According toSunday Business,the group, which is to list on the New York Stock Exchange in July, is expected to publish this information in its prospectus due out in mid-June, where it will also show that senior partners earned between $3m and $4m a year.
However, according to the Sunday paper, only 1,000 of the 2,500 will continue to earn $1m annually next year. The consultancy plans to introduce significant pay cuts, following the IPO, with some partners losing as much as 50% of their salary.
Partners taking pay cuts will be rewarded by a more generous bonus scheme, which from next year will be performance related. A source within the firm told Sunday Business the balance between remuneration and bonuses was something partners were ‘accepting’.
The float of 20% of Accenture is scheduled for the 14 July, subject to approval by regulator, the US Securities & Exchange Commission.
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