TakingStock - PwC panto - a real life drama.
Bad news over at PricewaterhouseCoopers. Our friends at the largest accountancy firm in the world have decided there isn’t enough money in the pot for everyone so a hundred or so fee earning partners have got to go.
Thursday last week the news was revealed to an unsuspecting world and the carnage followed.
Of course here at TS we were not surprised by the PwC panic measure.
Whispers had been telling us for some time that some hard working chaps were for the chop despite the apparently ‘successful’ merger.
Still what did surprise us was being invited to the firm’s annual panto, Dick Whittington, only to discover at the heart of the story was a poor young lad coming to London hoping to make his fortune.
Dick spent most of his time pounding the streets of the big smoke that were said to be lined with gold as he looked for work, but now it looks as though they will be lined with fee earning partners instead – armed with P45s.
Well Dick, we can tell you one place where you shouldn’t bother heading for.