As the financial world waited for a verdict in the Enron trial this week, such generous rises may seem a little perverse. But if Enron shows anything it shows the need for proper financial policing – by internal and external accountants, business managers and regulators. Getting the right people requires the right salaries and the right salary rises to ensure organisations can retain the right talent.
That’s one way of looking at it. The other is to say that most accountants would have received their last annual rises in January this year – before the full implications of Enron. Add to that the fact that the problems and profits warnings brought about by September 11 and the economic slowdown have only bitten in 2002, and you could be forgiven for concluding that the impact on the annual professional services pay round has yet to be felt. There is probably truth in both theories. But the accountancy industry is unlikely to hand out as many double-digit percentage point pay rises over the next year.
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting