Two variations of an old joke
#1
Q: Why did the due diligence accountant spend the best part of a month considering crossing the road, analysing in great detail the likely consequences of crossing the road (or not crossing the road, or crossing a slightly different road, or crossing half way across the road and re-assessing what to do next based on current performance), attending endless conference calls about crossing the road, preparing high level summaries of ‘initial thoughts’ about crossing the road, but never actually crossing the farking road, and therefore not actually getting paid for it?
A: Because that’s what the private equity firm told him to do
#2
Q: Why did the due diligence accountant cross the next road?
A: The due diligence accountant is not, repeat NOT crossing any more roads until a signed letter of engagement is in place to underwrite the costs.
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