Difference between revisions of "PricewaterhouseCoopers"

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PWC is a major international accounting and consulting firm resulting from the July 1998 merger of [[Price Waterhouse]] and [[Coopers & Lybrand]].
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PWC is a major international accounting and consulting firm resulting from the July 1998 merger of [[Price Waterhouse]] and [[Coopers & Lybrand]]. PwC is the largest of the [[Big Four auditors|Big Four]] accounting firms, the other three being [[Deloitte Touche Tohmatsu]], [[Ernst & Young]] and [[KPMG]].  
  
 
PricewaterhouseCoopers (PwC)  
 
PricewaterhouseCoopers (PwC)  
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==Industries Serviced==   
 
==Industries Serviced==   
 
*Aerospace and Defence, Automotive, Chemicals, Consumer Goods, Education, Energy, Engineering and Construction, Entertainment and Media, Financial Services, Paper, Government, Healthcare, Hospitality and Leisure, Insurance, Freight, Metals and Mining, Pharmaceuticals, Real Estate, Retail, Technology, Telecommunications, Transport.  
 
*Aerospace and Defence, Automotive, Chemicals, Consumer Goods, Education, Energy, Engineering and Construction, Entertainment and Media, Financial Services, Paper, Government, Healthcare, Hospitality and Leisure, Insurance, Freight, Metals and Mining, Pharmaceuticals, Real Estate, Retail, Technology, Telecommunications, Transport.  
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==FTSE 100 Audit clients==
 
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*ARM Holdings, Amersham, BG Group, BOC Group, Barclays, Brambles Industries, British Telecom, CGNU, Centrica, Daily Mail and General Trust, Friends Provident, GKN, Gallaher, GlaxoSmithKline, Great Universal Stores, Imperial Tobacco, Kingfisher, Land Securities, Lattice Group, Legal and General, Lloyds TSB, Logica, MAN Group, Marks and Spencer, National Grid Group, Northern Rock, Pearson, Powergen, Reckitt Benckiser, Rentokil Initial, Reuters Group, Rio Tinto, Royal and Sun Alliance, Sage Group, Sainsburys, Schroders, Scottish Power, Severn Trent, Shell Trans Trading Co., Smiths Group, South African Breweries, Tesco, Unilever, United Business Media, Wolseley. 
 
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==Embarrassing Moments==   
 
==Embarrassing Moments==   
 
In 2000 PwC were the subject of a major investigation by the US Securities and Exchange Commission. There were 140 cases of staff at the auditor holding financial interests in the companies they were auditing. In February 2001, the Financial Times reported that, “The appointment... of PwC, the leading accountancy firm, to investigate the relationship between Gazprom, the Russian gas giant, and Itera, the fast-growing gas company, has raised eyebrows among even hardened Moscow investors.” The FTcited estimates that PwC had earned $15 million in fees working for Gazprom, and would now be investigating its own past work for the company. The chief suspicion was that unacknowledged ‘below market price’ transactions had been taking place between [[Gazprom]] and [[Itera]], something which, if true, PwC should have known about. The FT concluded, “The PwC appointment is the latest example of behaviour by international auditing firms in Russia that raises concerns about potential conflicts of interest.”  PwC have also been the subject of several investigations by the Securities and Exchange Commission. In May 2001, the firm agreed to pay $55 million to settle a class action suit raised by shareholders of [[MicroStrategy, Inc.]] The software manufacturer had admitted to telling investors it was still profitable while it had in fact been losing millions. A report filed in court said the audit firm "consistently violated its responsibility" to maintain an appearance of independence. It cited an e-mail from a PwC auditor seeking a job at MicroStrategy while he was the senior manager on the team that reviewed the company’s accounting. PwC also received money for reselling MicroStrategy software and recommending it to other clients, and was working on setting up a business venture with its audit client, according to the report . Only the previous year, PwC had settled with 350 plaintiffs who had invested in the California based company [[First Pensions Corporation]]. The settlement came after [[Coopers & Lybrand]] and partner [[Hal Hurwitz]] had been found liable by a jury of misrepresenting First Pensions’ financial condition, concealing material information and abetting the company’s managers in fraud. Although the terms of the eventual settlement were not disclosed, the suit filed in Orange County Superior Court had sought damages of $136 million.{{ref|24}}
 
