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Rumour on EY Breakup Plan: Split into Accounting Firm and Consulting Firm, Each Partner to Receive $8 Million
24th June 2022 | Hong Kong
EY proposal to breakup and split the accounting firm and consulting firm to reduce conflict of interest and to accelerate respective business growth, may result in each partner to receive $8 million in payout. In the breakup, the consulting business may go publicly listed with estimated market value of around $10 billion, with equities being distributed to EY partners and EY employees. EY is currently reviewing its business plan, and will be in consultation with regulators, and will also be required to go through a voting process with EY partners. EY is one of the world’s largest accounting firm and one of the Big 4 accounting firm alongside Deloitte, KPMW & PwC, has around 312,000 employees globally.
“ Rumour on EY Breakup Plan: Split into Accounting Firm and Consulting Firm, Each Partner to Receive $8 Million “
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EY Breakup Plan: Split into Accounting Firm and Consulting Firm, Each Partner to Receive $8 Million
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