
PwC Plans to Poach Unhappy Senior Managers From EY
While the pundits are talking about how the EY split could completely change the accounting industry as we know it and inspire other firms to split once they see the truckloads of cash pulling up to EY partners’ houses, one industry vet is perched at the periphery with a stack of offer letters just waiting […]

#TBT: That Time When PwC Global Chairman Bob Moritz Took a Pic with Bebe Rexha
The photo below was taken during the PwC Impact Conference at Walt Disney World, a three-day event where interns have to sit through some mind-numbingly boring sessions and are made to sing “Don’t Stop Believing” before they hit the swimming pool and hang out at Magic Kingdom. This particular year, 2019, the interns were treated […]

TIL: Bob Moritz Was Reappointed PwC Global Chairman … In February
Seriously, I had no idea until tonight when I saw the news release, dated Feb. 24, 2020, posted on PwC’s global website. This never hit our inbox and I can’t find anything else written about this online. Nothing. Poor Bob. They couldn’t even squeeze out a brief mention on PwC US’s website? You know, the […]

PwC Global Chairman Bob Moritz’s Work-From-Home Setup: An iPad, Laptop, No Monitors, Notepads Galore
BoMo took to IG yesterday to show PwCers his work-from-home battlestation, and to be honest, it’s more befitting of a first-year making $55,000 than the global chairman of the second-largest accounting firm in the world. In fact, every person who has recently posted their WFH setup on Reddit has a snazzier workspace than BoMo. To […]
Who’s #AuditorProud?
So here's a thing that is happening tomorrow: Use #AuditorProud & #PwC on Thursday to share your pride in the #accounting profession! pic.twitter.com/kp6M4TwozG — Bob Moritz (@Bob_Moritz) December 8, 2015 This whole thing is being spearheaded by the Center for Audit Quality who put out a fact sheet for anyone who's not familiar with how […]
Bob Moritz Has Your Back, Millennials
PwC chairman and senior partner Bob Moritz spoke at the Detroit Economic Club yesterday and his message was simple: stop hating on Millennials. Sure, some of them might appear to be shiftless narcissists wielding selfie sticks while texting and driving, but maybe it's because you've been judging them from a distance: “If you engage your […]
Here’s the PwC Partner Class of 2015
Well, this is exciting. The list of new PwC partners fell into our lap earlier today and now we're sharing it with you. They all officially join the partnership on July 1, the firm's New Year's Day. There are 201 partners in the 2015 class, one of the largest ever. The firm named 180 last […]
Bob Moritz Ready to Rock the Mic
Looking forward to engaging with my #PwC colleagues in Philly today at our Town Hall meeting at 2 pm EDT! #pwcphilly — Bob Moritz (@Bob_Moritz) May 14, 2015 Also, there seems to be a welcome committee of sorts: Excited to be with the great people of @PhilaPwC for our national "town hall" with @Bob_Moritz #pwcphilly […]
PwC Chairman Bob Moritz Says Heat Stroke Is Good for Your Career
Whelp, better get the trophies, as this is without a doubt the worst anecdote ever: Heat-tested in Texas. Here’s a great story about the importance of being agile and learning all you can from the opportunities you’re presented with. Early in her career, one of my partners at PwC was assigned to our Houston office. […]
PwC’s Bob Moritz Is Feeling Generous, Gives Us This Selfie
Has anyone seen that picture of Bill Gates going around Facebook that says he'll give a bunch of money to every dipshit who shares it? Yeah, it's fake. It's actually based on a piece of paper he held up for his Reddit AMA and of course the Internet jumped all over that and Photoshopped different […]
Caption Contest Tuesday: It’s Beginning to Look Like BoMo Has Lost His Mojo
First, BoMo was totally dissed at this year's Oscars after being dissed by Michelle Obama IRL last year. That's fine, though, maybe he was busy and had stuff to do that night. But now, not even interns want to hang out with him. Could these two look any more disinterested? I'll kick this off: "Cool […]
The Most Interesting Part of This Interview with PwC’s Bob Moritz Is When He Built Trust By Getting His Ass Kicked
It's intriguing that when interviewed by the New York Times, PwC's Bob Moritz (a.k.a. BoMo a.k.a. Adrienne's man crush) chose to highlight the fact that he learned all about diversity when he spent time in Japan and got his ass kicked. Unless you're having a particularly slow day, you can pretty much skip this interview […]
