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February 2, 2023

McGladrey’s Repurchase of McGladrey Results in Unfortunate Consequences for McGladrey Director, Says McGladrey Director’s Farewell Email

More specifically, he was told that his services were no longer needed:

Here is the scoop on why I am leaving McGladrey…
 
Given the recent $600 million transaction that McGladrey completed this fall, there have been some resulting changes – one of which is a significant restructuring.  As a result, I was informed recently that “my position has been eliminated”. This is the reality of the economics of large company transactions… I feel good about leaving on the heels of my recent sales performance of 111% of quota for last year and 108% of an even larger quota through three quarters of this year… After having one of the most successful years in my business life in 2011, I find myself looking toward new challenges… I will let you know my next move as soon as things are finalized.
It's only been just about two months since H&R Block sold RSM McGladrey back to McGladrey & Pullen, so the fallout is obviously happening (if hasn't been for awhile already). If your position has also recently been vaporized, including your iPad being confiscated and/or cake and punch privleges have been revoked, we'd love to hear your story. Email us.
 

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