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	<title type="text">Management and Career » C-Suite</title>
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	<updated>2012-05-15T16:38:27Z</updated>

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		<title type="html"><![CDATA[Jim Turley's balancing act]]></title>
		<link rel="alternate" type="text/html" href="http://management.fortune.cnn.com/2010/11/16/jim-turleys-balancing-act/" />
		<id>http://askannie.blogs.fortune.cnn.com/?p=408</id>
		<updated>2011-04-19T17:01:44Z</updated>
		<published>2010-11-16T17:23:20Z</published>
		<category scheme="http://management.fortune.cnn.com" term="C-Suite" /><category scheme="http://management.fortune.cnn.com" term="Leadership by Geoff Colvin" /><category scheme="http://management.fortune.cnn.com" term="Strategy" /><category scheme="http://management.fortune.cnn.com" term="Ernst &amp; Young" /><category scheme="http://management.fortune.cnn.com" term="Geoff Colvin" /><category scheme="http://management.fortune.cnn.com" term="Jim Turley" />		<summary type="html"><![CDATA[<p><em>Interview by Geoff Colvin, senior editor at large</em></p>
<p>Accounting -- exciting? After a global financial crisis that hinged on the misvaluation of assets, it's a lot more interesting than it used to be, and even more interesting if you're running one of the Big Four accounting firms. Talk about juggling constituencies: Ernst &#38; Young CEO James Turley must respond to newly skittish clients, to recession victims who think accountants failed at <a href="http://management.fortune.cnn.com/2010/11/16/jim-turleys-balancing-act/">MORE</a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=management.fortune.cnn.com&#038;blog=907117&#038;post=408&#038;subd=fortuneaskannie&#038;ref=&#038;feed=1" width="1" height="1" />]]></summary>
		<content type="html" xml:base="http://management.fortune.cnn.com/2010/11/16/jim-turleys-balancing-act/"><![CDATA[<p><em>Interview by Geoff Colvin, senior editor at large</em></p>
<p>Accounting -- exciting? After a global financial crisis that hinged on the misvaluation of assets, it's a lot more interesting than it used to be, and even more interesting if you're running one of the Big Four accounting firms. Talk about juggling constituencies: Ernst &amp; Young CEO James Turley must respond to newly skittish clients, to recession victims who think accountants failed at their job, and to regulators worldwide who are certain that accounting rules must be changed -- they're just not sure how.<a href="http://fortuneaskannie.files.wordpress.com/2010/11/jim_turley-home.jpg"><img class="alignright size-full wp-image-410" title="jim_turley.home" src="http://fortuneaskannie.files.wordpress.com/2010/11/jim_turley-home.jpg" alt="" width="320" height="240" /></a></p>
<p>Turley, 55, who grew up in St. Louis and has both bachelor's and master's degrees in accounting from Rice University, is an E&amp;Y lifer. He has run the partnership since 2001, when Enron's collapse began a wave of accounting scandals that reshaped the industry. After Arthur Andersen failed in 2002, many of its offices around the world joined E&amp;Y intact, expanding the firm significantly. Today E&amp;Y has about 144,000 employees in 140 countries; though Turley has homes in London and suburban New York, he spends 75% of his nights elsewhere. He talked recently with <em>Fortune's</em> Geoff Colvin about being the CEO of Lehman Brothers' auditing firm, why America's tax policy is globally uncompetitive, and much else.</p>
<p><a href="http://money.cnn.com/2010/09/13/news/companies/ernst_young_jim_turley.fortune/index.htm">Read the full story</a>.</p>
<br />Filed under: <a href='http://management.fortune.cnn.com/category/c-suite/'>C-Suite</a>, <a href='http://management.fortune.cnn.com/category/leadership-by-geoff-colvin/'>Leadership by Geoff Colvin</a>, <a href='http://management.fortune.cnn.com/category/strategy/'>Strategy</a>  <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gocomments/fortuneaskannie.wordpress.com/408/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/comments/fortuneaskannie.wordpress.com/408/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/fortuneaskannie.wordpress.com/408/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/fortuneaskannie.wordpress.com/408/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/fortuneaskannie.wordpress.com/408/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/fortuneaskannie.wordpress.com/408/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/fortuneaskannie.wordpress.com/408/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/fortuneaskannie.wordpress.com/408/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/fortuneaskannie.wordpress.com/408/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/fortuneaskannie.wordpress.com/408/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/fortuneaskannie.wordpress.com/408/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/fortuneaskannie.wordpress.com/408/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/fortuneaskannie.wordpress.com/408/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/fortuneaskannie.wordpress.com/408/" /></a> <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=management.fortune.cnn.com&#038;blog=907117&#038;post=408&#038;subd=fortuneaskannie&#038;ref=&#038;feed=1" width="1" height="1" />]]></content>
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		<title type="html"><![CDATA[Cory Booker: Bringing Newark back]]></title>
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		<id>http://askannie.blogs.fortune.cnn.com/?p=396</id>
		<updated>2011-04-19T17:01:46Z</updated>
		<published>2010-11-16T16:46:19Z</published>
		<category scheme="http://management.fortune.cnn.com" term="C-Suite" /><category scheme="http://management.fortune.cnn.com" term="Leadership by Geoff Colvin" /><category scheme="http://management.fortune.cnn.com" term="Cory Booker" /><category scheme="http://management.fortune.cnn.com" term="Facebook" /><category scheme="http://management.fortune.cnn.com" term="Geoff Colvin" /><category scheme="http://management.fortune.cnn.com" term="Mark Zuckerberg" /><category scheme="http://management.fortune.cnn.com" term="Newark" />		<summary type="html"><![CDATA[<p><em>Interview by Geoff Colvin, senior editor at large</em></p>
