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San Antonio Accounting Societies

Local Accounting Firms

  • BKD
    In the last few years several local firms have been acquired, like the Hnake group, by national firms such as BKD.
  • Grant Thornton San Antonio
    Grant Thornton is one of the large national firms occupying the size ladder below the Big Four.l
  • Padgett Stratemann is now RMS
    As San Antonio becomes a bigger player in Texas Business, more national firms are entering this market. A national firm does not start from zero. RMS (http://rsmus.com/) purchased Padgett. This gives the buyer a large client base to start with. Typically the local partners have made a handsome profit on their time at the firm. But seeking to recoup the investment, the buyer typically raises fees knowing some business will be lost. RMS has re located from North Loop 410 to 1604 and 281. Renee Foshee, a tax expert with the firm, is the current SA CPA Society President.
  • Turner Cleveland PC
    Terry Cleveland has addressed our students. Two of our graduates are employed with at this firm.
  • weaver CPA
    Weaver is one of the largest Texas based Accounting Firms.
  • Hill and Ford CPAs
    Kim Ford has addressed our students. She has expanded her practice from tax and write up to forensic investigation and court testimony.
  • Fisher Herbst and Kemble P. C.
    Bruce Howard who was on our Business Advisory Council was the Officer Manger for this firm.
  • Ridout Barrett CPAs
    Tony Ridout has visited and addressed our students many times. We have placed graduates with Ridout for several years.

Financial Consulting Firms

  • Aventine Hill Partners, Inc.
    Beth Hair CEO founded Aventine in San Antonio in 2009. The firm now has offices in Dallas, Austin, San Antonio, and Houston. She formerly was with RGP.
  • Resource Global Professionals
    Susan Hough has been to campus and spoken to our students. She is the San Antonio Manager of RGP. RGP and Aventine are not CPA firms. Instead they offer contract specialists for firms needing specific tasks such as compliance or Controllerships.

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TAMUSA Library

  • P2240002
    Learn about the accounting review mateirals!

Geo Politics

  • Foreign Affairs
    :Published by the Council on Foreign Relations
  • Institute for the Study of War
    The Institute for the Study of War advances an informed understanding of military affairs through reliable research, trusted analysis, and innovative education. We are committed to improving the nation’s ability to execute military operations and respond to emerging threats in order to achieve U.S. strategic objectives. ISW is a non-partisan, non-profit, public policy research organization.
  • Stratfor
    This Austin, TX based site was begun by an ex Texas State Professor.

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San Antonio Ragtime Society

  • San Antonio Ragtimne Society
    This is an organization that sponsors the only annual Ragtime Festival in Texas. A TAMUSA student is an active member.

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San Antonio Ragtime Society

  • San Antonio Ragtimne Society
    This is an organization that sponsors the only annual Ragtime Festival in Texas. A TAMUSA student is an active member.

Socionomics

« How to Win Friends | Main | Out of Money, No Problem, Borrow More »

July 15, 2010

One More Time..

Thursday July 15, 2010

Yesterday in cost class I suggested that there are four levels of probablility.

Certainly true

Probable

Plausible

Not true

The difficulty of course is that gray line between probable and plausible, what is going to happen. This article about Henry Kravis and Hugh Hefner puts that in perspective. Kravis is famous for the tobacco takeover of RJR made famous in the movie Barbarians at the Gates. Now 66, he is moving his public firm from an Amsterdam listing to the NYSE. Clearly he hopes the shares will go higher. Hefner, 84, owns 70%, the majority of the shares in PLA. Yet oddly he has offered $123 M to buy the whole thing. The entire company was recently worth less than $200M. Not long ago it was estimated the CA mansion was worth near $100M, suggesting the break up value of the firm was higher than it was trading. While the author refers to his daughter Christie as brilliant, the facts hardly back that up. The shares fell in value over her tenure, the company took on debt that never paid off, and well, here we are today. Someone bought the PUMA brand not long ago for I think $15 M and is bringing it back. 

Picture 22  So, having done little or nothing with PLA for the last ten years (okay there was that wonderful reality show with Hef and the three gals) is it probable or plausible that at 84 Hef is going to be able to do something with a private firm that he could not do with a public firm?

Career advice, when someone tells you that they are thinking of retiring and want to bring someone like yourself in to run the firm, remember Henry and Hef, they never retire....kinda' like Supreme Court Justices and Popes......

Posted at 07:23 AM in Cost Managerial |

Tags: KKR, PLA

Comments

Aaron Avalos

Man I wish I had the money to buy the mansion. I think I can do wonders.Hughe is probable forecasting that noone is willing to pay $200 million dollars for the mansion. He figures that he better sell now while their are buyers interested still. Because if he waits any longer, his asking price will go down and he will have to settle for a whole lot cheaper price.

Posted by: Aaron Avalos | July 20, 2010 at 04:48 PM

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