Consultants eyes on earnings.
TS couldn’t help notice the advertising blitz last Thursday morning about a certain management consultancy’s flotation.
The only thing was the advertiser wasn’t Accenture, but that staunchly dependent bunch, Deloitte Consulting, who proudly proclaimed they would not be heading down the IPO road.
As readers will be well aware, Deloittes is the only Big Five consultancy that has maintained it will not spin off from the mothership of Deloitte & Touche, instead preferring to keep everything under one roof.
Which is all well and good but TS wonders whether there might be one or two consultants at D&T enviously eyeing up the average $4.1m each of the Accenture partners could be putting in their back pocket.
For how long can they resist the IPO goldmine?