In 2000 PwC were the subject of a major investigation by the US Securities and Exchange Commission. There were 140 cases of staff at the auditor holding financial interests in the companies they were auditing. In February 2001, the Financial Times reported that, “The appointment... of PwC, the leading accountancy firm, to investigate the relationship between Gazprom, the Russian gas giant, and Itera, the fast-growing gas company, has raised eyebrows among even hardened Moscow investors.” The FTcited estimates that PwC had earned $15 million in fees working for Gazprom, and would now be investigating its own past work for the company. The chief suspicion was that unacknowledged ‘below market price’ transactions had been taking place between [[Gazprom]] and [[Itera]], something which, if true, PwC should have known about. The FT concluded, “The PwC appointment is the latest example of behaviour by international auditing firms in Russia that raises concerns about potential conflicts of interest.”  PwC have also been the subject of several investigations by the Securities and Exchange Commission. In May 2001, the firm agreed to pay $55 million to settle a class action suit raised by shareholders of [[MicroStrategy, Inc.]] The software manufacturer had admitted to telling investors it was still profitable while it had in fact been losing millions. A report filed in court said the audit firm "consistently violated its responsibility" to maintain an appearance of independence. It cited an e-mail from a PwC auditor seeking a job at MicroStrategy while he was the senior manager on the team that reviewed the company’s accounting. PwC also received money for reselling MicroStrategy software and recommending it to other clients, and was working on setting up a business venture with its audit client, according to the report . Only the previous year, PwC had settled with 350 plaintiffs who had invested in the California based company [[First Pensions Corporation]]. The settlement came after [[Coopers & Lybrand]] and partner [[Hal Hurwitz]] had been found liable by a jury of misrepresenting First Pensions’ financial condition, concealing material information and abetting the company’s managers in fraud. Although the terms of the eventual settlement were not disclosed, the suit filed in Orange County Superior Court had sought damages of $136 million.{{ref|24}}
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:"PricewaterhouseCoopers is providing government relations services to Uzbekistan, the Central Asian country that is a prime ally in President Bush's 'War on Terror,'" O'Dwyer's PR Daily reports. "It is giving 'strategic advice and assistance' to Uzbekistan about dealing with the U.S. Congress, and Executive Branch on economic and trade relations, according to PWC's 'engagement letter.' The firm is receiving $300,000 a-year for its counsel." According to O'Dwyer's, former Republican Congressman and chair of the House Ways and Means committee Bill Archer will be "heading the work."{{ref|2}}
 
