Trouble at Leon’s

Posted by & filed under Accounting Careers, Succession Planning.

Description: ¬†Succession issues can pose a serious problem with family owned businesses. It seems that this is the case at Leon’s furniture where family members are now feuding over ownership of a certain class of shares. A complex series of trust arrangements appears to be a central issue as a widow of one of the… Read more »

King of the bonds loses kingdom

Posted by & filed under Accounting Careers, Accounting Theory, Contemporary Business Issues, Financial Reporting and Analysis, Succession Planning.

Description:¬† Bond King Bill Gross has resigned from the firm he founded. Gross left Pimco – Pacific Investment Management Co. – after a number of months of apparent internal struggles. Gross had been the face of the firm for over thirty years. But now his pictures have disappeared from the company website. The firm’s new… Read more »