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Parking problems. Gary M. Cademar-tori,
Newark staff accountant, phoned
his wife, Pat:
"I'll be home late. My car was just
hit by an airplane in the Bendix parking
lot."
It all happened one afternoon when
Gary was on assignment at the Eclipse
Pioneer Division of Bendix in Teter-boro,
New Jersey. A single-engine private
plane used for instruction was approaching
the Teterboro runway for a
landing. The approach pattern is over
one of the Bendix plants, which is directly
opposite the runway. A girl student
pilot was at the controls.
The first inkling of impending disaster
occurred when a 60-year-old Bendix
employee who was facing the
plane's approach noticed it heading directly
for the building and him. The
agile gentleman established a new
course record for the Bendix aisleway
from the window to the rear.
The plane engine faded out. The
pilot crash-landed the plane on its nose
with the help of her instructor and one
rabbit's foot. The plane landed in one
of the Bendix parking lots between a
row of cars just 20 feet from the general
accounting section where Gary and
other H&S staff accountants were working.
Gary raced to the window and saw
that he was double parked next to an
airplane. The only damage to his car
was a dented rear panel and some
scratches. The total casualty list: 10
cars, uncounted shattered nerves and
one smudged lipstick.
Bepairs were made on the lipstick
before the pilot left the cockpit.
Help for the layman. Do financial reports
mystify any of your friends—
your wife, for instance?
Here are two publications that are
particularly good at explaining financial
statements to the uninitiated:
"Understanding Financial Statements"
(write for Small Business Advisory
Service, Vol. 7, No. 11, Bank of
America, San Francisco, California
94120).
"How to Bead a Financial Report,"
originally written with the help of Harold
V. Petrillo, H&S partner (write to
Merrill Lynch, Pierce, Fenner & Smith,
Inc., 70 Pine Street, New York, N. Y.
10005).
We
Scene
Outstanding alumnus. Recently transferred
to the Executive Office, partner
Michael N. Chetkovich has been named
first "Outstanding Alumnus of the Year"
by the Schools of Business at the University
of California in Berkeley.
Chosen by a faculty committee, Mr.
Chetkovich was honored "in recognition
of service to and interest in the
accounting program of the Schools, and
on the basis of personal achievement
as an accountant."
This award, to be made annually,
will be recorded on a plaque in the
offices of the Schools.
Automated tax returns. This spring 31
Haskins & Sells offices in the U. S.
were assisted by computers in the preparation
of clients' personal income tax
returns.
The project is still quite experimental.
With the bugs worked out, however,
it could be most effective.
T. Milton Kupfer, Executive Office
partner responsible for coordinating the
Firm's tax practice, explained:
"After the needed data is carefully
analyzed and classified by us, it is fed
into the computer, which delivers a return
completely filled out in print."
Was each return then ready to go to
the Internal Bevenue Service?
"Well," said Mr. Kupfer with a wry
smile, "we did check each return—just
to make certain we got back what we
sent in."
Cash awards for DPH&S papers. The
Executive Office has announced the
completion of plans to make at least
one cash award each year for papers
by authors on the staff of Deloitte,
Plender, Haskins & Sells offices.
"For the past twelve years," said an
E.O. letter to partners-in-charge of
DPH&S offices, "we have been making
annual cash awards for the best papers
presented before audiences or published
in journals by members of Haskins
& Sells staff. . . . Of the papers prepared
by staff members eligible for an
award during any year, a number are
published in our annual volume of
Selected Papers. This book also includes
papers prepared by some of our
partners and, from time to time, articles
prepared by DPH&S personnel when
these have come to our attention. . . .
"We believe," the letter continued,
"that Selected Papers would be a more
useful volume if it led our readers to
a better understanding of accounting
thought in other countries as well as
our own and that this objective could
be achieved, at least in substantial part,
if a greater number of papers by
DPH&S authors were included."
The amounts of the awards for the
best papers "would be within the dollar
range of the awards made each year
to H&S staff members." The H&S
awards for papers published or delivered
between October 1, 1965, and
September 30, 1966, were $750, $500,
$300 and $200.
9
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