Get to Know Your New PwC Overlords
As we told you last week, PwC Assurance Leader Tim Ryan (the nicest guy at PwC, we're told) was taking a new role at the firm as the Markets, Strategy, and Stakeholders Leader. Or PWCMSSL, if you like. Today, PwC formally announced TR's new position as well as a few others with some hearty words from […]
At Least PwC Doesn’t Have to Worry About Improving the Supervision of Its Auditors Anymore
Last week the PCAOB dropped Part II of PwC's 2008 and 2009 inspection reports. This was only the second time a Big 4 firm's Part II had been released since the audit profession was blessed with government regulation. It was like a fire rainbow or an unassisted triple play. Rare! Exciting-ish! We pored over the […]
Here Are Some Possible Outcomes of the Papal Conclave If a Big 4 Firm Counted the Votes
As you may have heard, some guys in funny hats are trying to find a new leader to ride around in a funny car. No, it's not Barnum & Bailey's clown troupe; of course I'm talking about the College of Cardinals and their quest for a new Pope. It's quite the serious affair, as a billion or […]
PwC’s Little Stunt with the Best Picture Envelope Could Have Gone Horribly, Horribly Wrong
When Jack Nicholson jaunted on stage last night to present the best picture Oscar, I think we all expected him to be shitfaced. And he did not disappoint. What we didn't expect was Jack to hand off to Michelle Obama who said some things about how we like movies, yada, yada yada while some military-looking […]
PwC Partners Aren’t Sick of Bob Moritz
They actually like him quite a bit, it seems. You see, while BoMo bros out in Davos, the firm has announced that he has been re-elected as Chairman and Senior Partner of the U.S. firm. He'll get another four years in his role, unless of course he succeeds Dennis Nally in three years and the firm is forced to […]
A PwC Jack-o-lantern? A PwC Jack-o-lantern
It isn't easy to show love for your accounting firm during the Halloween season. No one is going to appreciate your Bill Deloitte and George Touche costumes and most parents would NEVER allow their eat anything that says "KPMG Kandy" on it. Fortunately, an enterprising PwC employee has shared a creation with us and extended a challenge to […]
Reminder to PwC Partners: The Firm Won’t Be Considering Your Deadbeat Relatives for a Job
As fall approaches, Big 4 recruiting for next year's crop of capital market servants will shift into high gear. This means lots of handshakes at catered events where students will make small talk, laugh awkwardly, and feign listening in order to land that all-important first job. There's a lot of preparation involved for these students […]
Here’s Your PwC Town Hall Open Thread
This thing is starting technically at 1:00 San Jose time but I have to go to…wait for it…hair and makeup, meet with handlers and whatnot, strip search, etc. etc. And since we typically don’t have *official* advance notice of these things, we’ve never done an open thread but this will serve as place where you can sound off while things are happening.
I’ll be tweeting from behind scenes, but if that’s not your thing, feel free to get pumped up for my little chat with Bob Moritz by watching this:
I have also heard that Bob’s entrance music is “More Important Than Michael Jordan” but these things can change at a moment’s notice.
Who Has Questions for PwC’s Bob Moritz?
Good morning and welcome back, capital market servitudes. If you’re a PwC employee, you may or may not have heard some rumors that I might be making an appearance at the firm’s townhall meeting this week to chat up Chairman and Senior Partner Bob Moritz. Well, I’m happy to report that, despite a number (read: LOTS) of detractors and an intensive background check, I am being given 20 minutes with BoMo to ask him whatever I want. The problem is, I’m out of ideas.
Of course, that’s where you all can help. If you have questions that you’d like me to pose to Roberto, then please leave them below in the comments and we’ll add them to our current list of inquiries. Maybe you’re a PwC employee who wants to know where all the holiday cheer is. Maybe you’re wondering what Bob’s job entails when he’s not writing painful letters to auditing regulators. Maybe you’re a KPMG partner who is patiently waiting to HEAR BACK ABOUT A JOB. Whatever’s keeping you up at night, just let us know and we’ll squeeze in as many questions as time will allow.
This may be your one and only chance, so don’t let this slide. Go.
