Big accounting firms are becoming known for their swanky offices. How else will they woo the best and brightest campus hires unless run-of-the-mill abstract art is hanging on the wall? If you’re on the tax team (something I didn’t have the pleasure of experiencing), enjoy the lap of luxury every day since you’re tethered to […]
If you picked upsets in your NCAA Mens bracket and all the favorites in your GCMMBSSF&BvsT bracket, then you're in pretty good shape today. My hunch is that you went for the opposite strategy.
While favorites Excel and coffee had no problems and the wins by Bagels and Key Shortcuts were very satisfying, the loss by Someone Else's Hotpocket from the Freezer was devastating. DEVASTATING.
Ed. note: With only a week before Christmas, you can't walk into any building without hearing Manheim Steamroller or Michael Bublé blasting through the soundsystem. It's enough to make you want to punch out one of those Salvation Army bell ringers. If you can't beat 'em (and not go prison), join 'em, right? So, in […]
When impersonating an auditor, there are certain distinguishing features and mannerisms that you must employ to successfully dupe your mark. A person rocking banal business casual threads, schlepping a backpack, wearing sensible spectacles, and a tidy haircut works in way of appearance. As far as behavior is concerned, generally speaking, you should always try to […]
Green Mountain Coffee Roasters Inc. […], maker of the single-serve Keurig brewing machine, fell to the lowest in seven months after hedge fund managing director Whitney Tilson said there may be potential for accounting fraud at the company. Green Mountain fell 10 percent to $58.19 at 1:07 p.m. in New York, after dropping to $56.19, the lowest intraday price since March 10. The shares lost 22 percent in the week before today after David Einhorn, the president of Greenlight Capital Inc., said the company has a “litany of accounting questions” and needs to improve its transparency. [Bloomberg, Earlier]
“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]