The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "Merry-Go-Round" ...
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Merry-Go-Round: Ernst & Young advised the client, but not about everything. It didn't reveal business ties alleged to pose conflict with its consulting job.
Story explains how retailer Merry-Go-Round got into financial trouble, and was then led astray by Ernst & Young. According to the story, "...months went by as they (Ernst & Young) conducted studies, produced financial projections and developed a cost-saving proposal. Far from proposing immediate store closings, Ernst & Young recommended stocking up stores with a wide-ranging variety of fashions in hopes a sales pickup in the next season's back-to-school shopping. It didn't work. The crisis grew worse."
Tags: Ernst & Young; Ernst and Young; accounting; Merry-Go-Round; Merry Go Round; retail; stores; clothing stores; teenage clothing; bankruptcy; law; lawyers; consultants; money; financial loss
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Chaos in the order of law
Baltimore examines the role of entropy in Merry-Go-Round Enterprises. The law of entropy states that order must inevitably descend into chaos and at MGR, chaos reigned supreme.