Here’s PwC’s New Comp Structure in Its Entirety (And Thoughts on Salary Multiple)
Last Friday we broke the news of the “exciting changes” to PwC’s new compensation structure. We now have obtained the document in its entirety (on Page 2 of this post) for those interested in perusing and any P. Dubbers who are unable to navigate their own email or internal websites.
The news has generated a healthy discussion with mixed reviews so far but one reader wanted to focus on the salary multiple specifically
Caleb – I think something that has been glossed over by everyone is the expectations PwC has set around salaries throughout your career. While the attached excerpt [after the jump] shows that the firm wants you to think you will make 2X your starting salary as an average manager and 1.5X your salary as an average senior, it just doesn’t add up.
No one is making that multiple, and most don’t think they will get there when we get raises on July 1. Even the partners in our office said 1.5X for seniors and 2X for managers is an unreasonable salary expectation; they are also a little pissed that BoMo set such absurd expectations. From what I heard about the associate and senior webcast yesterday, a lot of the questions were some form of “why are you a lying piece of shit about compensation?” I haven’t had a chance to listen to the webcast yet, but I assume the answers to the questions were some sort of non-answer.
The firm has had a hard time keeping seniors around, so my best guess is they were trying to get senior expectations up to get them to stick around. I guess they didn’t count on accountants to check those figures and do the math to make sure everything was accurate.
Well, P. Dubs new managers and SAs – do the numbers add up? Tell us in the comments.
Comp Watch ’11: PwC Rolling Out ‘Exciting Changes’ to Compensation Structure
This just in:
Hey Caleb,
I’m surprised no PwC’er has posted this yet. Earlier this week, Bob Mortiz hinted into “exciting changes” as to compensation structure and transparency, with details to be provided this upcoming Monday on a webcast. It might be worth posting this on your website to get some reactions from fellow PwC’ers about what this means, or to facilitate blind speculation, which is always fun.
If this communiqué from BoMo is, in fact, a few days old, we are a little disappointed it took so long to reach our inbox. Regardless, we’re grateful for the tip now and let’s get on to the important matter of speculating about what ‘exciting changes’ entails, shall we? The possibilities are endless but we’ll try to kick things off:
A. Option to receive entire compensation package (including health benefits) in Omaha Steaks.
B. Spot bonuses given to employees with abnormally high utilization who manage to not die.
C. Elevator speeches will have bearing on employees’ merit increases.
D. Outstanding individual efforts will be rewarded with the choice between a serenade from Steve Beguhn or a special appearance by the DC-area piano player for your next fiesta.
E. Various competitive poaching payouts: KPMG Partner: $10,000; All other KPMG employees: $5; Ernst & Young Banking Partners: A punch in the face; Deloitte partner: $20,000; Deloitte partner with a full head of hair: $100,000 (hey, they’re hard to come by).
F. Your ideas.
Official New PwC Logo Launch Day: What Are You Doing with Your Old Business Cards?
Just in case you forgot gang, today is the official launch date for PwC’s new brand and logo. Despite the fact that everyone knew about this weeks ago, early October seems like the perfect time to remind people of how lovely it is to play Pong amongst the fall foliage, .
The other significant event of this day also reminds us of trees but not in a good way. You’ll remember that Bob Moritz stated in his FAQ (that don’t address color or shapes) that today would mark the day that new stationary would be put into use. This means that metric asstons of old PwC stationary, business cards, pens, tchotchkes, undies and so forth would be rendered completely useless.
This is especially awkward since P. Dubs just got done slapping themselves on the back for getting greener faster than a Whole Foods employee at sustainable living festival.
It’s entirely possible that the firm has undertaken various ideas to stem the amount of waste such as:
1) Encouraging everyone to use letterhead en masse running up to the logo launch
2) Having yard sales at offices nationwide to cut losses
3) They’re talking to the Met about a major donation to a future “Historical Corporate Crap” exhibition.
OR maybe they’re just having a giant weenie roast followed by s’mores for dessert (which we admit, would be pretty fun). If you’re engaging in a ritual of some sort and feel compelled to document the event, do get it touch with us and enjoy your fresh business cards.
Earlier:
Just in Case You Didn’t Think the PwC Rebranding Was Actually Happening