We kid, we kid. The lid being blown off PwC Email Hottiegate probably has a few people down in the dumps but it’s more likely that Ireland’s Greece impersonation is what has the country’s accountants wallowing in their sorrows.
Irish accountants are more pessimistic than their international counterparts about the future of the economy, according to a new global survey.
Only about a quarter of Irish accountants, surveyed by the Association of Chartered Certified Accountants (ACCA), believed the global economy was in, or close to, recovery and more than half believed it would remain stagnant for some time yet.
This is much more pessimistic than the global view where less than half believed that conditions were stagnating or deteriorating. With regards to business confidence, Irish respondents continued to report falling confidence, but only marginally so, with 32 per cent reporting a loss of confidence and 27 per cent reporting gains.
Considering this hunk of metal and glass has been empty since before the Iraq War started, San Jose Mayor Chuck Reed could probably muster a little more enthusiasm than this:
San Jose Mayor Chuck Reed said Wednesday that he was “excited” that PwC was staying in San Jose.
Something along the lines of “OMG! OMG! OMG! OMG! PwC, we are so grateful that you saved this building from becoming overrun by cobwebs and rats plus, it won’t be the laughingstock of our skyline anymore!”
No, Mayor Reed kept things fairly tepid:
“It’s a big relief for me,” said Reed. “I was worried about a major tenant moving out of downtown.”
Plus, you know, having this eyesore remain empty for a few more years.
It was quiet yesterday on the PwC Email Hottiegate beat as nothing new was reported out Ireland except that the country may or may not be going the way of Greece. Thank God we can set aside all this fiscal sovereignty stuff and get back the really important issues.
The latest from the Emerald Isle is that the young ladies in question were considering lawsuits against the dudes in question but now according to the Irish Central that won’t be happening:
The 13 women, who were trainees up to last Friday are not going to pursue legal action against the males in question responsible for the rating system.
It is believed last week that they may file sexual harassment charges against those involved but it is being reported that the apprentices are more interested in getting their careers off the ground and focusing on their new jobs.
The report also states that five of the male associates have been suspended, which is two more than initial reports last week. As for the ultimate fate of the offenders, it doesn’t sound like anyone is screaming “off with their heads!”
“The email was unacceptable and childish but no one in here thinks it should be a sackable offence,” a source within PwC told the Sunday Tribune.
“It happens in here every year.
“But it also happens at all the other big accountancy firms and solicitors firms both in Ireland and abroad.
So using work email to pass around pictures of co-workers ranking them by hotness and including sexist comments as long as it remains in the confines of the company is an annual tradition but once it gets outside the company, it’s unacceptable and childish behavior. Got it.
Caleb likes to turn to me for all matters female-related (pay, the work-life lie, etc), so he asked if I would skip my CPA exam column today – since none of you sent me any questions to answer anyway – and give my opinion on the stupid PwC Ireland dbags who spread around pics of hotties.
“Sure,” I said, sharpening my claws.
First, have we NOT told you people over and over again DON’T USE WORK EMAIL FOR DEBAUCHERY AND GENERAL ASSHATTERY?! Speaking only for myself, I have specifically written here and on JDA at least a bazillion or more times warning of the dangers of sloppy conduct in a manner completely traceable by management, colleagues and clients.
What is it going to take to get this through your heads? I remind all of you that after Enron blew up every single email was made public by the Justice Department (and if you’re bored, you can search through said emails here but I warn you, some are gross and graphic even to me) so don’t think what you do on the company PP&E is limited to whomever you copy on your piggish emails.
And remember, with snitches everywhere, everyone has our email address and as obviously demonstrated by this whole PwC hottie email being sent to us first, chances are if you’re acting like an ass we’re going to find out and embarrass you. Call it our way of continuing to protect the public interest even though Caleb is retired from the profession and I am but an enthusiastic outsider without a CPA.
Second, I really don’t care if pigs decide to rank women in their office by hotness but if you’re going to do it, man up and attach cockshots so the girls can do their own ranking. You know, in the interest of fairness. If you’re not willing to apply the same sick standard to your own goods while contemplating the goods of your coworkers, leave the immature ranking to the bar and not extensive email chains. Seriously. If any of the PwC Hottie perps care to redeem themselves, cockshots may be addressed directly to me here. If I don’t receive any, I’ll assume that’s because you all are a bunch of shrunken cowards who aren’t getting any anyway.
Last but not least, don’t you guys have anything better to do? Seriously. This level of creepiness is just one level above stalking, frankly, and it is both disturbing and hilarious that these three PwC Ireland associates have absolutely nothing better to do than play Hot or Not on company time using company email. Can’t you just watch porn like SEC employees or play constant solitaire like normal folk wasting company time?
