Behind the Money

How EY’s Project Everest collapsed


Listen Later

When news broke last year that EY was planning to split its businesses, it was seen as a move that could reshape the accounting industry. The bold plan was given an equally grand name, “Project Everest”. But after months of negotiations from within the firm, and despite the support of the global leadership, the plan recently fell apart. FT’s US accounting editor Stephen Foley and accountancy correspondent Michael O’Dwyer explain why that shakeup didn’t happen. 


- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

EY risks paralysis and a power vacuum after break-up failure

Julie Boland: the EY leader in the middle of a ‘civil war’

EY to cut 3,000 jobs in US to eliminate ‘overcapacity’

EY: embarrassing climbdown calls future strategy into question

- - - - - - - - - - - - - - - - - - - - - - - - - - 

On Twitter, follow Stephen Foley (@stephenfoley) and Michael O’Dwyer (@_MODwyer)


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

...more
View all episodesView all episodes
Download on the App Store

Behind the MoneyBy Financial Times

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

192 ratings


More shows like Behind the Money

View all
Economist Podcasts by The Economist

Economist Podcasts

4,287 Listeners

 by Financial Times

57 Listeners

World Business Report by BBC World Service

World Business Report

286 Listeners

Exchanges by Goldman Sachs

Exchanges

992 Listeners

Political Fix by Financial Times

Political Fix

150 Listeners

FT Tech Tonic by Financial Times

FT Tech Tonic

103 Listeners

Life and Art from FT Weekend by Financial Times

Life and Art from FT Weekend

199 Listeners

FT News Briefing by Financial Times

FT News Briefing

686 Listeners

The Intelligence from The Economist by The Economist

The Intelligence from The Economist

2,543 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,271 Listeners

The World in Brief from The Economist by The Economist

The World in Brief from The Economist

1,081 Listeners

The Rachman Review by Financial Times

The Rachman Review

138 Listeners

Working It by Financial Times

Working It

38 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

2 Listeners

The Markets by Goldman Sachs

The Markets

70 Listeners

Unhedged by Financial Times & Pushkin Industries

Unhedged

149 Listeners

Untold: Power for Sale by Financial Times

Untold: Power for Sale

133 Listeners

The Economics Show by Financial Times

The Economics Show

127 Listeners

Swamp Notes by Financial Times

Swamp Notes

18 Listeners