Friday, March 23, 2007

PwC's Chair Talks to WSJ

PricewaterhouseCoopers disclosed its financial results the other day, the first time the U.S. branch of a Big Four firm has done so. Chairman Dennis Nally sat for an interview with The Wall Street Journal which, in addition to a meaty discussion about the disclosure, noted:

The son of a Federal Bureau of Investigation agent, Mr. Nally was born in Washington, D.C., and went to college at Western Michigan University in Kalamazoo, deciding on a career in accounting during his senior year. An avid boater, Mr. Nally keeps a 44-foot powerboat in Florida, which he calls his biggest extravagance.

Nally told the Journal that PwC distributed between $1 billion and $1.4 billion in profits among its 2,069 partners.

Accounting's Crisis Killer [WSJ - $]

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