Engineering Inc. - November/December 2008 - (Page 33) Enjoying the Fall Conference are from the left: Angie and J. Wayne Morrison of Williams, Clark & Morrison, Inc. in Yazoo City, Miss.; ACEC/Mississippi Executive Director Judy Adams; and Marilyn and Ed Dedeaux of Allen & Hoshall in Ridgeland, Miss. PBSJ Chairman Recounts Embezzlement Crisis at His Firm J ohn Zumwalt, Chairman and CEO of The PBSJ Corporation, closed the 2008 ACEC Fall Conference with a cautionary tale of embezzlement and misplaced trust. Miami-based PBSJ, the parent company of PBS&J, experienced rapid growth from the early 1990s through 2005, quadrupling in size to become a $3.7 billion firm operating across the country. In 2005, a question about a discrepancy in a single account revealed a massive internal fraud perpetrated by the firm’s CFO and two accomplices in the accounting department. Ultimately totaling $37 million, the fraud was discovered by the firm’s own internal procedures and Zumwalt guided the firm through a tortuous process but successful outcome. Despite the crisis, the firm did not lose a single client and regained its financial health and reputation. The CFO is serving nine John Zumwalt, chairman and CEO of The PBSJ Corporation, urged firm leaders to “trust but verify.” years in prison, and his two accomplices were sentenced to six years each. “This can happen to anyone,” Zumwalt warned. “It happens to a lot of companies and they don’t even know it.” He offered some simple advice to firms: “Trust but verify.” “John has provided a unique service for our industry by sharing his experiences,” said ACEC President Dave Raymond. n Acrobatic cirque performers entertained Conference attendees with their artistry. ACEC would like to thank the sponsors of the 2008 Fall Conference Deltek, Inc. XL Insurance ACEC Retirement Trust ACEC Business Insurance Trust Richard Stees (second from right), of Erdman Anthony in Mechanicsburg, Pa., didn’t need a cirque mask to enjoy Local Color Night, while Wendy Biggar (left), of St. Paul, Minn.; Stees’ wife, Kathy Stees; and Sandy Giefer, also of St. Paul, donned the event’s appropriate attire. Autodesk NovEmbER / DECEmbER 2008 ENGINEERING INC. 33
Table of Contents Feed for the Digital Edition of Engineering Inc. - November/December 2008 Engineering Inc. - September/October 2008 Contents From ACEC to You News & Notes Market Watch Legislative Action Engineering Goes Back to School Winning the Talent War Mastering A Hard-Luck Economy Education Makes the Grade in Green Construction 2008 Young Professionals of the Year 2008 Fall Conference Highlights Technology Members in the News One On One Engineering Inc. - November/December 2008 Engineering Inc. - November/December 2008 - Engineering Inc. - September/October 2008 (Page Cover1) Engineering Inc. - November/December 2008 - Engineering Inc. - September/October 2008 (Page Cover2) Engineering Inc. - November/December 2008 - Contents (Page 1) Engineering Inc. - November/December 2008 - From ACEC to You (Page 2) Engineering Inc. - November/December 2008 - From ACEC to You (Page 3) Engineering Inc. - November/December 2008 - News & Notes (Page 4) Engineering Inc. - November/December 2008 - News & Notes (Page 5) Engineering Inc. - November/December 2008 - News & Notes (Page 6) Engineering Inc. - November/December 2008 - News & Notes (Page 7) Engineering Inc. - November/December 2008 - Market Watch (Page 8) Engineering Inc. - November/December 2008 - Market Watch (Page 9) Engineering Inc. - November/December 2008 - Legislative Action (Page 10) Engineering Inc. - November/December 2008 - Legislative Action (Page 11) Engineering Inc. - November/December 2008 - Engineering Goes Back to School (Page 12) Engineering Inc. - November/December 2008 - Engineering Goes Back to School (Page 13) Engineering Inc. - November/December 2008 - Engineering Goes Back to School (Page 14) Engineering Inc. - November/December 2008 - Engineering Goes Back to School (Page 15) Engineering Inc. - November/December 2008 - Winning the Talent War (Page 16) Engineering Inc. - November/December 2008 - Winning the Talent War (Page 17) Engineering Inc. - November/December 2008 - Winning the Talent War (Page 18) Engineering Inc. - November/December 2008 - Winning the Talent War (Page 19) Engineering Inc. - November/December 2008 - Mastering A Hard-Luck Economy (Page 20) Engineering Inc. - November/December 2008 - Mastering A Hard-Luck Economy (Page 21) Engineering Inc. - November/December 2008 - Mastering A Hard-Luck Economy (Page 22) Engineering Inc. - November/December 2008 - Mastering A Hard-Luck Economy (Page 23) Engineering Inc. - November/December 2008 - Education Makes the Grade in Green Construction (Page 24) Engineering Inc. - November/December 2008 - Education Makes the Grade in Green Construction (Page 25) Engineering Inc. - November/December 2008 - Education Makes the Grade in Green Construction (Page 26) Engineering Inc. - November/December 2008 - Education Makes the Grade in Green Construction (Page 27) Engineering Inc. - November/December 2008 - Education Makes the Grade in Green Construction (Page 28) Engineering Inc. - November/December 2008 - 2008 Young Professionals of the Year (Page 29) Engineering Inc. - November/December 2008 - 2008 Fall Conference Highlights (Page 30) Engineering Inc. - November/December 2008 - 2008 Fall Conference Highlights (Page 31) Engineering Inc. - November/December 2008 - 2008 Fall Conference Highlights (Page 32) Engineering Inc. - November/December 2008 - 2008 Fall Conference Highlights (Page 33) Engineering Inc. - November/December 2008 - Technology (Page 34) Engineering Inc. - November/December 2008 - Technology (Page 35) Engineering Inc. - November/December 2008 - Members in the News (Page 36) Engineering Inc. - November/December 2008 - Members in the News (Page 37) Engineering Inc. - November/December 2008 - Members in the News (Page 38) Engineering Inc. - November/December 2008 - Members in the News (Page 39) Engineering Inc. - November/December 2008 - One On One (Page 40) Engineering Inc. - November/December 2008 - One On One (Page Cover3) Engineering Inc. - November/December 2008 - One On One (Page Cover4)
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