<p><em>The world is urbanizing fast -- more than half the globe's people now live in cities. That fact makes the</em></p>
<p><em>management of urban areas a critical challenge and mayors more important than ever. Few mayors are attracting as much attention as Newark's Cory Booker, leading a city with a 40-year reputation for blight, crime, and poverty. Already well known, Booker became far more famous <a href="http://management.fortune.cnn.com/2010/11/16/cory-booker-newark/">MORE</a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=management.fortune.cnn.com&#038;blog=907117&#038;post=396&#038;subd=fortuneaskannie&#038;ref=&#038;feed=1" width="1" height="1" />]]></summary>
		<content type="html" xml:base="http://management.fortune.cnn.com/2010/11/16/cory-booker-newark/"><![CDATA[<p><em>Interview by <a href="mailto:gcolvin@fortune.com">Geoff Colvin</a>, senior editor at large</em></p>
<p><em>The world is urbanizing fast -- more than half the globe's people now live in cities. That fact makes the</em></p>
<p><em>management of urban areas a critical challenge and mayors more important than ever. Few mayors are attracting as much attention as Newark's Cory Booker, leading a city with a 40-year reputation for blight, crime, and poverty. Already well known, Booker became far more famous in late September when he and Facebook co-founder Mark Zuckerberg appeared on Oprah Winfrey's TV show to announce Zuckerberg's $100 million pledge to Newark schools. Booker, 41, was reelected in May by a comfortable margin, having replaced a notoriously corrupt administration in 2006. He went to Stanford on a football scholarship, then studied history at Oxford as </em></p>
<p><img class="alignright size-full wp-image-399" title="cory_booker.home" src="http://fortuneaskannie.files.wordpress.com/2010/11/cory_booker-home.jpg" alt="" width="320" height="240" /></p>
<p><em>a Rhodes scholar and got a law degree at Yale. As mayor, he has reduced violent crime, his top priority; March was the city's first murder-free month in 44 years. Booker today has over a million followers on Twitter -- fewer than Lady Gaga but more than the Dalai Lama. He talked recently with </em>Fortune's<em> Geoff Colvin about teachers unions, rebranding Newark, and much else. Edited excerpts:</em></p>
<p><strong>You first met Mark Zuckerberg in July. Eleven weeks later you two guys are on Oprah announcing that he's pledging $100 million for Newark schools. How did you do it?</strong></p>
<p>I don't think it was me. The two of us were coming to the same conclusion at the same time, and we met at theright time. He had been thinking about making a major move in philanthropy for more than a year and wanted to get out there quick on the issue that's most important to him, which is education. We had concluded that if we were going to drive the level and scale of reforms that we envisioned, we were going to need some kind of attention-grabbing measure, as well as a shot of resources into the right places. We felt it could make dramatic change. So it was two men with the same idea meeting up.</p>
<p><strong>Now you're going to have a lot of money for use in the Newark schools, but Newark already spends more money per student than most school systems in America, with worse results. How will you redesign the system to make this money effective?</strong></p>
<p>That's a really important point to highlight in bold with a couple of exclamation points. Money in America has never been in line with performance -- our national spending on education is going up, but our performance has been stagnant. What's needed is not pouring new wine into old skins; it's to change the package altogether. We, the donor and I, have some very firm ideas. We recognize that in America we've all receded from our involvement in education. There is not the kind of engagement around educational issues that we want. We think we should pack our kids' lunch, send them off, and they should be returned to us scholars. That's just not the case anymore. We've created this convenient game of pass the buck, where parents are right to complain about the schools, the principals are right, maybe, to say they can't fire bad teachers, and teachers are right to say our kids are often showing up nutritionally and materially unfit to learn. The more we're able to say, "It's not my fault," the more we keep this descending cycle of mediocrity at best, and that's what we're trying to break with our resources.</p>
<p><a href="http://money.cnn.com/2010/11/04/news/economy/newark_cory_booker.fortune/index.htm">Read the full story</a>.</p>
<br />Filed under: <a href='http://management.fortune.cnn.com/category/c-suite/'>C-Suite</a>, <a href='http://management.fortune.cnn.com/category/leadership-by-geoff-colvin/'>Leadership by Geoff Colvin</a>  <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gocomments/fortuneaskannie.wordpress.com/396/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/comments/fortuneaskannie.wordpress.com/396/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/fortuneaskannie.wordpress.com/396/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/fortuneaskannie.wordpress.com/396/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/fortuneaskannie.wordpress.com/396/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/fortuneaskannie.wordpress.com/396/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/fortuneaskannie.wordpress.com/396/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/fortuneaskannie.wordpress.com/396/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/fortuneaskannie.wordpress.com/396/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/fortuneaskannie.wordpress.com/396/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/fortuneaskannie.wordpress.com/396/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/fortuneaskannie.wordpress.com/396/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/fortuneaskannie.wordpress.com/396/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/fortuneaskannie.wordpress.com/396/" /></a> <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=management.fortune.cnn.com&#038;blog=907117&#038;post=396&#038;subd=fortuneaskannie&#038;ref=&#038;feed=1" width="1" height="1" />]]></content>
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