Word: spacek
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...board's changes in "generally accepted accounting principles" must explain their deviations to stock exchanges and government regulatory officials. Although the board's aim was to eliminate abuses that have been much criticized on Wall Street, some accountants are upset over the outcome. Last week Chairman Leonard Spacek of Arthur Andersen & Co. condemned the new pooling rule as "highly discriminatory and completely unacceptable." One effect of the furor is to raise questions about the whole practice of accounting. If accountants themselves disagree over proper ways to keep books, critics complain, how in the world can investors tell whether...
...breakwater in nine hours, met a strong southwesterly tide and was three hours covering the next two miles, finally waded ashore between Dover and Folkestone after 13 hr. 29 min. Twenty-third to complete the channel swim, Blower was 2 hr. 45 min. slower than the Bohemian mechanic, Venceslas Spacek, who set the record in 1927, 1 hr. 2 min. faster than the 1926 mark of Manhattan's Gertrude Ederle who was the first woman to swim the Channel...