Partners closest to retirement will once again be the big winners if EY proceeds with a plan to sell off its consulting arm, according to a former partner.
Partners closest to retirement will again be the big winners if EY proceeds with a plan to sell off its consulting arm, according to a former partner who was there the last time the firm split its operations.
“Partners close to retirement may be seeing dollar signs” in any potential sale of the consulting arm, said former EY partner John Igoe. “The younger non-equity partners, there may not be a lot in it financially for them.” “The EY/Cap Gemini was largely a scrip deal for the partners. It was a financially attractive deal for partners at the time,” he said.
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