Engineering Inc. - November/December 2008 - 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

Engineering Inc. - November/December 2008

Table of Contents 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. - September/October 2008
Engineering Inc. - November/December 2008 - Cover2
Engineering Inc. - November/December 2008 - Contents
Engineering Inc. - November/December 2008 - From ACEC to You
Engineering Inc. - November/December 2008 - 3
Engineering Inc. - November/December 2008 - News & Notes
Engineering Inc. - November/December 2008 - 5
Engineering Inc. - November/December 2008 - 6
Engineering Inc. - November/December 2008 - 7
Engineering Inc. - November/December 2008 - Market Watch
Engineering Inc. - November/December 2008 - 9
Engineering Inc. - November/December 2008 - Legislative Action
Engineering Inc. - November/December 2008 - 11
Engineering Inc. - November/December 2008 - Engineering Goes Back to School
Engineering Inc. - November/December 2008 - 13
Engineering Inc. - November/December 2008 - 14
Engineering Inc. - November/December 2008 - 15
Engineering Inc. - November/December 2008 - Winning the Talent War
Engineering Inc. - November/December 2008 - 17
Engineering Inc. - November/December 2008 - 18
Engineering Inc. - November/December 2008 - 19
Engineering Inc. - November/December 2008 - Mastering A Hard-Luck Economy
Engineering Inc. - November/December 2008 - 21
Engineering Inc. - November/December 2008 - 22
Engineering Inc. - November/December 2008 - 23
Engineering Inc. - November/December 2008 - Education Makes the Grade in Green Construction
Engineering Inc. - November/December 2008 - 25
Engineering Inc. - November/December 2008 - 26
Engineering Inc. - November/December 2008 - 27
Engineering Inc. - November/December 2008 - 28
Engineering Inc. - November/December 2008 - 2008 Young Professionals of the Year
Engineering Inc. - November/December 2008 - 2008 Fall Conference Highlights
Engineering Inc. - November/December 2008 - 31
Engineering Inc. - November/December 2008 - 32
Engineering Inc. - November/December 2008 - 33
Engineering Inc. - November/December 2008 - Technology
Engineering Inc. - November/December 2008 - 35
Engineering Inc. - November/December 2008 - Members in the News
Engineering Inc. - November/December 2008 - 37
Engineering Inc. - November/December 2008 - 38
Engineering Inc. - November/December 2008 - 39
Engineering Inc. - November/December 2008 - One On One
Engineering Inc. - November/December 2008 - Cover3
Engineering Inc. - November/December 2008 - Cover4
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