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Exposure of PwC Email Scandal Really Put a Damper on Irish Accountants’ Spirits

Posted on November 22, 2010 by Caleb Newquist

We kid, we kid. The lid being blown off PwC Email Hottiegate probably has a few people down in the dumps but it’s more likely that Ireland’s Greece impersonation is what has the country’s accountants wallowing in their sorrows.

Irish accountants are more pessimistic than their international counterparts about the future of the economy, according to a new global survey.

Only about a quarter of Irish accountants, surveyed by the Association of Chartered Certified Accountants (ACCA), believed the global economy was in, or close to, recovery and more than half believed it would remain stagnant for some time yet.

This is much more pessimistic than the global view where less than half believed that conditions were stagnating or deteriorating. With regards to business confidence, Irish respondents continued to report falling confidence, but only marginally so, with 32 per cent reporting a loss of confidence and 27 per cent reporting gains.

Irish accountants more pessimistic than their peers [The Post]

Posted in PwCTagged Ireland, PwC, PwC Email Hottiegate, The beatings will continue until morale improves

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Hopefully this isn’t what Bob Moritz meant when he was talking about “exciting changes” to the comp structure. This is according to a tip we’ve just received over the Twitter wire. In case you need a refresher on Steve:

Here’s a confirmation email we received a short time ago:

I have a friend who sent me a stream of consciousness via text while he listened to the webcast. Basically, it was no bonuses for the year (apparently everyone on his team started flipping out when they heard that), you’ll get to know how your salary compares to the rest of your group (er, who really wants to know that?), a extra day off for 7/4, and they got Steve to end the webcast by singing and dancing.

Wow.

SEE UPDATE BELOW: “[N]o bonuses for the year” apparently means “partners haven’t discussed handing out FYE bonuses and it doesn’t appear that they will.” On the bright side we heard that Steve sang Adele’s “Rolling in the Deep” and “some John Mayer song.”

UPDATE:
Based on the conversation below and other chatter we’ve heard, it appears the timing of the payout will not be accelerated rather than “no bonuses.”

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