Earmark Podcast | Earn Free Accounting CPE

Becoming Employee-Owned: How BDO Broke Out of the Partner Model

Listen Later

Wayne Berson, CEO of BDO USA, joins Blake and guest host, David Leary, to discuss BDO's recent transition to an employee stock ownership plan (ESOP), making it the first major accounting firm to implement an ESOP structure. They discuss how the ESOP aims to attract and retain talent in the accounting profession and provide employees at all levels with an ownership stake in the firm.

Chapters

  • (00:44) - Why do an Employee Stock Ownership Plan(ESOP) now?
  • (09:06) - BDO borrowed $1.3 billion - what is that money for?
  • (14:52) - How will ESOP benefit staff?
  • (19:06) - Is there a way to pull money out of the ESOP without leaving?
  • (29:15) - How do you become a partner at BDO?
  • (31:25) - What are my options when I'm a partner at BDO?
  • (35:54) - What are your thoughts on the talent shortage and the 150-hour rule?
  • (47:47) - What advice do you have for other firms thinking of becoming an ESOP?
    • Sign up to get free CPE for listening to this podcast

    https://earmarkcpe.com

    Download the Earmark CPE App
     
    Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728

    Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app


    Connect with Our Guest, Wayne Berson

    LinkedIn: https://www.linkedin.com/in/wayneberson/

    Learn more about BDO

    Website: https://www.bdo.com/

    Connect with Blake Oliver, CPA

    LinkedIn: https://www.linkedin.com/in/blaketoliver
    Twitter: https://twitter.com/blaketoliver/

    ...more
    View all episodesView all episodes
    Download on the App Store
    Earmark Podcast | Earn Free Accounting CPEBy Blake Oliver, CPA
    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    25 ratings

    More shows like Earmark Podcast | Earn Free Accounting CPE

    View all
    Money Guy Show by Brian Preston and Bo Hanson

    Money Guy Show

    3,178 Listeners

    Accounting Best Practices with Steve Bragg by Steve Bragg

    Accounting Best Practices with Steve Bragg

    256 Listeners

    Growing Your Firm | Strategies for Accountants, CPA's, Bookkeepers , and Tax Professionals by Jetpack Workflow

    Growing Your Firm | Strategies for Accountants, CPA's, Bookkeepers , and Tax Professionals

    73 Listeners

    PwC's accounting podcast by PwC

    PwC's accounting podcast

    179 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    412 Listeners

    The Accounting Podcast by Blake Oliver & David Leary

    The Accounting Podcast

    337 Listeners

    Small Business Tax Savings Podcast by Mike Jesowshek, CPA

    Small Business Tax Savings Podcast

    250 Listeners

    Business Strategy for CPA's by Geraldine Carter

    Business Strategy for CPA's

    43 Listeners

    Future Firm Accounting Podcast by Ryan Lazanis

    Future Firm Accounting Podcast

    24 Listeners

    The Modern CPA Success Show by Summit Virtual CFO by Anders

    The Modern CPA Success Show

    9 Listeners

    Oh My Fraud by Caleb Newquist

    Oh My Fraud

    133 Listeners

    Consultants and Money by Erica Goode

    Consultants and Money

    59 Listeners

    Federal Tax Updates by Roger Harris, EA and Annie Schwab, CPA

    Federal Tax Updates

    30 Listeners

    Jason On Firms Podcast by Jason Staats

    Jason On Firms Podcast

    54 Listeners

    Unofficial QuickBooks Accountants Podcast by Alicia Katz Pollock, MAT

    Unofficial QuickBooks Accountants Podcast

    43 Listeners