1 min listen
How EY’s Project Everest collapsed
FromBehind the Money
ratings:
Length:
18 minutes
Released:
May 3, 2023
Format:
Podcast episode
Description
When news broke last year that EY was planning to split its businesses, it was seen as a move that could reshape the accounting industry. The bold plan was given an equally grand name, “Project Everest”. But after months of negotiations from within the firm, and despite the support of the global leadership, the plan recently fell apart. FT’s US accounting editor Stephen Foley and accountancy correspondent Michael O’Dwyer explain why that shakeup didn’t happen. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:EY risks paralysis and a power vacuum after break-up failureJulie Boland: the EY leader in the middle of a ‘civil war’EY to cut 3,000 jobs in US to eliminate ‘overcapacity’EY: embarrassing climbdown calls future strategy into question- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Stephen Foley (@stephenfoley) and Michael O’Dwyer (@_MODwyer)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Released:
May 3, 2023
Format:
Podcast episode
Titles in the series (100)
Taking a short break: Behind The Money is going on a short hiatus for the next few weeks. We'll be back on Tuesday 31 July with brand new episodes. In the meantime, send us an email to behindthemoney@ft.com if you have any feedback on the series so fa... by Behind the Money