September 21, 2018

BDO Poaches a Prominent Healthcare Consultant From PwC and Issues a Press Release, Part I

Oh, how we love a good poaching expedition. Especially when a firm feels so good about their prize that they get the PR team involved.

BDO USA, LLP, one of the nation’s leading professional services organizations, announced the expansion of the firm’s Healthcare Industry consulting capabilities with the addition of Patrick D. Pilch as a Managing Director in BDO Consulting. In this role, Mr. Pilch will lead a range of strategic business advisory and restructuring services designed to assist organizations in repositioning for success through the stabilization and improvement of their operational and financial positions. These services include business strategy, business transformation, performance improvement, turnaround, interim management, and M&A advisory

Pilch is a pretty nice catch for BDO, though. Most recently, he was an MD in PwC's Healthcare Advisory Practice and Senior Director at Alvarez & Marsal prior to that and has held a number of other positions including Salomon Brothers and Peat Marwick (it was the 80s, some of you weren't around).

He has a Columbia MBA, he did study accounting and is still a member of the AICPA. The former might make some of you feel better; the latter perhaps not. Nice bag, BDO!

[BDO

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In Case You Need Another Reason to Hate the French

french flag.jpgWalking around the PwC office in Midtown Manhattan, our blogospondent in the field happened across a couple of young ladies having the picture taken in front of the P Dubya sign out front, proudly posing as if it was their names on the building at 300 Madison.
Said blogospondent approached the young ladies and asked if they worked at the P Dub and they responded in heavily French accents, “yes”. As result of further prying, it was revealed that the ladies do work a lot during “busy times”, sometimes between 50 and 60 hours a week!
This compared to an American tax associate who we spoke to just a couple days before who, in the last fifteen days, had worked 185 hours.
Let’s recap: America – 185 hours in 15 days in the middle of June vs. France – 50-60 hours in one week during the “busy time”.
American vitriol towards the French may now ensue.

BDO

Jeremy Newman Just Wants to Be Clear, We are NOT Declaring Victory Over Banco Espirito…YET

BDO_International.pngAfter throwing an all night rager last week when BDO International Global Coordination skated on the $521M verdict, Jeremy Newman, BDO Boss, wants everybody to chill.

Newman said he had always been confident that BDO International’s arms-length approach would be proved but added: ‘There is still the risk of a further appeal, as well as the appeal by the US firm.’

See? Staying cool. Not out of the woods yet. But when we beat those bastards on appeal, then we are getting down.

Newman stays cool after BDO victory
[Accountancy Age]