Word: coster
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Dates: during 1940-1949
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...late F. Donald Coster (Philip Musica) of McKesson & Robbins always took a close personal interest in his auditors, Price, Waterhouse & Co. He first hired the firm in 1925; used their audits to get respectable banker backing; always saw that the sales and inventory records (i.e., pieces of paper) of his fictitious crude drug department were in A-1 shape...
When the truth about the crude drug fantasy was first announced, a Price, Waterhouse man exclaimed, "Why, that's the best-run department in the business." Wrote Coster to Price, Waterhouse in 1936: ". . . Only in auditing [has] our company really got its money's worth." During the two years since McKesson's receivership and Coster's suicide, McKesson (under Trustee William Jed Wardall) has made gradual progress toward reorganization. One of Trustee Wardall's jobs is to recover assets; one source of recoveries was Coster's board of directors, who gave him enough votes...
Last week, in spite of all, Price, Waterhouse came to terms with the trustee. Of their $1,000,000-plus fees from the old McKesson, they offered to repay $522,402.29-the total of their fees from 1933 to Coster's suicide. Mr. Wardall submitted the proposal to the court, expected approval this week. Price, Waterhouse, meanwhile, whose auditing standards have been more rigid since Coster's death, prepared to send the bill for most of the $522,000 to their insurers, Lloyds...
...whom paid their own expenses, were assigned to General Headquarters as fast as their equipment could be got ready. When the Germans broke through along the Meuse, some were given emergency jobs evacuating women and children. One group of four American Field Service men, led by Donald Q. Coster* of Montreal, last week despite warnings dashed back into Amiens for another rescue, fell into the hands of advancing German tank units. A second, part of the American Volunteer Ambulance Corps's John J. Pershing Section, answered Anne Morgan's urgent call for help in evacuating civilians from...
...Last winter he inserted advertisements in Montreal papers stating he was not imposter F. Donald Coster of McKesson & Robbins fame...