Ummmm...correct me if I am wrong but...didn't we hire PWC for a recent study and didn't THEIR rep. appear and present this study yesterday at our STRS board meeting?
From John Curry, August 21, 2009

....and WE are still hiring THEM after THIS? The name of the study was, "State Teachers Retirement System Analysis of Pension Plan Funding - August 20, 2009."

1. Why are we still hiring them?

2. How much did this study cost?

John

http://www.cfo.com/printable/article.cfm/12371528

PwZ Zapped in $97.5 Million Settlement

The auditor, accused by Ohio of violating securities laws in its work with AIG, will pay one of the highest amounts ever for an accounting firm in a class action.

Alan Rappeport, CFO.com | US
October 6, 2008

PricewaterhouseCoopers agreed to pay $97.5 million to the state of Ohio to settle a class-action lawsuit on behalf of investors in troubled insurer American International Group, which uses PwC as its independent auditor.

The "partial" settlement, on Friday, came after the Ohio Public Employees Retirement System, the State Teachers Retirement System, and the Ohio Police and Pension Fund filed a lawsuit seeking damages for investors who bought AIG securities from 1999 to 2005. In the complaint, PwC was accused of violating securities laws relating to a market division scheme allegedly involving AIG that was disclosed in 2004 and improper accounting for reinsurance and other transactions..........