Nineteen individuals have proven their passion for the business of accounting (as well as an intrepid attitude towards liability) as G to the T admitted new partners and directors effective August 1.
The press release is your standard trite lexicon but we can’t help but notice GT taking the opportunity to slip in their favorite moniker, “Global 6 accounting organization” or a derivative of such. GT is bound and determined to get this to catch fire even though no one outside of the GT press team has probably uttered the phrase.
Grant Thornton LLP admits 19 new partners and principals to the firm [Press Release]
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BDO, Looking to Spread Out Some Liability, Admits New Partners
- Caleb Newquist
- July 1, 2009
As you probably know, BDO Seidman is having a rough year. Tax shelter prosecutions and trials for the International Global Coordination firm that now falls on the U.S. make for some big liability exposure.
The obvious solution to this conundrum? Spreading the love!
BDO Seidman, LLP, is pleased to announce that 10 new partners have been admitted to the partnership, effective July 1, 2009. Five of the new partners are in the tax practice, four are in the assurance business line and one is in BDO Consulting. BDO Seidman, LLP is a leading national professional services firm providing assurance, tax, financial advisory and consulting services to private and publicly traded businesses.”I am very proud to welcome each of these very deserving individuals to our partnership,” said Jack Weisbaum, CEO of BDO Seidman. “The key to maintaining momentum in our profession is a commitment to recruiting, training and retaining superior client service professionals. Each of these new partners is an example of our commitment to human capital development.”
What are the chances that these new partners are some of the most hated people in the firm? C’mon, $520 million judgment hanging out there, the bigwigs have to be thinking, “well, as long as we’re screwed, we may as well stick it to some people within the firm we don’t like.”
Congrats to the new partners!
BDO Seidman, LLP, Admits 10 New Partners [BDO Seidman Press Release]
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New Accounting Firm Merger Challenge
- Caleb Newquist
- August 17, 2009
We read about an accounting firm M&A specialist who is predicting what he calls a “mega-merger” between two of the top 25 firms. Since this guy is probably getting greased on the deal we’ll take him at his word but unfortunately he’s not naming names.
So for the pure sport of speculation, we need your best and worst guesses of what firms will be getting together and what the new combined firm will be called.
We’ve taken the liberty of listing the top 25 firms for you:
The list, after the jump
• Deloitte
• PricewaterhouseCoopers
• KPMG
• Ernst & Young
• BDO Seidman
• Grant Thornton
• RSM McGladrey/McGladrey & Pullen (divorce nothwithstanding)
• CBIZ/Mayer Hoffman McCann
• Crowe Horwath
• BKD
• Moss Adams
• Plante & Moran
• Clifton Gunderson
• J.H. Cohn
• UHY Advisors
• Reznick Group
• Virchow, Krause and Co.
• Dixon Hughes
• LarsonAllen
• Marcum & Kliegman
• Rothstein Kass and Co.
• Weiser
• Eisner
• Eide Bailly
• Wipfli
Try to use your number crunching brains for some creative combinations. Call your friends in marketing if necessary. If we get enough good suggestions, we’ll put together a poll to vote on the best.
We’ll get it started: Hughes Dixon Moss
Think about it. Work with us people. Just charge your time to an administration code, it’ll be fine.
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Is Patrick Byrne’s Facebook Friends List Motivated by a Farmville Obsession?
- Caleb Newquist
- December 15, 2009
We haven’t really touched on the Patrick Byrne’s ill-fated attempt to stalk his critics (and all their friends, acquaintances, and complete strangers) mostly because we weren’t on the list and those that were (including Gary Weiss, Sam Antar, Joe Wiesenthal, and Barry Ritholtz) are doing a fine job of pointing out how desperate, shady, and just plain fucking bad this makes Patsy, his head minion at DeepCapture Judd Bagley, and Overstock look.
We only bring it up now because we’d like to point out that it’s worth speculating on the other side of this story. Our contention is that P. Byrne, being of questionable mind and maturity, is OBSESSED with Farmville and it is his personal mission to destroy the Farmvilles of his critics and their FB friends (now who’s movin’ up in Farmville, bitches?).
This agonizing torture method will eventually wear down the haters to the point to where no one will be able to take the man, his doomed-to-fail quest to locate an auditor, and his company seriously and will thus give up their quest of destroying him.
The only other thing we can come up with is that he has an intense hatred of trite status updates and was going to expose everyone for their lack of substantive commentary but we find all his critics to be interesting bloggers, so we tossed that theory.
Grant Thornton and PwC have got to feel pret-tay good about how this all turned out. If you’ve got you own theories or thoughts on this situation, feel free to discuss them here.