Democracy at its finest. If you need explanation on any of these brilliant combinations, check out the comments from the original post.
Vote, after the jump
- Friday Footnotes: Feds Get a Tax Preparer in Their Biggest Pandemic Relief Bust Yet; AI Is Coming For Offshore Busy Work | 4.10.26
- Apparently Shouting “Promote Me! Promote Me!” in a Partner’s Face Can Get You Promoted at Deloitte
- Monday Morning Accounting News Brief: You Can’t Spell Audit Without AI; An Elaborate Scheme to Defraud the Air Force | 4.6.26
Today in Big 4 Thriftiness
Our post from yesterday re: PwC’s concern over your consumption of high fructose corn syrupy beverages has struck a nerve with some.
So, being big believers in striking while the iron is hot, we thought we’d tell you that about a tip we received telling us that KPMG has also recently raised the price of soda in their offices from 50 cents to 75 cents.
Thriftiness continued, after the jump
We also learned that any perks, luncheons, birthday cakes, etc., etc. that do not benefit the entire office have been eliminated. Gourmet coffee machines apparently still remain because the coffee drinkers will not settle for freeze-dried Taster’s Choice.
Bottom line seems to be one of two things: 1) The firms are squeezing pennies until Lincoln’s beard pops off or B) The powers that be are faux-concerned about the reality of you sitting on your asses for 12+ hours a day and are attempting to get you to cut down on the calories.
Discuss your firm’s favorite cost cutting measure, unique revenue ideas, or your plans for losing the Big 4 fifteen in the comments.
PwC’s Re-thinking of the Bell Curve Ranking
A tip we received yesterday mentioned that PwC has been progressively narrowing their performance rating scale. P. Dubs originally had the 1 to 5 scale, then moved down to 1 to 4, and now uses 1 to 3.
Obviously, this leaves less room for interpretation of one’s ranking as it compares to the other firms. As far as we know, E&Y and Deloitte both use 1 to 5, and KPMG has the indecipherable 9 box which is somehow combined with a 1 to 5 scale (we think?).
More, after the jump
So let’s talk about this whole mess. You don’t have to be a Elijah Watts recipient to figure out that, at the very least, PwC is making their rankings clear: 1 – you’re well connected; 2 – you’re lucky; 3 – you’re gone. On the one hand, there’s less confusion. On the other, it’s the firm’s way of squeezing people out based on “performance” rather than admitting that they are impervious to the struggling economy.
The rest of the firms are doing the same thing but due to the unwillingness or inability to make their ranking system less mystifying or subject to manipulation, forced ranking will continue. PwC seems to be the first firm to integrate a system that “legitimizes” it.
Discuss in the comments P. Dubya’s move here and why it works/doesn’t work and what the firms should be doing to improve their ranking systems because as it stands right now, it’s total bunk.
A Quick Word About Sending Us Tips
Hey, it’s Caleb. I’m going to take a few minutes of your otherwise 100% chargeable day to let you know that there are several ways that you can send us tips:
• Email: tips@goingconcern.com
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We appreciate all of you reading and all the tips that you have provided so far. Keep them coming!
Thanks. Now do something billable.
Preliminary Analytics | 08.21.09
• Switzerland’s Profit on UBS: $1.13 Billion – “On Thursday, Switzerland converted a note that gave it a 9.3% UBS stake and immediately sold the 332.2 million shares at 16.50 francs each, a 1.4% discount to the stock’s closing price Wednesday. The government said it earned an annualized return of 30% on the 10-month investment.” No doubt they went and bought… [WSJ]
• Madoff Yacht Up for Sale – Ninety footer named Leopard Bull. Sounds like Bern might have been describing his favorite undies combined with a self assigned nickname for a certain less than spectacular organ. [DealBook]
• Sale of Chicago Cubs to Ricketts family called ‘imminent’ – Yay, nay, or meh Cubs fans? [Chicago Tribune]
• #98 Sharon Allen – Forbes most powerful women list includes the Deloitte Chair. [Forbes]
Review Comments | 08.20.09
• ‘Cash for Clunkers’ to End Monday – “The move comes as the department tries to get an accurate accounting of how much money is left in the program, formally called the Car Allowance Rebate System.” Auditors needed? [WSJ]
• Benmosche Says He’ll Rebuild Units to Repay U.S. – That’s a bold statement. [Bloomberg]
• Harold Ramis Answers History’s Most Burning Question – “One Microsoft Excel owner recently speculated that Bill Murray’s character spent a total of eight years, eight months, and sixteen days reliving the same 24-hour period in Groundhog Day.” Okay, which one of you is wasting your billable hours on this? [Vulture]
• The problem with PowerPoint – Where do you start? [BBC]
• In a first, Starbucks lowers price of some drinks – Everybody breathe…Okay, got get one. [Reuters]
• Will Bank Regulators Diverge from GAAP? – Why the hell not? It’s not like anyone wants to converge with anyone else, anyway. [CFO]
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PwC Thinks it Can Dance
Probably not a new video for most of you but it’s the best PwC has to offer, as far as we can tell. If you’ve got other candidates, shoot them our way.
Video, after the jump
There you have it. Grant Thornton and BDO people need to lock it up. Point us in the right direction for a stupid video. We’ll put a poll together or something tomorrow to vote on the vids.
Your Daily Fix
Because some of you are obviously jonesing for it, we’ve got some updated details on this week’s Radio Station bloodbath:
• Dallas Somewhere between 30-40
• Silicon Valley Between 20-30
• Kansas City Five staff – Two associates, three SA’s and three in client service support
Still no final word on New York. Shall we just call it 50?
PwC is Thinking About Your Health
It’s no secret that accounting firms are desperate either to cut costs or to find new sources of revenue.
Today’s wonderfully shrewd example comes courtesy of PwC, who decided that your four or five soda a day habit was a perfect weakness to take advantage of. Apparently the firm increased the price of a can of soda from 30 cents to 60 cents to squeeze out an additional $30,000 in revenue.
Our source informed us that this was a such a brilliant idea that a partner felt compelled to mention it at a firm alumni council dinner. Classy.
It’s entirely possible that PwC is just concerned that too many of you are consuming far too much high fructose corn syrup but our speculation is totally unfounded.
If you’ve got more examples of your firm taxing you on junk food consumption or other redonkulous cost saving measures, discuss in the comments or shoot us the shrewd details to tips@goingconcern.com.