:"PricewaterhouseCoopers is providing government relations services to Uzbekistan, the Central Asian country that is a prime ally in President Bush's 'War on Terror,'" O'Dwyer's PR Daily reports. "It is giving 'strategic advice and assistance' to Uzbekistan about dealing with the U.S. Congress, and Executive Branch on economic and trade relations, according to PWC's 'engagement letter.' The firm is receiving $300,000 a-year for its counsel." According to O'Dwyer's, former Republican Congressman and chair of the House Ways and Means committee Bill Archer will be "heading the work."{{ref|2}}
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==Notable current and former employees==
 +
===Business===
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*[[Frank Brown]] - former leader of the Advisory service line and current [[Dean (education)|dean]] of [[INSEAD]]
 +
*[[Barbara Cassani]] - former CEO of [[Go Fly]] and former chairman of the London 2012 Olympic committee.
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*[[Cynthia Cooper (WorldCom)|Cynthia Cooper]] - internal auditor, [[WorldCom]] accounting scandal whistleblower
 +
*[[Robert Dart]] - Prominent Canadian businessman and [[philanthropist]]
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*[[David Gill (executive)|David Gill]] - Chairman of [[Manchester United F.C.]]
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*[[Jonathan Howell]] - Director of Finance for the [[London Stock Exchange]]
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*[[Margaret Jackson]] - Chairman of [[Qantas]] (2000-present)
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*[[Mark King (CEO)|Mark King]] - CEO of [[Affiliated Computer Services]]
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*[[Phil Knight]] - CEO and Co-founder of [[Nike, Inc.|Nike]]
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*[[Chris Lucas]] - Finance Director of [[Barclays Bank]]
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*[[Dennis Powell]] - CFO of [[Cisco Systems]], INC.
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*[[James Schiro]] - CEO of [[Zurich Financial Services]]
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*[[James M. Schneider]] - CFO of [[Dell]]
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*[[Peter Smith (Savills)| Peter Smith]] - Chairman of [[Savills]] estate agents
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*[[Henry Staunton]] - Finance Director of [[ITV plc]] (2003-present)
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*[[John Surma]] - Chairman and CEO of [[U.S. Steel]] (2004-present)
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*[[Eugene Tenenbaum]] - managing director of Millhouse Capital UK Ltd
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*[[Min Zhu]] - co-founder of [[WebEx]]
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*[[Richard Meddings]] - Group Finance Director, [[Standard Chartered]] plc
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*[[Gianluca Meardi]] - Partner in Reply[http://www.reply.eu] and founder of xPrice.biz[http://www.xprice.biz] international PwC Alumni community
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===Politics and public service===
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*[[Steven Ciobo]] - member of the [[Australian House of Representatives]] (2001-present)
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*[[Justine Greening]] - [[Conservative Party (UK)|Conservative]] [[Parliament of the United Kingdom|Member of Parliament of the United Kingdom]] (2005-present)
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*[[David Heathcoat-Amory]] - Conservative Member of Parliament of the United Kingdom (1983-present)
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*[[Mark Hoban]] - Conservative Member of Parliament of the United Kingdom (2001-present)
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*[[John Liu]] - member of the [[New York City Council]] (2001-present)
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*[[Jeffrey Lucy]] - chairman of the [[Australian Securities and Investments Commission]] (2004-present)
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*[[Robert McNamara]] - [[United States Secretary of Defense]] (1961-68); President of the [[World Bank]] (1968-81)
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*[[Morten Andreas Meyer]] - Norwegian Minister of Modernisation (2001-05)
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*[[Francis Plowden]] - laymember of the [[Judicial Appointments Commission]]
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*[[John Stuttard]] - [[Lord Mayor of London]] (2006)
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*[[Paul Szabo]] - Member of the [[Canadian House of Commons]] (1993-present)
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*[[Stephen Williams (politician)|Stephen Williams]] - [[Liberal Democrats|Liberal Democrat]] Member of Parliament of the United Kingdom(2005-present)
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===Other===
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*[[Peadar Andrews]] - Gaelic footballer
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*[[Keith Bradshaw]] - cricketer
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*[[Teddy Flack]] - Australian athlete
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*[[Marisha Pessl]] - writer
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*[[Prannoy Roy]] - Indian journalist
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*[[Enrique Sarasola]] - Spanish industrialist
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*[[Thomas M. Sullivan]] - talk show host
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==FTSE 100 Audit clients==
 +
