Creative Accounting At Century?
Under Canadian tycoon Michael G. DeGroote, Century Business Services Inc. has quietly grown into the seventh-largest U.S. accounting firm--and one of the few to be publicly held. Century has expanded by acquisition, snapping up small to midsize partnerships and business-service firms. It seemed like a smart strategy, and a familiar one: DeGroote had made his fortune consolidating waste-management and transportation companies into Laidlaw Inc., a Hamilton (Ont.) conglomerate he exited in 1990, after selling his stake for $500 million.
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