Carmine Di Sibio has told staff at the firm that ‘no such decisions have been made’ about a potential float of the firm’s consulting arm.
EY global chairman and chief executive Carmine Di Sibio has told staff at the firm that “no such decisions have been made” about a potential float of the firm’s consulting arm.was based “on leaked documents that contain preliminary information, much of which is not current”., revealed that EY audit partners could be in line for a typical cash payout of $US2 million , and consulting partners could receive shares worth up to $US8 million in a newly floated advisory company.
The global leader made no mention of the potential windfall the firm’s 12,000-odd partners would receive in the event of a transaction, but promised staff the option selected would “provide the whole EY organisation with a compelling future”.Local EY partners and staff have had a mixed reaction to the details of the proposed split.
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