EY Confronts Slowing Growth After Breakup Deal Fails
On a staff call this week, a senior Ernst & Young executive delivered an exhortation to the troops: Bill clients “every hour we can get our hands on.”
A failed breakup attempt cost the company $600 million. Employees are angry. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. by the month.
On a staff call this week, a senior Ernst & Young executive delivered an exhortation to the troops: Bill clients “every hour we can get our hands on.”
A failed breakup attempt cost the company $600 million. Employees are angry. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. by the month.
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