Sick. Entertaining and not all that offensive, just sick. I cannot speak for the rest of the female race and only for myself but I’m pretty sure many of them would also feel these idiots can possibly redeem themselves with cockshots. Commence to repentance, losers.
Creative spelling but you’ll get the idea.
FULL DISCLOSURE: the editor does not drive a Subaru.
~ Update includes full statement from PwC Ireland.
In case you’ve been in a coma for the last two-ish days, you’re aware of the email that originated inside PwC Ireland that more or less likened the new female associates to a BCS ranking. Said ranking was scored by hotness (instead of bullshit algorithms), it made the rounds as these things often do, found its way into various publications and well…at least it’s Friday, amiright?
The latest news out of Ireland is that three of the male associates have been suspended as the firm’s investigation continues.
Ronan Murphy, a “senior partner,” has issued a statement saying that he ‘deeply regrets’ the incident which .
And as the investigation continues, the firm has spread the word on the inside, as the report from The Journal of Ireland also states:
An internal company message has since been circulated by PwC bosses, warning that anyone who breached the company’s code of conduct and regulations would face “serious disciplinary action”.
As far as the top
10 13 ladies are concerned, there are reports that they are more upset with the media coverage than they are with the actual email.
We really don’t have any revenge ideas on that front but a little media backlash is always expected.
A spokesperson for PwC in the States forwarded us PwC Ireland’s full statement:
We refer to the article in yesterday morning’s Irish Independent relating to emails circulated within and outside of PwC. We first became aware of this matter on Tuesday evening . We are taking it extremely seriously and have commenced a full investigation which is ongoing. We are taking all of the necessary steps and actions in accordance with the Firm’s policies and procedures. Our main concern is the impact of this on the women who were the subject of these emails. We met with them a number of times to give them all of the support they may need in dealing with this. We are particularly concerned and appalled at the compounding effect of the publication of the women’s photographs in some of the papers this morning and last evening. PwC regrets this situation as it always requires its people to adhere to the highest level of standards in their conduct and behaviour.
As you might expect, there’s been a fair amount of outrage about the PwC Ireland Hottie List 2010. Revenge ideas are already being floated and we were pointed to the following comment over at Gawker (although we can’t seem to find it now):
If PricewaterhouseCoopers fails to act promptly and decisively on this, the women of the company have a couple of other ways to achieve justice.
My favorite is taking a full page ad in the business section of the leading newspapers… featuring corporate photos, titles, and marital status of the 17 men. The copy would say: “Instead of working on YOUR accounts, these men spend their time imagining their coworkers as sexual objects.”
The copy would be 100% true and provable, so it ought to get published. The wives, girlfriends, neighbors, and churchgoers can take it from there. Any of these men will find it harder to go on an out-of-town trip or stay late in the office without getting mangled in the wringer. And PWC will face questions about its billable hours.
If PWC still fails to act, the next ad can feature the same men, but the copy will say, “There were 13 people on their Top-10 List. Do you really want them auditing YOUR books?”
The 13/10 idea is quite brilliant and we suspect other firms (with the exception of KPMG) to capitalize on it immediately.
It’s been said “the best revenge is living well,” but since these ladies work at PwC, there’s virtually no chance of that. It’s also not clear at this time what firm the action is taking against the perps. Accordingly, some ideas from the peanut gallery are in order for revenge/punishment. Ideas might include:
1) Forced sobriety on the dudes in question.
2) Giving them the horrendous responsibility to respond to all the questions regarding the colors and shapes used in PwC’s new logo.
3) Send them to China with no language training.
That’s just to get your brains working. Leave suggestions below.
We kid, we kid. Obviously this was up prior to this year’s “Rank the Hotties 2010” email got loose as the old logo still lives on in Minneapolis.
Which begs the question, did the Twin Cities not get the memo on the launch? We don’t know if there is an internal disciplinary action for this sort of non-compliance but it does demonstrate a shocking lack of attention to detail.
You may or may not have heard already about a little email making the rounds in Ireland that originated inside PwC. A few dudes figured they would rate the female incoming associates and of course the thing went viral. PwC’s leadership in Ireland got wind of it and since this sort of thing is typically frowned upon, they are now investigating the matter.
It’s rumored that this ranking is a “tradition” inside the firm but if it sounds familiar, it should. Last year we reported on a similar contest that originated inside Del��������������������nders were reversed and there were creative categories like, “Most likely to sleep his way to partner.” This particular ranking is about as imaginative as you would expect from a bunch of dudes at PwC.
