Accounting Updates Part 2 Southern Gas Association Accounting & Financial Executives Conference April 28, 2003 Robert E. (Bob) Jensen Trinity University San Antonio, TX 78212 http://www.trinity.edu/rjensen/. Auditors—the CPAs.
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Accounting Updates Part 2 Southern Gas Association Accounting & Financial Executives Conference April 28, 2003Robert E. (Bob) JensenTrinity UniversitySan Antonio, TX 78212http://www.trinity.edu/rjensen/
In a separate case in late September, a judge's divorce ruling unsheathed guarded financial information about accounting firm Ernst & Young, which is a private partnership that does not file public financial reports.
In divorce papers for Ernst & Young chief executive officer Richard S. Bobrow, a 45-page judge's opinion revealed how much the CEO was paid and put a dollar value on the company for the first time, giving competitors a rare peek into the firm's finances.
$25 million in salary $US29 million in partnership earnings over the next decade.
Pension worth $1 million a year for life and had access to a corporate jet owned by Ernst & Young and a New York apartment.
$ 24 million to Janet Bobrow
“Jan Bobrow, the ex-wife of Ernst & Young CEO Richard Bobrow, says she would have settled their divorce for a little more than $2 million. Richard Bobrow offered $1.2 million.” USA Today, October 15, 2002
IPO Favoritism: Bernie Ebbers ($11 million)
Spirit of Transparency
Culture of Accountability
People of Integrity