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Vault Message Board: BearingPoint

Topic Name: Why Do We Stay?
Message Name: sign
Date Posted: 01/12/2006
In Reply To: Why do I stay, even though I was here back when raises were large Partners ruled: I stay because the opportunities to grow your career are still available. *IF* you grow, and I have grown revenue, you will be promoted and recognized. I stay because despite what people think, at least in my area, our salaries are among the highest of our competitors and raises are average of our competitors. I stay because their is some autonamy as to how you run your business. I stay because there is no glass ceiling and you do not need to wait for someone to retire before moving ahead in your career. I stay because I like the people I work with. I stay because I knew BearingPoint didn't know how to go public properly and there would be some huge issues. But, I believe if you have a long term focus, the company would be allright. We still have a lot of smart people doing a lot of the right things for clients and that, in the long term, will work out for us. I stay because Harry You is making tough decisions that employees don't like over the short-term, but if you have a longer view of the World, will benefit us in the end. I stay because the grass is always greener. I am not an apologist for BearingPoint. They have screwed things up royally. They have made bad decisions and, for the most part, do very little to incentize employees right now. Additionally, the benefits - while not horrendous - are not great. But I've worked for enough other companies to know there is no perfect situation. And while the company has issues, they have a structure that I like to be a part of.
Message: That might be the reason (if it is true) why the auditors reject to make a will. Sure customers will line up, to make huge long term projects with a system integrator unable to integrate its own system, unable to file for years and accused with accounting fraud, while they know that consultants/mangers are not that what one would call happy and may leave soon. http://finance.news.com.au/story/0,10166,17809747-31037,00.html THE former head of BearingPoint Australia Pty Ltd, Cameron John Morris, has been charged with fraud, ASIC says. Morris was not required to enter a plea when he appeared in Melbourne Magistrates Court yesterday charged with ten offences following an investigation by the Australian Securities and Investments Commission (ASIC). Morris, of Southbank, is a former director of BearingPoint Australia, an IT company. Morris was allegedly involved in the falsification of financial books and records between April 2003 and February 2005, and gave false or misleading information to ASIC and auditor PricewaterhouseCoopers, ASIA said in a statement. Morris also allegedly made or authorised a statement in the 2004 annual report that was materially false or misleading and that the former director failed to discharge his duties in good faith and in the best interests of the corporation. Morris had taken indefinite leave from his new position as a consultant for PA Consulting Group, company spokeswoman Emma Louden said in a separate statement. Advertisement: <A HREF="http://mercury.tiser.com.au/adclick/CID=00000a571fd38e6800000000/acc_random=1589048/SITE=NBUS/AREA=NEWS.BREAKINGNEWS/AAMSZ=300X250/pageid=90367312"><IMG SRC="http://saturn.tiser.com.au/images/C1_TheBoss_300x250.gif" ALT="" WIDTH="300" HEIGHT="250" BORDER="0"></A> "The charges relate to Cameron's time at BearingPoint Australia. PA notes that he has been charged but not convicted. PA can make no further comment until ASIC has completed its investigation," she said. The case was adjourned until March 9.

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