Consultants: time for disclosures.(Other Views)

Pensions & Investments, August, 2004 by Findlay, Gary W.

Byline: Gary W. Findlay The consulting community's reactions to the long overdue Securities and Exchange Commission look at consulting firm practices has been fascinating, as has been the volume of press this issue has generated. Equally fascinating have been the "letters to editors'' of industry publications, together with letters to clients from high-profile representatives of the consulting community, most of which appear to be directed at rationalizing present practices.

If there is a common thread in the messages from many of the consultants, it's this: "It's high time for this ox to be gored - just be sure it's someone else's ox.'' A case in point is the letter to the editor titled "Consultants ask managers to take a stand'' in the April 19 issue of...

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