Archive for November, 2009

I Pity The Fool: Partners Are Being Cut, Too

By Francine • Nov 4th, 2009

A reader asks:
Why would anyone out there continue this rat race when the firms cut partners based upon politics and numbers that they manipulate?
That’s a good question, grasshopper, but really the second question. First we should ask: “What is the value of a partner?”
You might think the smarter you are, the better you are at [...]

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Veteran’s Day In PwC Advisory: Say Auf Wiedersehen

By Francine • Nov 2nd, 2009

New US Advisory Leader, Dana McIlwain laid out the bad news: The time has come to cut. Average utilization is hovering at 69%. Cash collections are millions short. Campus recruiting for Advisory has been stopped cold. Business sucks and then there’s the 800+ BearingPoint folks to absorb. On November 11th the rank and file partners, fortified after training and coaching by HR via a webcast in the next few days, will chop 300+ professionals from PwC Advisory…

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