Old firm, Ernst & Young, has missteps.
March 8th, 2010
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The roots of Ernst & Young (E&Y) can be traced back over 100 years. Pioneering accountant Arthur Young founded and headed the original Arthur Young firm in Kansas City back in 1895. Ernst & Ernst was founded in Cleveland in 1906 by two brothers, Elwin and Theodore. The descendants of these early firms, with past records of integrity and competence, merged in 1989. But like an elderly couple that marries late in life, the merger partners do not seem to be as sure footed as in the past.
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