Don't start nothing, won't be nothing.
Posted on 06/02/2004 5:19:18 PM PDT by ETERNAL WARMING
Companies don't pay taxes. Their customers pay the taxes...
Don't start nothing, won't be nothing.
Like you?
We will all be speaking Bermudan and wearing ugly colorful shirts within a generation.
"Bermudan Menace", Global Warming?
read later
It's been like that for quite a while.
It's like people don't want to read anything not found here. Who doesn't know that Anderson and Accenture have been separate entities for years?
People seem to be waking up and saying "How can I lose my freakin' mind today?" It's the freakin INTERNET; why don't people just use Google before going off?
I mean, DAMN.
It's an American company that changed the name on the address in order to get around tax laws. I say more power to them.
I've had the stock since the spin off from Arthur Andersen. Fortunately for ACN, they lost out on being able to use the AA name, otherwise the confusion over the company being one and the same as AA would be even greater than it appears to be, by the looks of some of the posts on this board. Gee, all this time and I thought I owned shares in an american company, come on folks, do your homework, will you. By the way, the 10 billion dollar contract is to be shared with a few other companies, such as Dell, for one.
Eurotwit, that may be why the stock didn't move much on the deal, that and the possibility that the contract could end up being a money loser for Accenture (take a look at the problems EDS has been having with a navy contract).
Arthur Andersen and Andersen Consulting had an acrimonious divorce during the internet boom, complete with a major lawsuit over the name "Andersen." Accenture and Arthur Andersen were two separate (and at-war) companies by the time Enron came around.
Oi Vey.
Haha...agreed. That would be the "AHHHHTHESKYISFALLING! Crowd"
Accenture Board of Directors
http://www.accenture.com/xd/xd.asp?it=enweb&xd=aboutus\governance\directors\governance_directors.xml
On Jan. 1, 2001, the company changed its name to Accenture (from Andersen Consulting) as the result of an arbitrator’s decision in August 2000 that severed the contractual ties between Accenture and Andersen Worldwide Société Coopérative (AWSC). Accenture then launched one of the largest and most successful re-branding campaigns in corporate history. The new name reinforced Accenture’s new positioning and reflected the organization’s further growth and broadened set of capabilities.
If you wanted to reduce your tax bill you spoke with the experts in the Tax Practice at Andersen, not with anyone from Andersen Consulting. Andersen Consulting was involved in designing and implementing managment information systems. Their contracts with clients would be multi-yer, multi-million dollar projects. Andersen Consulting was very good at selling their services, and their success was an instrumental factor in the culture shift that led to the collapse of Arthur Andersen, the accounting company.
In the early 1990's Andersen Consulting started to earn more income than Arthur Andersen's accounting business, but the accountants had a larger number of partners and were distributed a greater share of the combined earnings. The consulting partners began to argue for a larger share of the combined earnings and for greater say in the management of the firm. This put pressure on the audit and tax partners to increase revenue. Delivering quality audit and tax services were no longer enough if you wanted to advance professionally in the audit and tax practices. You had to sell additional services to your clients, and the types of services you were expected to sell tended to compromise Andersen's independence as auditors.
In 1998 the differences between the accountants and the consultants could not be resolved, and Andersen Consulting paid Arthur Andersen about $1 billion to become independent and it gave up the rights to use the name Andersen Consulting, hence it became Accenture. Meanwhile Arthur Andersen, the accounting firm, had compromised its standards, and it was only a matter of time before an Enron type scandal rose and sunk the firm.
This is an oversimplification of events, but it covers the high points, or rather the low points. The saddest part is if the accountants and consultants could have resolved a few of their differences they could have spun off Andersen Consulting in a multi-billion dollar IPO that would have made all partners substantially more than they earned from the break up.
I'm fully aware of the evolution of Accenture, thanks.
Here is justification for a national draft. Put the draftees on the border, what argument can you express about defending your Country's borders?? (Am sure some can)
You are obviously trying to bait people into an argument. It is so transparent. Carry on.
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