EY partners are eyeing multimillion-dollar payouts from a possible split of the corporate giant's consulting and auditing businesses
Ernst & Young, one of the Big four accounting giants, is considering splitting its business into two companies, a move that would include multimillion-dollar payouts to most of the firm's 13,000 partners.
that a preliminary version of the proposal, codenamed Project Everest, aims for EY's consulting group to go public in an initial public offering penciled in for late 2023. The plan is still tentative and subject to approval by a partner vote, but pursuing the split would provide seven-figure windfalls to the highest-ranking EY employees.
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