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2010 FEI CFRI Conference: A New York State of Mind

Monday, November 15th, 2010

I’m spending a few days in New York, covering the 2010 Financial Executives International (FEI) Current Financial Reporting Issues (CFRI) Conference. It’s two days at the Marriott Marquis chock full of FASBs, GAAP, SEC and CFO -types, and a chance to see some of the others who have covered the conference with me these past [...]

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Taking Your Pulse

Monday, September 20th, 2010

The Top Searches these past twenty-four hours. Quite a wide variety and pretty sophisticated…

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Upcoming Speeches and Appearances: Fall 2010

Wednesday, September 1st, 2010

You can read my stories here. This fall you can also see me talk about these stories live. And you can support my coverage of key conferences that will produce new stories about the audit firms and accounting profession.

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Ratings, Raises and Promotions – Forced Ranking In The Big 4

Monday, August 16th, 2010

This was originally posted  Going Concern.com on August 12, 2009.
…there’s definitely collusion/shenanigans going on amongst the big 4 for compensation along with extending dates for promotions. Ratings manipulation is also going on along with unfair treatment of those that tried to go above and beyond….”
Both Deloitte and KPMG admitted last fall that job cuts [...]

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McKenna Quoted in St. Petersburg Times

Tuesday, August 10th, 2010

There’s a great new update on the story of PwC’s cuts of more than 500 internal IT professionals in the Florida and Atlanta markets. It was written by Jeff Harrington at the St. Petersburg Times on Sunday August 8th.  Harrington focuses primarily on the local impact of the cuts. He finds evidence that PwC promised [...]

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Updated: PricewaterhouseCoopers Cuts Hundreds of Internal IT Professionals

Thursday, July 29th, 2010

In a move that was too big to hide, PricewaterhouseCoopers on Thursday cut between 500-800 professionals from its internal IT organization. Multiple sources are telling me the number is closer to 800. In any event, PwC admits, in an unprecedented press release, that there is no severance offered because they are giving professionals until the end of the year to find other jobs.

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Guest Post From Greg George: Thinking Of Striking Out On Your Own? Be Careful!

Monday, January 25th, 2010

So many of you are no longer working for the Big 4 or next tier firms.  Those of you who had a chance to stay long enough – not as common as in the past and more often not your choice these days – may be thinking about setting up your own shop.  Whether it’s [...]

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Lost Your Job? No One Cares!

Thursday, November 19th, 2009

You may have been cut from one of the audit firms in the past several months. You may still be working but feeling a bit insecure. The cuts have been well documented here. Regardless of how much the firms and their cheerleaders try to diminish the significance of any individual action they’ve taken, they all add [...]

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Live Our Values, Demonstrate Our Behaviors, Support Our Strategy…

Thursday, November 5th, 2009

I think about the “one-firm firm” concept frequently. It’s an ideal that I can safely say all the Big 4 audit firms aspire to. And David Maister was the guru when I started in consulting in 1993 at KPMG Consulting. Later my mentor gave me his book, Managing Professional Services Firms, and I was hooked on the theory of professional services as well as the practice. So much has changed even in my professional life, which only goes back to the early 80’s. Front and center are the threats to the global network of all the firms and the focus on aggressive growth while diluting the partnership culture of the firms by perverting their compensation structure. Partner performance assessment has become a short-term, self-serving tool to throw disproportionate wealth to a small group of senior leadership.

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Veteran’s Day In PwC Advisory: Say Auf Wiedersehen

Monday, November 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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