That is, in case you were worried. Reuters reports that Richard Fleming, the Head of Restructuring in the UK, said that “It’s still a large number. It’s still billions,” but so far things are moving quite nicely. “Our strategy this morning has been … where we have clients whose position is reconciled, and are due funds, then that money will flow.” Keep truckin’! [Reuters]
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The Latest on KPMG Compensation: Been Better, Been Worse
Just a quick follow-up to our earlier post on KPMG compensation. There’s been a fair amount of bellyaching about the less serious comments on the thread so we’ll alleviate some of the bitching with reports from trusted sources:
Senior associate promote in West advisory, SP+ rated, 11% raise, 3% bonus. Raise was higher than expected but bonus was definitely lower than what I thought it would be. It was explained to me that the 11% is inclusive of the promotion bonus so it’s really 5% promotion + 6% merit
And back on in the East:
NY Metro M1 to to M2: 10% base increase, $2,600 bonus, SP+ using 9-box system.
We understand that there are still sit-downs going on so do keep us updated.
Earlier:
KPMG Gives Green Light to Start Pretty Disappointing/Pleasantly Surprising Conversations
UPDATE:
Apparently some Klynveldians (we hear in NYFS) will get the esteemed pleasure of sweating this out through the middle of next week. We also had a mini-Flynn close to the situation inform us that “1st year managers can’t be exceptional performers [highest rating in the House of Klynveld].” Keep the tips coming in.
KPMG Ireland Associate Pleads with U.S. Counterparts to Help Him and His Bros Win Ski Getaway
The good ole US of A is always here to help its friends in times of need (whether it’s right or wrong is another matter completely). This reverberates all the way down to the multi-national companies that enjoy expansive networks in the U.S.
Getting to the point: from the mailbag:
I (along with EVERY associate and senior associate in the US) got this email this morning from some idiot staff in KPMG Ireland asking us to vote for him to win a vacation courtesy of Coors Light. I’ve never heard of this guy but apparently thinks he knows all of us well enough to ask us to vote for his stupid beer vacation.
I kid you not — he actually looked up every associate and sr associate distribution list for every region/office and practice. He’s listed as a “Trainee” in the global address book under KPMG Ireland FS Audit (whatever that means). This idiot needs to be taught some email common sense…
But when matters of utmost importance – such as a winning a ski getaway to British Columbia – there is only one place to turn…The United States:
Hey everybody!
Me and 2 friends have entered a competition to win a free ski trip to Whistler, Canada. It just depends on who gets the most votes in a week. If you could follow the link and vote for us I’d really appreciate it.
http://www.coorslight.ie/destination/profile/cde76g7p
It only takes about 10 seconds and no registration / email needed. You just enter your D.O.B to enter the main site (or any DOB that makes you over 18) then just hit the ‘vote for us’ tab on our profile –
Ri-Skii Business. If you can forward this to some friends or contacts in your different offices it could really help to put us out in front!Thanks!
Here’s the plea from the Ri-Skii Business page:
Idiot? Or sheer genius? We’ll let you debate that one. In any case, help the dudes out and go vote. They’re just looking for the next adrenaline rush.
Caption Contest Monday: The King and I
Background: Tim Flynn talking shop with King Abdullah of Jordan.
Same rules: Submit possible captions in the comments. We’ll choose our favorites — with preference given to those with an accounting/KPMG bent — and then let you vote for the best one.
Memo to TF: If you’ve got a transcript of the convo, feel free to post your favorite highlight as your submission(s).