Earlier this week WSJ’s CFO Journal posted a piece entitled “Ernst & Young, After Its Failed Split, Could Find Itself Vulnerable to Staff Poaching.” They might as well have made the headline “Hey Big 4 Firms, There’s a Carcass Full of Meat Here For You to Pick Pieces Off Of” because the premise of the […]
As EY continues to hammer out the details of the audit and consulting split, PwC has set its sights on adding EY partners to The New Equation. Lots of EY partners. In October, PwC Global Chairman and 2012 Going Concern Hottest Accounting Firm Leader winner Bob Moritz told the Financial Times in no uncertain terms […]
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 […]
Are you a public accountant in a LCOL or MCOL Midwestern city? Put down the beer, open your ears, and whip out your wallet for this one. A source tells us California firms are setting their sights on comparatively lower cost of living Midwest cities to fill their vacancies. And they’re doing it not to […]
OK, as many of you know by now it’s not just someone, it’s our good friend Tom Hood, the longtime president and CEO of the Maryland Association of CPAs. Hood will be joining the Association of International Certified Professional Accountants (which for the purposes of this article we’ll call AICPA 2.0) as executive vice president, […]
Remember back in February 2019 when about 130 lawyers fled France’s largest law firm, Fidal, to go work at KPMG France’s new legal practice, KPMG Avocats, and Fidal managing partner Yves de Sevin was pissed and said the firm was going to sue the pants off of KPMG for “unfair competition?” Well, we have an […]
The IRS has itself a new associate chief counsel, international, in the Office of the Chief Counsel, and the agency plucked him away from our favorite four-letter Big 4 firm. Peter Blessing is his name, and international tax law is his game. “We are very fortunate to attract an individual of his caliber and expertise,” […]
Early last week we told you guys about KPMG France recently stealing away 130 lawyers (some reports say 144 or 145 lawyers) away from France’s largest law firm, Fidal, which is threatening to sue the Big 4 firm for “unfair competition.” But legal experts who were interviewed by Law.com say Fidal’s case against KPMG is […]
In Going Concern’s nine-plus-year history, Caleb and Adrienne have chronicled many, many instances of “competitive poaching” among the Big 4 firms. PwC and KPMG, in particular, have a long history of poaching from one another. But with the Big 4 firms’ legal brands showing huge growth among alternative legal service providers, what is starting to […]
Back in 2015, Caleb wrote an article based on a LinkedIn post by then-PwC Vice Chairman of Stuff Tim Ryan about an exceptional shoe shine guy he met at LaGuardia Airport. In typical holier-than-thou, white-collar fashion, Ryan kicked himself for not giving the guy his card, as he likely dreamed throughout his flight of offering […]
Colorado Chief Information Officer Kristin Russell is leaving Gov. John Hickenlooper’s administration for a leadership role in a new government cloud computing practice of Deloitte Consulting LLP. Russell will be stepping down May 9 after just over three years as CIO and secretary of technology for the state government. The state has already begun the […]
PwC US announced today that Steven Tseng has joined PwC US as a partner in the firm’s Transfer Pricing practice. Tseng will relocate to China in June to focus on helping multinational companies with their transfer pricing planning in China and the Asia Pacific region. Tseng will also take the lead role for tax and transfer pricing planning for companies seeking to transform their value chain globally, in particular in Asia.
Tseng joins the firm from KPMG, where he was the Asia Pacific Regional leader for Global Transfer Pricing Services (GTPS) as well as the partner in charge of GTPS in China and Hong Kong. Prior to this role, Tseng was partner in charge of Financial Advisory Services for KPMG in Finland.
Mr. Henry, a tax partner who has spent more than 25 years in public accounting, most recently at KPMG, has extensive experience in all areas of state and local taxation. He is best known for his work in the credits and incentives space, both domestically and worldwide. His experience in maximizing global incentives for large multinational corporations in the United States, Europe, Asia and Africa will enable both US-based and non-US-based multinational companies to benefit from his counsel when entering into economic incentives negotiations.