Because we’re the ambitious type, we thought we’d try to run down the email and photos and by the grace of the gossip Gods, our persistence paid off. After the jump, the email with the less-than-classy comments – including one guy asking his email to be removed if it the message was going to be forwarded – and the accompanying slideshow (sans names of course).
FW: This would be my shortlist for the top 10
O’Carroll, Richard (IE – Dublin)
Ryan, Evan@Dublin, Mac Giolla Bhride, Jack (IE – Dublin), McInerney, Ruaidhri (IE – Dublin), Mark Gantly
History: This message has been forwarded.
Delete my email signature etc if forward.
From: email@example.com [mailto:firstname.lastname@example.org]
Sent: 27 October 2010 11:27
To: Nolan, Alan (IE – Dublin); Burbridge, Gerard (IE – Dublin); James.Phelan@cbre.com; David.MacUileagoid@mercer.com; John.Murphy@hsoc.ie; Lord, Patrick (IE – Dublin)
Subject: Fw: This would be my shortlist for the top 10
FYI. New clunge.
David Mc Donough | Senior Associate | Asset Management |
pwc | One Spencer Dock | North Wall Quay | Dublin 1 | Ireland |
Direct (: + 353 1 792 5633 | Fax 7: + 353 1 792 6200 | E-mail *: email@example.com
—– Forwarded by David McDonough/IE/ABAS/PwC on 27/10/2010 11:26 —–
To Colin Burke/IE/ABAS/PwC@EMEA-IE, Gavin Dunne/IE/ABAS/PwC@EMEA-IE, Gerard Somers/IE/ABAS/PwC@EMEA-IE, John Leonard/IE/ABAS/PwC@EMEA-IE, Leon Nangle/IE/ABAS/PwC@EMEA-IE, Maurice O’Brien/IE/ABAS/PwC@EMEA-IE, Neil Collins/IE/ABAS/PwC@EMEA-IE, Patrick Meagher/IE/ABAS/PwC@EMEA-IE, Pierce Kenny/IE/ABAS/PwC@EMEA-IE, Robert E Byrne/IE/ABAS/PwC@EMEA-IE, Rory Bluett/IE/ABAS/PwC@EMEA-IE, Paul G Cummins/IE/ABAS/PwC@EMEA-IE, Gavin Friel/IE/ABAS/PwC@EMEA-IE, Mark Rochfort/IE/ABAS/PwC@EMEA-IE, David McDonough/IE/ABAS/PwC@EMEA-IE, Stephen Doherty/IE/ABAS/PwC@EMEA-IE
Subject Fw: This would be my shortlist for the top 10
Lads a couple added and also departments
Stephen Tully | Senior Associate | Asset Management Group
PricewaterhouseCoopers | Assurance
One Spencer Dock | Dublin 1 | Ireland |(: 353 -1-792-5793 | 7: 353-1-792-6200
—– Forwarded by Stephen Tully/IE/ABAS/PwC on 27/10/2010 10:18 —–
Paul G Cummins/IE/ABAS/PwC
To Stephen Tully/IE/ABAS/PwC@EMEA-IE
cc Colin Burke/IE/ABAS/PwC@EMEA-IE, Gavin Dunne/IE/ABAS/PwC@EMEA-IE, Gerard Somers/IE/ABAS/PwC@EMEA-IE, John Leonard/IE/ABAS/PwC@EMEA-IE, Leon Nangle/IE/ABAS/PwC@EMEA-IE, Maurice O’Brien/IE/ABAS/PwC@EMEA-IE, Neil Collins/IE/ABAS/PwC@EMEA-IE, Patrick Meagher/IE/ABAS/PwC@EMEA-IE, Pierce Kenny/IE/ABAS/PwC@EMEA-IE, Robert E Byrne/IE/ABAS/PwC@EMEA-IE, Rory Bluett/IE/ABAS/PwC@EMEA-IE, Paul G Cummins/IE/ABAS/PwC@EMEA-IE, Gavin Friel/IE/ABAS/PwC@EMEA-IE, Mark Rochfort/IE/ABAS/PwC@EMEA-IE
Subject Re: This would be my shortlist for the top 10Link
Great work…..have reservations about the last one getting in……
Paul Cummins | Senior Associate | Asset Management |
pwc | One Spencer Dock | North Wall Quay | Dublin 1 | Ireland |
Direct (: + 353 1 792 6087 | Fax 7: + 353 1 792 6200 | E-mail *: firstname.lastname@example.org
To Colin Burke/IE/ABAS/PwC@EMEA-IE, Gavin Dunne/IE/ABAS/PwC@EMEA-IE, Gerard Somers/IE/ABAS/PwC@EMEA-IE, John Leonard/IE/ABAS/PwC@EMEA-IE, Leon Nangle/IE/ABAS/PwC@EMEA-IE, Maurice O’Brien/IE/ABAS/PwC@EMEA-IE, Neil Collins/IE/ABAS/PwC@EMEA-IE, Patrick Meagher/IE/ABAS/PwC@EMEA-IE, Pierce Kenny/IE/ABAS/PwC@EMEA-IE, Robert E Byrne/IE/ABAS/PwC@EMEA-IE, Rory Bluett/IE/ABAS/PwC@EMEA-IE, Paul G Cummins/IE/ABAS/PwC@EMEA-IE, Gavin Friel/IE/ABAS/PwC@EMEA-IE, Mark Rochfort/IE/ABAS/PwC@EMEA-IE
Subject This would be my shortlist for the top 10
From the mailbag, courtesy of an E&Y senior associate:
I work for EY. Roommates are Deloitte and PWC. I’m hearing from the PWC employees that in addition to a holiday bonus, as well as a March compensation adjustment similar to Deloitte’s, PWC is also giving their employees the last two weeks of December off without requiring them to use their vacation days.
