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Old 05-10-2012, 06:15 PM
 
3,276 posts, read 7,847,430 times
Reputation: 8308

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I worked at a CPA firm a few years ago and all of the accountants working there had at least a BBA in Accounting, except for the son of one of the partners. His daddy gave him a job making just as much (probably more) than us college graduates, and he had nothing more than a high school diploma. He was taking night classes at the local community college, and he wasn't anywhere close to getting a bachelors. It was known that when daddy was ready to retire, his son would get his partnership interest.

Has anyone else experienced this at work?
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Old 05-10-2012, 06:33 PM
 
808 posts, read 1,679,426 times
Reputation: 813
Was he able to do the work?
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Old 05-11-2012, 12:09 PM
 
3,484 posts, read 9,425,045 times
Reputation: 2737
We have an explicit policy at my company forbidding nepotism. No immediate family members will be hired, period. Makes things less messy that way.
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Old 05-11-2012, 12:40 PM
 
Location: Wartrace,TN
8,070 posts, read 12,793,878 times
Reputation: 16526
Since the kid was the owners (partners) son I don't see anything wrong with the situation. The guy wants to pass on his share of the business to his son he should be able to do it.

I worked at a large multinational corporation and the nepotism was amazing. The head of staff H.R. had two sons working at the plant in staff positions, one was "average" and one was a bit "dull" but BOTH were "managers" in 1/4 the time it took other more talented individuals to make that grade level.

Another incident- The Q.A. manager hires the daughter of his buddy as a temporary. She had just graduated the local State U with a degree in marketing. Two years later she is the Q.A. engineering section manager. She has NO ENGINEERING experience, no additional education. She was VERY good at kissing boots though.....
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Old 05-11-2012, 01:18 PM
 
24,488 posts, read 41,157,338 times
Reputation: 12921
It's pretty normal. I've seen it happen a lot. No one has to put up with it if they don't like it.
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Old 05-11-2012, 01:37 PM
 
26,585 posts, read 62,072,805 times
Reputation: 13166
In a privately held company it's no one's business but the owners. If employees don't like it, they know where the door is.

In public corporations and publicly funded organizations no one should be hired just because they are related to someone else, however if they are the most qualified applicant, why not hire them?
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Old 05-11-2012, 01:45 PM
 
Location: Virginia Beach, VA
5,522 posts, read 10,203,003 times
Reputation: 2572
Quote:
Originally Posted by statisticsnerd View Post
I worked at a CPA firm a few years ago and all of the accountants working there had at least a BBA in Accounting, except for the son of one of the partners. His daddy gave him a job making just as much (probably more) than us college graduates, and he had nothing more than a high school diploma. He was taking night classes at the local community college, and he wasn't anywhere close to getting a bachelors. It was known that when daddy was ready to retire, his son would get his partnership interest.

Has anyone else experienced this at work?

In every job Ive ever had.
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Old 05-11-2012, 01:58 PM
 
Location: The Triad
34,095 posts, read 83,020,975 times
Reputation: 43671
Quote:
Originally Posted by statisticsnerd View Post
It was known that when daddy was ready to retire, his son would get his partnership interest.
Unless the law has changed recently...
without a CPA in his own name junior can't be a partner in a CPA firm (or PA or LLP etc).

Daddy should still be able to cash out his interests in the firm and do with them whatever he may like.

Quote:
Has anyone else experienced this at work?
Were you born yesterday?
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Old 05-12-2012, 02:55 PM
 
Location: Metro Detroit, Michigan
29,834 posts, read 24,927,606 times
Reputation: 28538
This is pretty normal. Nothing you can do about it, not anyone's business really. So what's the point of worrying about it?
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Old 05-12-2012, 06:07 PM
 
Location: Northern Wisconsin
10,379 posts, read 10,924,893 times
Reputation: 18713
If you don't like Nepotism, don't move to small towns. We've had lots of experience with it. Even in a town of 200,000, and with 30 years of nursing experience as an RN, you have to "know someone" to get a job. My wife works in a hospital that is full of it. Everyone in town knows it. Apply through HR without special help from inside? You're wasting your time, unless they're really desperate to fill the job, and can't find anyone.
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