Big 4 Firms’ Reward Structure Contributes to Their Bullying Ways, Says Guy

“This is a constant Darwinian contest of survival of the fittest. We need a much better Big 4. Let’s hope the generation coming through will finish off this archaic system of tutelage and abuse based on the dream of the million pound pay day.”

Ken Charman, CEO of uFlexReward, a London-based data company that tracks and compares pay figures across companies, said about the recent resignations of KPMG U.K. Chairman Bill Michael and Deloitte U.K. Deputy CEO Dimple Agarwal, who also was the firm’s diversity and inclusion chief, after employees of the two Big 4 firms complained about their behavior toward staff.

Deloitte Bullying Claims Show Big Four Cultures Resist Change [Bloomberg Law]

Related articles:

KPMG U.K. Chairman Makes Himself Scarce After Calling His Staff Whiny Little Bitches
Right or Wrong: Bill Michael Is No Longer KPMG U.K. Chairman Because He Didn’t Mollycoddle Millennials and Zoomers
Another Big 4 Executive Bites the Dust In the U.K.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Which Firm Had the Most IPO Audit Clients In Q1 2021?

The SPAC bubble didn’t burst during the first quarter of 2021. Of the 407(!) initial public offerings in U.S. markets between Jan. 1 and March 31, 298 (73.2%) involved blank check or special-purpose acquisition companies, according to a new analysis from Audit Analytics. In total, the 407 IPOs raised nearly $134.7 billion—an increase of more […]

In Response to Discrimination Claims From Ex-Senior Officer, PCAOB Went on a ‘Deny’ Spree

The PCAOB emphatically denied the allegations made by its former chief administration officer Sue Lee who claimed in a wrongful termination lawsuit that she was the victim of a “xenophobic and racist campaign” against her by Chairman William Duhnke because of her Asian ethnicity. How emphatically did the PCAOB deny Lee’s discrimination accusations? The U.S.’s […]