Word: firmness
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Accounting, I admit, is not the normal stuff of true-crime drama. But among accused finaglers walking perplike into court, former bean counters at accounting firm KPMG have more cause than most to question White House tactics against financial fraud...
Joseph Grundfest, a Stanford Law School professor, attributes a recent drop in shareholder lawsuits to aggressive government enforcement following the Enron fraud. But others say Grundfest discounts more likely causes: a relatively steady stock market and the criminal investigation of the law firm that files most shareholder suits. And even if he's right, a strategy of criminal prosecution is still a bad idea...
Consider KPMG. From 1997 to 2001, the firm sold four types of shelters that helped clients avoid taxes by doing things like putting income temporarily in a tax-exempt entity. The transactions were so complex, it was hard to see a purpose other than skirting taxes. Although the IRS ruled them potentially improper in 2000, experts disagreed about their legality...
...College and author of The Paradox of Choice. "There's a restless dissatisfaction that comes from always wondering if there's something better out there," he says. Indeed, more than half of global executives wish they could start over in a different career, according to a survey by search firm Korn/Ferry International. "People define their work as a job, a career or a calling," says Schwartz. "Jobs are to support yourself. Careers today require a lot of hopping. If we're lucky, we wind up with a calling...
...hope that something strikes large in the company," he says. Perhaps it will be Pressler. MobiTV outsourced the design of a demo it needed for a consumer-electronics show, and over two months the Manhattan-based firm that got the job produced many designs. But one that Pressler did for another product beat them all. "That was my shining moment thus far," he says...