The global head of Deloitte questions says his firm won’t split while questioning the reasons used by EY leaders to sell its separation plan to partners, staff and clients.
“I’ll begin with a thank you for all you’re doing to take such great care of our people, our clients, our communities, in what continues to be a very dynamic environment around the globe. The success you’re driving is extraordinary. And sitting at the foundation of that success is our multidisciplinary private partnership model. Our choice to keep this incredible breadth of expertise and capabilities together under one Deloitte umbrella.
“This model is going to continue to be foundational to our strategy going forward. It has some complexities we have to manage. We invest a lot in doing that. I’m going to answer the questions that you’ve asked that get at those issues. But when you take a step back, and you look at the power of our combined organisation, the results speak for themselves.
“Real people, real careers. We’ve looked at how we’d go about a separation, if we were ever compelled to go down that path. You’d expect us to have done that. We will always maintain an absolute agility. We will always make certain all parts of Deloitte are positioned to thrive. But going through a separation is something we would only do if it was absolutely necessary. And we’re in the opposite position. Not only is it not absolutely necessary, we love what we have.
“Now we have a role to play here. We have to continue to demonstrate that we operate our organisation to the benefit of the markets, that we adhere to the highest standards, that we comply with the regulatory regimes around the world to reinforce through our own actions how valuable our model is to delivering on our public interest responsibilities. That is core to who we are and we will continue to do exactly that.
“We’re obviously sitting here in the early stages of a global boom in spending on digital transformation. So, your model, whether any upfront consideration fairly captures all those dynamics. And you can imagine different partner cohorts would have very different viewpoints around all that, not to mention the debates over what pieces go where as you try to carve up all these practices.“Is all of that a windfall for partners? You can make your own conclusion.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The ASX company helping to solve electric car ‘range anxiety’Carbon Revolution’s CEO says the lightweight wheels the company makes can extend the range of an EV by as much as 10 per cent before the vehicle needs a recharge.
Read more »
US promises ‘no clunkers’ amid suggestion Australia may get second-hand submarinesUS congressman Joe Courtney has given the clearest signal yet that Australia could receive second-hand Virginia-class submarines from the United States under the landmark AUKUS deal.
Read more »
US will give Australia high-quality nuclear subs, not 'clunkers', congressman saysJoe Courtney, a member of US Congress' Armed Services Committee, declares Australia will receive the highest quality Virginia-class nuclear submarines as part of the countries' AUKUS plan.
Read more »
US promises ‘no clunkers’ amid suggestion Australia may get second-hand submarinesUS congressman Joe Courtney has given the clearest signal yet that Australia could receive second-hand Virginia-class submarines from the United States under the landmark AUKUS deal.
Read more »
A US state outlawed drag shows. Now a push is on for bans across AmericaAs 13 Republican states move to restrict drag performances, US President Joe Biden has told “every LGBTQI+ American: I have your back against this hatred”.
Read more »