They don’t want their accountant doing as little as possible.
By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting
One time I had three clients who were on the board of directors of the same NYSE-listed company. Two of them questioned every bill and every hour spent, and their fees were fairly low for people of that caliber. The third person did not seem to care what he paid, and his fees were quite high. Let me call him Jack.
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Jack also wanted to have lunch with me about twice a year. There was no special agenda. He just wanted to talk about how he could get richer and whether I could come up with anything that might help his company. We ate in the company’s private dining room – just him and me and three people waiting on us. The only thing I remember about the food was that at the beginning of the lunch we were served a wheel of brie cheese measuring 10 or 12 inches in diameter, and he proceeded to eat almost all of it.
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