*ARM Holdings, Amersham, BG Group, BOC Group, Barclays, Brambles Industries, British Telecom, CGNU, Centrica, Daily Mail and General Trust, Friends Provident, GKN, Gallaher, GlaxoSmithKline, Great Universal Stores, Imperial Tobacco, Kingfisher, Land Securities, Lattice Group, Legal and General, Lloyds TSB, Logica, MAN Group, Marks and Spencer, National Grid Group, Northern Rock, Pearson, Powergen, Reckitt Benckiser, Rentokil Initial, Reuters Group, Rio Tinto, Royal and Sun Alliance, Sage Group, Sainsburys, Schroders, Scottish Power, Severn Trent, Shell Trans Trading Co., Smiths Group, South African Breweries, Tesco, Unilever, United Business Media, Wolseley. 
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 +
The following are PwC audit clients that are part of the FT Global 500 (2006), grouped by FT industry
 +
 +
'''Aerospace & defence:''' [[Raytheon]], [[United Technologies]]<br />
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'''Automobiles & parts:''' [[Toyota Motor]], [[Volkswagen]], [[Peugeot]]<br />
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'''Banks:''' [[Al Rahji Banking & Investment]], [[Bank of America]], [[Bank of China|Bank of China (Hong Kong)]], [[Bank of Ireland]], [[Banco Itau]], [[Banco Popular Espanol]], [[Barclays]], [[Compass Bancshares]], [[Credit Agricole]], [[BB&T]], [[BNP Paribas]], [[BradescoSamba Financial]], [[Commerzbank]], [[Dexia]], [[DnB NOR]], [[Firstrand Bank Limited]], [[Fortis]], [[JP Morgan Chase]], [[Lloyds TSB]], [[Riyad Bank]], [[Sanpaolo IMI]], [[Sberbank|Sberbank (Russia)]], [[Skandinaviska Enskilda Banken|SEB]], [[Standard Bank]], [[Suntrust Banks]], [[Westpac Banking Corporation]]<br />
 +
'''Beverages:''' [[Anheuser-Busch]], [[Miller Brewing Company|Miller]], [[South African Breweries|SAB]]<br />
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'''Chemicals:''' [[Albemarle]], [[Bayer]], [[DuPont|E.I. du Pont de Nemours]], [[Praxair]], [[Shin Etsu Chemical]], [[Rohm & Haas]]<br />
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'''Electricity:''' [[Chubu Electric Power]], [[FirstEnergy]], [[Exelon]], [[Unified Energy System]]<br />
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'''Electronic & electrical equipment:''' [[Agilent Technologies]], [[Kyocera]], [[LG Philips LCD]]<br />
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'''Fixed line telecommunications:''' [[BellSouth]], [[BT Group]], [[Deutsche Telekom]], [[Etisalat]], [[KPN]], [[Nippon Telegraph and Telephone Corporation|Nippon Telegraph and Telephone]], [[Saudi Telecom]]<br />
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'''Food & drug retailers:''' [[Krispy Kreme]], [[Seven & I Holdings Co.]], [[Tesco]]<br />
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'''Food producers:''' [[Danone]], [[Kellogg]], [[Unilever]]<br />
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'''Gas, water & multiutilities:''' [[Centrica]], [[E.ONRWE]], [[National Grid plc]]<br />
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'''General financial:''' [[American Express]], [[Freddie Mac]], [[Franklin Resources]], [[Goldman Sachs]], [[Nikko Cordial]], [[SLMMoody's]]<br />
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'''General industrials:''' [[3M]], [[Honeywell International]], [[Hutchison Whampoa]]<br />
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'''General retailers:''' [[eBay]], [[GUS (retailer)|GUS]], [[Marks & Spencer]]<br />
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'''Healthcare equipment & services:''' [[Baxter International]], [[HealthSouth Corporation]], [[Medco Health Solutions]], [[Medtronic]], [[Zimmer Holdings]]<br />
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'''Household goods:''' [[Reckitt Benckiser]]<br />
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'''Industrial engineering:''' [[Caterpillar]], [[Volvo]]<br />
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'''Industrial metals:''' [[Alcan]], [[Alcoa]], [[Nippon Steel]], [[Nucor]], [[Phelps Dodge]], [[POSCO]], [[Tenaris]]<br />
 +
'''Industrial transportation:''' [[Burlington Northern Santa Fe Corp.]], [[Deutsche Post]]<br />
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'''Leisure goods:''' [[Nintendo]] <br />
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'''Life insurance:''' [[Legal & General]], [[Protective Life Corporation]], [[Prudential Financial]]<br />
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'''Media:''' [[CBS]], [[Thomson]], [[Viacom]], [[Walt Disney]]<br />
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'''Mining:''' [[Barrick Gold]], [[Newmont Mining]], [[Rio Tinto]]<br />
 +
'''Mobile telecommunications:''' [[Alltel]], [[Bharti Tele-Ventures]], [[KDDI]], [[MTN Group]], [[Sonera]], [[Telia]], [[Vodafone]]<br />
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'''Nonlife insurance:''' [[Ace]], [[American International Group]], [[AMB Generali]], [[AXA]], [[Millea Holdings]], [[Progressive Corporation]], [[Swiss Re]], [[Zurich Financial Services]]<br />
 +
'''Oil & gas producers:''' [[British Gas plc|BG]], [[Burlington Resources]], [[Canadian Natural Resources Ltd]], [[Exxon Mobil]], [[Chevron Corporation|Chevron]], [[EnCana Corporation]], [[Eni]], [[Gazprom]], [[Imperial OilSuncor Energy]], [[Marathon Oil]], [[Royal Dutch Shell]], [[Shell Canada]]<br />
 +
'''Oil equipment & services:''' [[Schlumberger]]<br />
 +
'''Personal goods:''' [[Colgate-Palmolive]], [[L'Oreal]], [[Nike, Inc.|Nike]], [[Richemont]]<br />
 +
'''Pharmaceuticals & biotechnology:''' [[Biogen Idec]], [[Bristol-Myers-Squibb]], [[Genzyme]], [[GlaxoSmithKline]], [[Johnson & Johnson]], [[Merck & Co.]], [[Novartis]], [[Novo Nordisk]], [[Sanofi-Aventis]], [[Teva Pharmaceutical Industries]], [[Wyeth]]<br />
 +
'''Software & computer services:''' [[IBM]], [[Yahoo!]]<br />
 +
'''Sports:''' [[Laureus World Sports Awards]]<br />
 +
'''Technology hardware & equipment:''' [[Cisco Systems]], [[Corning Inc.]], [[Dell]], [[EMC Corporation]], [[Ericsson]], [[Hon Hai Precision Industry]], [[Nokia]], [[Qualcomm]], [[Samsung Electronics]], [[STMicroelectronics]]<br />
 +
'''Tobacco:''' [[Altria]], [[British American Tobacco]], [[Imperial Tobacco]], [[ITC Ltd.|ITC]]<br />
 +
'''Travel & leisure:''' [[Carnival]], [[Las Vegas Sands]]<br />
 +
  
