Word: marwick
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...companies typically invest $1 on acquisitions abroad for every $3 they spend at home, an astonishing ratio considering that the equivalents for France and Japan, runners-up in the takeover league, are 1 to 16 and 1 to 79 respectively. A survey of cross-border takeovers by KPMG Peat Marwick accountants last year showed that British companies spent four times as much on foreign takeovers as their nearest rivals from France and Japan. Nowhere is this activity more evident than in the U.S. The U.S. Commerce Department puts total direct foreign investment in the U.S. at $390 billion, of which...
...negligence or complicity, helped cause the S&L disaster. The Government has filed ten lawsuits against the country's biggest accounting firms, totaling $2 billion, and that figure is expected to rise dramatically. Gripes Joseph Mauriello, a partner with the second largest accounting giant, KPMG Peat Marwick: "They are going after us because we've got the big pockets...
...Peat Marwick Main...
...could put a woman on a slow track for a whole career, even though the critical child-rearing years constitute only one brief phase of her life. Says Jayne Day, mother of a six- year-old daughter and a partner in the Manhattan office of the accounting firm Peat Marwick: "How, at age 25, is anyone going to make a personal decision about what track to be on? Firms need to be more open and flexible...
...speaks from experience. At Peat Marwick, Day worked part time for two years, starting in 1984, when her daughter Jacqueline was one year old. After Day resumed her full-time duties in 1986, she was promoted to partner. Says Day: "If the Mommy Track becomes a slower track for certain periods in your career, well, I am willing to accept that. What I am not willing to accept is that it totally turns off my options later to get back on track...