H’mm . . .

As if there wasn’t enough gossip being generated in the Texas Medical Center these days, this Chronicle article reports as follows:

Texas Children’s Hospital’s longtime chief financial officer, Sally Nelson, has resigned from her job as executive vice president and CFO after 18 years with the hospital.
Nelson left the positions she’s held since 1987 a week ago, the hospital said. On Tuesday it released a brief statement thanking Nelson for her years of service without offering an explanation for her sudden exit.
Reached at her Houston home, Nelson directed all inquiries about the reason for her abrupt resignation to Texas Children’s, the nation’s largest pediatric hospital.

“You’ll have to call the marketing department at the hospital about that,” she said. “They’ll tell you all about it.”

The hospital, however, would not comment beyond saying that Randall Wright, senior vice president and chief information officer at Texas Children’s, will serve as the acting executive vice president and CFO.

“It’s our policy and our practice to respect the privacy of our current and former employes, so the statement includes only the information that we can release,” Texas Children’s spokeswoman Jennifer Hart said.

WSJ on KPMG tax shelter investigation

This Wall Street Journal ($) article follows up on the status of the government’s investigation into KPMG‘s tax shelter practice and emphasizes the involvement of lawyers (from the Wall Street firm, Brown & Wood) in the promotion of that practice. Here are the previous posts on this investigation and KPMG.
Suffice it to say that this saga is not likely to end well for either KPMG or Brown & Wood (now merged with Sidley, Austin).