Tom Gibbons of Frost, PLLC (Lifetime Achievement Award in Accounting)

by Arkansas Business Staff  on Monday, Nov. 5, 2012 12:00 am  

Tom GibbonsFrost, PLLCLittle Rock

Gibbons noted many changes in the business over the course of 40 years, and thinks the biggest two may be regulation and attitude.

Gibbons thinks increased regulation has made the job less fun than it used to be. “The rules keep changing, and we are becoming more of the enforcement arm for the government rather that advocates for the people we work for,” he said. “I always felt my job was to help minimize the cost of taxes and financial burden for my clients, not help the government collect more than the fair share.”

Regarding attitude, Gibbons thinks many young people embarking on their career paths haven’t been forced to develop the same kind of work ethic as previous generations.

“Kids today grew up in a better world and have less expectation as to what it takes to be successful,” he said. Gibbons said the “really hungry kids get it and work to succeed, but the majority today expect an 8-to-5 job and really want to do little and get rewarded a lot.”

“Public accounting, like any profession, takes a lot of dedication, desire, drive and loss of social and personal freedom to be really successful,” he said. “It’s a career, not just a job. And as my favorite person used to say, ‘Life is a banquet and most poor suckers are starved.’”

Buy your tickets to the CFO of the Year Awards Luncheon to show your support for Tom.



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