 
==Notes==
 
==Notes==

Revision as of 18:36, 28 July 2007

PWC is a major international accounting and consulting firm resulting from the July 1998 merger of Price Waterhouse and Coopers & Lybrand. PwC is the largest of the Big Four accounting firms, the other three being Deloitte Touche Tohmatsu, Ernst & Young and KPMG.

PricewaterhouseCoopers (PwC)

  • Global Employees: 160,000
  • Scope: 150 ‘countries and territories’
  • Sales (FY 2001): US $22.3 billion

Brief History

1849 – Samuel Lowell Price establishes practice in London
1854 – William Cooper establishes practice in London
1957 – Cooper Brothers & Co (UK), McDonald, Currie and Co (Canada) and Lybrand, Ross Bros & Montgomery (US) merge to form Coopers & Lybrand
1998 – Price Waterhouse and Coopers& Lybrand form PricewaterhouseCoopers

Services Offered

•Audits • Assurance •Global Risk Management •Dispute investigations •Project finance and privatisations •Human Resources solutions •Securities •Management consultancy •Tax services

Industries Serviced

  • Aerospace and Defence, Automotive, Chemicals, Consumer Goods, Education, Energy, Engineering and Construction, Entertainment and Media, Financial Services, Paper, Government, Healthcare, Hospitality and Leisure, Insurance, Freight, Metals and Mining, Pharmaceuticals, Real Estate, Retail, Technology, Telecommunications, Transport.

