January 28, 2002 |
PricewaterhouseCoopers, the largest accounting firm, said Scott Hartz resigned as chief executive of its PwC Consulting arm and was replaced by Thomas O'Neill, formerly the firm's chief operating officer. O'Neill's appointment was made by Samuel A. DiPiazza Jr., Pricewaterhouse's global CEO, said Sehra Eusufzai, a spokeswoman for the firm. Eusufzai said she didn't have information on the reason for Hartz's departure.
May 12, 2001 |
PricewaterhouseCoopers Chief Executive Jim Schiro, 56, will retire as soon as a successor is found, the world's largest accounting firm said. No reason was given by the company for Schiro's departure. Schiro said earlier that "the timing was right." Mandatory retirement age for the firm's partners is 60, the company said. The process of finding a successor will take six to nine months, a spokesman said.
November 2, 2000 |
Hewlett-Packard Co. is facing the first rumblings of investor dissent against Chief Executive Carly Fiorina. The No. 2 computer maker said last month that it is in talks to buy the consulting business of PricewaterhouseCoopers for $17 billion to $18 billion. Investors have grown increasingly jittery about the possibility and say it would be the wrong move.
September 12, 2000 |
Hewlett-Packard Co., the largest U.S. computer company after IBM, is preparing to follow its bigger rival to the softer side of technology by spending up to $18 billion to buy the management consulting arm of PricewaterhouseCoopers. Hewlett-Packard confirmed reports Monday that it is in advanced talks to acquire the management and information-technology consulting business from the Big Five accounting partnership.
August 29, 2000 |
Andre "Dr. Dre" Young rose to fame as a rap star chronicling the exploits of outlaws on the inner-city streets of Compton. But the Grammy-winning hip-hop star said in a lawsuit those gangsters can't hold a candle to PricewaterhouseCoopers, the Big Five accounting firm he contends ripped him off for more than $20 million. The firm denies any wrongdoing. "They stuck it to me big time," said the burly rapper, who co-founded the Death Row record label.
December 10, 1999 |
The Treasury Department effectively shut down a corporate tax- shelter arrangement being marketed by major accounting firms. The arrangement is marketed by PricewaterhouseCoopers and other Big Five accounting firms under the acronym BOSS, or bond option and sales strategy. Under BOSS, a foreign corporation is formed and two partners contribute money in return for stock. The corporation also borrows money from a bank with a guarantee of additional securities equal to the loan.
September 7, 1999
Opus West Corp. has signed accounting firm PricewaterhouseCoopers to a 10-year, $22-million lease for more than 69,000 square feet of space on three floors at Opus Center Irvine, a 12-story, 267,000-square-foot office tower at Main Street and MacArthur Boulevard in Irvine. The move will consolidate the accounting firm's two Orange County locations at the new office building, which is scheduled to open in October.
May 27, 1999 |
Coopers & Lybrand agreed to pay more than $108 million for its role in the affairs of the late media baron Robert Maxwell. Coopers & Lybrand, which merged with Price Waterhouse in 1998 to form PricewaterhouseCoopers, was the auditor for Maxwell Communication Corp. Maxwell disappeared from his yacht in 1991 under mysterious circumstances. Earlier that year, his empire collapsed.