Abc Medium. Abc Large. ET Bureau. Recently, accounting firm KPMG promoted 27 senior executives to the position of partner. Come September, the firm is likely to promote a similar number as partners. In the past two years, PWC has poached many mid-level executives from competitors and made them partners along with a bunch of senior directors in its ranks.
The number of partners in the Big Four accounting firms — the others are Deloitte and EY — has nearly doubled to about 1, in five years. There is a catch though. Several of the executives who have been promoted are just partners in name.
They are actually salaried partners. As the title suggests, these people merely earn salaries. The real McCoy are the equity partners who not only earn a salary, but also share the spoils and have voting rights to elect the CEO. ETPrime stories of the day Investing Bad bet or value buy? Logistics There is a base, Gati hasn't destroyed itself.
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Team or Enterprise Premium FT. Pay based on use. Does my organisation subscribe? Overall, over a third E: simon. It operates in countries and territories and has more than , people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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