a call from human resources, questioning her about the C’s she got in her senior year. She says she was fired the next days [sic].”
She claims that “continued strong academic standing” was not defined in her contract, although she admits that there is a “hazy reference” to the term on the firm’s website.
Dale Fiola is representing Ms. Gribben and he us, “No student should be under the impression that they have an employment agreement once they graduate. Most of the time when people sign offers of employment they think they’ve got something.”
The suit alleges that other students have cited the “continued strong academic standing” language and in Ms. Gribben case, “younger employees were allowed to stay at the company.”
Ernst & Young spokesman Charlie Perkins had no comment at the time our post was published.
Class Sues Ernst & Young Over Contract [Courthouse News Service]