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The Madoff enterprise was audited by a tiny firm that was not subject to board inspection.
They were audited, of course, but by a tiny firm with three employees, one of whom was a secretary and another an 80-year-old based in Florida.Perhaps the biggest warning sign was the secrecy with which the investment business was conducted.
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Investigators have long been examining why a tiny firm operated by Daniel Hevesi, a former state senator and the son of a former state comptroller, Alan G. Hevesi, was paid more than $1 million in fees for his role as an intermediary in deals with pension funds in New York City and for deals in New Mexico.
He finally was hired as the first associate at a tiny firm founded that year by three men passed over for partnership at white-shoe firms.
Corporate democracy might work at a tiny firm, but it would probably paralyse a big one.
But how can a tiny firm be a threat?
It was quite a sum for a tiny firm–Unicover had at its peak only 30 or so employees.
Now digital video has a chance to take a giant leap forward in clarity and color with groundbreaking imaging chips made by the tiny firm Pixim, in Mountain View, Calif.
"Minecraft", developed by Mojang, a tiny Swedish firm, is an online adventure game that mixes the building qualities of Lego with the social appeal of "World of Warcraft".
A thick steak of high-quality tuna is wrapped in prosciutto and served on a bed of tiny, firm Umbrian lentils - themselves flavored by sherry vinegar and a vegetable stock redolent of mushrooms.
Mr Morita's great early coup was to persuade America's giant Western Electric to license its transistor know-how to his tiny firm (a move that infuriated Japan's powerful trade ministry, which was by-passed).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com