Embarrassing Moments

In 2000 PwC were the subject of a major investigation by the US Securities and Exchange Commission. There were 140 cases of staff at the auditor holding financial interests in the companies they were auditing. In February 2001, the Financial Times reported that, “The appointment... of PwC, the leading accountancy firm, to investigate the relationship between Gazprom, the Russian gas giant, and Itera, the fast-growing gas company, has raised eyebrows among even hardened Moscow investors.” The FTcited estimates that PwC had earned $15 million in fees working for Gazprom, and would now be investigating its own past work for the company. The chief suspicion was that unacknowledged ‘below market price’ transactions had been taking place between Gazprom and Itera, something which, if true, PwC should have known about. The FT concluded, “The PwC appointment is the latest example of behaviour by international auditing firms in Russia that raises concerns about potential conflicts of interest.” PwC have also been the subject of several investigations by the Securities and Exchange Commission. In May 2001, the firm agreed to pay $55 million to settle a class action suit raised by shareholders of MicroStrategy, Inc. The software manufacturer had admitted to telling investors it was still profitable while it had in fact been losing millions. A report filed in court said the audit firm "consistently violated its responsibility" to maintain an appearance of independence. It cited an e-mail from a PwC auditor seeking a job at MicroStrategy while he was the senior manager on the team that reviewed the company’s accounting. PwC also received money for reselling MicroStrategy software and recommending it to other clients, and was working on setting up a business venture with its audit client, according to the report . Only the previous year, PwC had settled with 350 plaintiffs who had invested in the California based company First Pensions Corporation. The settlement came after Coopers & Lybrand and partner Hal Hurwitz had been found liable by a jury of misrepresenting First Pensions’ financial condition, concealing material information and abetting the company’s managers in fraud. Although the terms of the eventual settlement were not disclosed, the suit filed in Orange County Superior Court had sought damages of $136 million.[1]

Lobbyist

PwC also operates in the area of government relations or lobbying. See for example PwC Consulting Ltd..

PR Watch reports:

"PricewaterhouseCoopers is providing government relations services to Uzbekistan, the Central Asian country that is a prime ally in President Bush's 'War on Terror,'" O'Dwyer's PR Daily reports. "It is giving 'strategic advice and assistance' to Uzbekistan about dealing with the U.S. Congress, and Executive Branch on economic and trade relations, according to PWC's 'engagement letter.' The firm is receiving $300,000 a-year for its counsel." According to O'Dwyer's, former Republican Congressman and chair of the House Ways and Means committee Bill Archer will be "heading the work."[2]

Notable current and former employees

Business

Politics and public service

Other

FTSE 100 Audit clients

  • ARM Holdings, Amersham, BG Group, BOC Group, Barclays, Brambles Industries, British Telecom, CGNU, Centrica, Daily Mail and General Trust, Friends Provident, GKN, Gallaher, GlaxoSmithKline, Great Universal Stores, Imperial Tobacco, Kingfisher, Land Securities, Lattice Group, Legal and General, Lloyds TSB, Logica, MAN Group, Marks and Spencer, National Grid Group, Northern Rock, Pearson, Powergen, Reckitt Benckiser, Rentokil Initial, Reuters Group, Rio Tinto, Royal and Sun Alliance, Sage Group, Sainsburys, Schroders, Scottish Power, Severn Trent, Shell Trans Trading Co., Smiths Group, South African Breweries, Tesco, Unilever, United Business Media, Wolseley.

