Word: peated
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...issue is who should be held most accountable for detecting and disclosing management fraud. The debate has heated up since the 1982 failure of Oklahoma's Penn Square Bank and the subsequent near collapse of Continental Illinois Bank of Chicago. Litigants are asking at least $400 million from Peat Marwick for its alleged failure to predict the Penn Square debacle. Then came the 1985 furor over E.S.M., the Fort Lauderdale Government-securities firm, amid a scandal that involved massive fraud. E.S.M.'s auditor, Chicago-based Grant Thornton (formerly Alexander Grant), has reportedly since been slapped with some $1 billion...
...Contrast different companies within one field: Peat Marwick & Mitchell or Price Waterhouse in accounting; Bowles vs. Ogilvy & Mather in advertising...
...Peat Marwick & Mitchell...
...knew better than to insult the family I stayed with by spouting trivialities rooted in popular culture. By treating everyone I spoke to as my equal I was able to learn amazing things about country life. For example, I had no idea fried peat moss is a delicacy to be washed down with a steaming mug of Junior's yellow country elixir prepared in the backyard shed. Really, my hosts were too kind...
...Peat, Marwick, Mitchell...