E&Y global chief steps down
Richard Bobrow is resigning as chief executive of Ernst & Young Global just 16 months into the job.
Link: M&A partner cull at Ernst & Young
E&Y said the move was taken to streamline the executive team.
It means James Turley, chairman will also assume the role of chief executive. But the move comes just 16 months after Bobrow took on the job and less than a year since E&Y’s finances were revealed in his divorce case.
Jan Bobrow was awarded $15m (£9m) last year after an Indianapolis court delved into E&Y’s figures to establish her husband’s worth.
The judge estimated Bobrow’s net worth at $24.5m and predicted that his total income would be $36m to $54m a year as chief executive.