The following are PwC audit clients that are part of the FT Global 500 (2006), grouped by FT industry

Aerospace & defence: Raytheon, United Technologies
Automobiles & parts: Toyota Motor, Volkswagen, Peugeot
Banks: Al Rahji Banking & Investment, Bank of America, Bank of China (Hong Kong), Bank of Ireland, Banco Itau, Banco Popular Espanol, Barclays, Compass Bancshares, Credit Agricole, BB&T, BNP Paribas, BradescoSamba Financial, Commerzbank, Dexia, DnB NOR, Firstrand Bank Limited, Fortis, JP Morgan Chase, Lloyds TSB, Riyad Bank, Sanpaolo IMI, Sberbank (Russia), SEB, Standard Bank, Suntrust Banks, Westpac Banking Corporation
Beverages: Anheuser-Busch, Miller, SAB
Chemicals: Albemarle, Bayer, E.I. du Pont de Nemours, Praxair, Shin Etsu Chemical, Rohm & Haas
Electricity: Chubu Electric Power, FirstEnergy, Exelon, Unified Energy System
Electronic & electrical equipment: Agilent Technologies, Kyocera, LG Philips LCD
Fixed line telecommunications: BellSouth, BT Group, Deutsche Telekom, Etisalat, KPN, Nippon Telegraph and Telephone, Saudi Telecom
Food & drug retailers: Krispy Kreme, Seven & I Holdings Co., Tesco
Food producers: Danone, Kellogg, Unilever
Gas, water & multiutilities: Centrica, E.ONRWE, National Grid plc
General financial: American Express, Freddie Mac, Franklin Resources, Goldman Sachs, Nikko Cordial, SLMMoody's
General industrials: 3M, Honeywell International, Hutchison Whampoa
General retailers: eBay, GUS, Marks & Spencer
Healthcare equipment & services: Baxter International, HealthSouth Corporation, Medco Health Solutions, Medtronic, Zimmer Holdings
Household goods: Reckitt Benckiser
Industrial engineering: Caterpillar, Volvo
Industrial metals: Alcan, Alcoa, Nippon Steel, Nucor, Phelps Dodge, POSCO, Tenaris
Industrial transportation: Burlington Northern Santa Fe Corp., Deutsche Post
Leisure goods: Nintendo
Life insurance: Legal & General, Protective Life Corporation, Prudential Financial
Media: CBS, Thomson, Viacom, Walt Disney
Mining: Barrick Gold, Newmont Mining, Rio Tinto
Mobile telecommunications: Alltel, Bharti Tele-Ventures, KDDI, MTN Group, Sonera, Telia, Vodafone
Nonlife insurance: Ace, American International Group, AMB Generali, AXA, Millea Holdings, Progressive Corporation, Swiss Re, Zurich Financial Services
Oil & gas producers: BG, Burlington Resources, Canadian Natural Resources Ltd, Exxon Mobil, Chevron, EnCana Corporation, Eni, Gazprom, Imperial OilSuncor Energy, Marathon Oil, Royal Dutch Shell, Shell Canada
Oil equipment & services: Schlumberger
Personal goods: Colgate-Palmolive, L'Oreal, Nike, Richemont
Pharmaceuticals & biotechnology: Biogen Idec, Bristol-Myers-Squibb, Genzyme, GlaxoSmithKline, Johnson & Johnson, Merck & Co., Novartis, Novo Nordisk, Sanofi-Aventis, Teva Pharmaceutical Industries, Wyeth
Software & computer services: IBM, Yahoo!
Sports: Laureus World Sports Awards
Technology hardware & equipment: Cisco Systems, Corning Inc., Dell, EMC Corporation, Ericsson, Hon Hai Precision Industry, Nokia, Qualcomm, Samsung Electronics, STMicroelectronics
Tobacco: Altria, British American Tobacco, Imperial Tobacco, ITC
Travel & leisure: Carnival, Las Vegas Sands


Notes

This page is based on an extract from Five Brothers: the Rise and Nemesis of the Big Bean Counters: The Big Five audit firms are too big, unfit, unaccountable and increasingly irrelevant to the real economy, Author: Andrew Simms, Julian Oram, Publisher: NEF, Published: 25.03.02 http://www.neweconomics.org/gen/uploads/5br.pdf

  1. ^ Public Accounting Report Volume XXIV,No. 17.September 15,2000.
  2. ^ PR Watch PricewaterhouseCoopers Advises Uzbekistan citing O'Dwyer's PR Daily, July 16, 2002
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