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(The New York Times)   KPMG has apparently decided not to play Arthur Andersen to Herbalife's Enron, resigns as auditor. With some BS excuse about insider trading thrown in to cover their asses   (dealbook.nytimes.com) divider line 18
    More: Interesting, KPMG, Herbalife, investigation, senior partner  
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1638 clicks; posted to Business » on 09 Apr 2013 at 11:10 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   
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2013-04-09 10:59:13 AM
i.imgur.com

Icahn vs. Ackman: The battle continues...
 
2013-04-09 11:16:36 AM
thier?
 
2013-04-09 11:17:22 AM

show me: thier?


I before E accept after C
 
2013-04-09 11:30:16 AM
Speaking of scam companies: I skimmed a book written by an Amway distributor and according to him Amway nearly ruined his life.

The crux is that he was a high level distributor (Emerald level?) and the people working for him thought he was 'rich' because of the amount of product they were selling for him.

Turns out that only the very top people in Amway make money and they make it not from soap but from forcing their 'sales people' to attend conferences and into buying Amway 'courses' and sales books.

They get a percentage of all the sales plus from the hotels for the rooms and meals.

Ain't that sumptin'?
 
2013-04-09 11:30:46 AM

Cheron: show me: thier?

I before E accept after C


*slaps forehead* Of course!
 
2013-04-09 11:31:51 AM

douchebag/hater: Speaking of scam companies: I skimmed a book written by an Amway distributor and according to him Amway nearly ruined his life.

The crux is that he was a high level distributor (Emerald level?) and the people working for him thought he was 'rich' because of the amount of product they were selling for him.

Turns out that only the very top people in Amway make money and they make it not from soap but from forcing their 'sales people' to attend conferences and into buying Amway 'courses' and sales books.

They get a percentage of all the sales plus from the hotels for the rooms and meals.

Ain't that sumptin'?


Sounds a lot like Scientology.
 
2013-04-09 11:47:18 AM
You got the Night Owl here on KPMG, here with your 'til dawn, spinning stacks and stacks of the hottest wax to keep you movin' and groovin'. Here's Michael Martin Murphey with "Wildfire"... {hits the post}
 
2013-04-09 12:42:12 PM

show me: Cheron: show me: thier?

I before E accept after C

*slaps forehead* Of course!


Or when sounded like 'ay'
as in Neighbor or Weigh

And Weird is just weird.

/Would be more interesting if it were I before E except after three p.m.
 
2013-04-09 12:45:00 PM

douchebag/hater: Speaking of scam companies: I skimmed a book written by an Amway distributor and according to him Amway nearly ruined his life.

The crux is that he was a high level distributor (Emerald level?) and the people working for him thought he was 'rich' because of the amount of product they were selling for him.

Turns out that only the very top people in Amway make money and they make it not from soap but from forcing their 'sales people' to attend conferences and into buying Amway 'courses' and sales books.

They get a percentage of all the sales plus from the hotels for the rooms and meals.

Ain't that sumptin'?


so it's the Scientology business model, basically
 
2013-04-09 12:58:01 PM

show me: Sounds a lot like Scientology.


Magorn: so it's the Scientology business model, basically


Really? With only nine comments to trudge through?
 
2013-04-09 01:13:08 PM
for some reason I read that as a mash up between EPMD and KMFDM... which probably isn't a bad thing.
 
2013-04-09 02:28:25 PM
As a former KPMG employee (tax not audit) fark them.
 
2013-04-09 03:32:28 PM
They get a percentage of all the sales plus from the hotels for the rooms and meals.

How Sheldon Adelson got his billions from Comdex.  And the opportunity to be a dick.
 
2013-04-09 04:15:59 PM

cannotsuggestaname: for some reason I read that as a mash up between EPMD and KMFDM... which probably isn't a bad thing.


Paid in full vs. Money could work. But just adding a little guitar, a little American Psycho, and suddenly you realize it's all part of the racket.
 
2013-04-09 04:29:56 PM

show me: douchebag/hater: Speaking of scam companies: I skimmed a book written by an Amway distributor and according to him Amway nearly ruined his life.

The crux is that he was a high level distributor (Emerald level?) and the people working for him thought he was 'rich' because of the amount of product they were selling for him.

Turns out that only the very top people in Amway make money and they make it not from soap but from forcing their 'sales people' to attend conferences and into buying Amway 'courses' and sales books.

They get a percentage of all the sales plus from the hotels for the rooms and meals.

Ain't that sumptin'?

Sounds a lot like Scientology.


To be fair, the Amway Grand is a splendid hotel.
 
2013-04-09 04:59:15 PM
Did anyone else get whiplash from this paragraph in the article?

In its announcement, Herbalife said it believed its financial accounts for its last three fiscal years remained accurate. But KPMG, citing concerns about its independence, withdrew its audits for those years. KPMG also said that its resignation was in no way related to Herbalife's "financial statements, its accounting practices, the integrity of Herbalife's management or for any other reason."

I didn't know Herbalife worked the way of Amway (lost a good friend to that pie-in-the-sky malarkey)
 
2013-04-09 06:29:15 PM

Omnivorous: They get a percentage of all the sales plus from the hotels for the rooms and meals.

How Sheldon Adelson got his billions from Comdex.  And the opportunity to be a dick.


Is this any worse that Soros making his billions by almost bankrupting the Bank of England AND the opportunity to be a dick too?
 
2013-04-09 07:15:56 PM
I seem to remember Johnny Carson using Herbalife as a punchline to many jokes.  Just can't find any proof.
 
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