Photo courtesy of Morguefile
If you want an up close lesson on how to recover from a major embarrassing moment, keep a close eye on how accounting firm Price Waterhouse Coopers resolves the mix up from the Oscars.
The accounting firm’s client, The Academy of Motion Picture Arts and Sciences, is due a major explanation of how/why the error happened not to mention detailed assurances that it will never happen again—assuming they will retain their services.
If you missed it, at Sunday night’s Oscar Awards ceremony the presenters were handed the wrong envelope to announce the winner of the best picture category. The announced winners gleefully rushed to the stage and giving acceptance speeches when suddenly representatives from Price Waterhouse Coopers walked behind them to say that another movie had actually won.
So….did the accounting firm take the appropriate steps to recover?