Thoughts on whether EY or KPMG will ante up? Hot topic at my client site today as you can imagine 🙂
Before we get to E&Y and KPMG, it should be noted that PwC is really playing hardball here. A quick recap:
• Mid-year bonuses that include an option for an iPad. Steve Jobs hater or not – that’s a cool bonus.
• Rumors of poaching seniors in Chicago and New York.
• iPhones are now available and Christmaskuh festivities return.
Now there are rumors of a merit increase in March and two free weeks of time off? This is quite the run of employer gratitude. We won’t say “unprecedented” but it is an impressive show of generosity.
Maybe PwC has gone on this offensive because they had a kick-ass first quarter. Or maybe it’s because they lost the number one spot to Deloitte and they still want everyone to know that they’re still capable of equating love with money. OR maybe they’re trying to make people forget about Logogate. Whatever the motivation, the firm is throwing money around with the gusto of Charlie Sheen and they are getting a relative amount of attention for it.
Now, then – Ernst & Young and KPMG. Maybe these two firms are spreading the wealth on the Double-DL but if not, TPTB have to be aware of the what the competition is up to. If not, maybe someone should clue them in. Regardless, there has to be heat to act in some way.
One explanation for the House of Klynveld is that the fiscal year just ended, so it is too early for leadership to communicate “the great first quarter,” thus rationalizing a mid-year bonus. If KPMG comes out to soon with the news, they risk the “Monkey see” effect.
As far as E&Y is concerned, we’re stumped. They have the same fiscal year as PwC and should have a pret-tay good idea how Q1 went. Now that PwC has made the first move, any action by E&Y is going to look reactionary .
So for the E&Y and KPMG crowd – you clearly have some expectations for something but are you hearing anything about mid-year bonuses or will the belly aching continue into the holidays? Discuss below and get in touch with details.
We reported last week about a rumor that PwC would be paying bonuses and making salary adjustments this December and we now confirmation of the bonuses, courtesy of an email from PwC’s Bob Moritz.
BoMo t that thanks to a solid first quarter, the firm would like spread a little wealth around in the form of $1,000 bonuses for “client service and IFS” employees who were with the firm prior to June 30, 2010 and $500 bonuses for those hired after June 30.
The firm is letting employees choose their “recognition payment” from one of the four following options:
• Net payment of $1,000/$500 included in the December 15 pay cycle.
• Visa gift card
• $1,000/$500 charitable contribution to the PwC Foundation in your name – Aka the PwC Human Fund
In addition, Roberto informed everyone that the spot and bonus pools are being increased across the firm. There was also the standard words of encouragement, repeated “thank yous” and whatnot. The email appears in its entirety below.
So, P. Dubbers – doesn’t look like a mid-year salary adjustment but it beats a sharp stick in the eye. Discuss your contentment or your undying resentment in the comments.
Recognizing your contributions
Thanks to your efforts in providing quality service to our clients, our first quarter results are showing a strong revenue increase year over year. We all should be proud of these results. We’ve supported one another, served existing clients and stakeholders at the highest levels of quality in an extremely competitive environment, and won new work–all achieved through delivering the PwC experience and the new brand promise!
Rewarding your efforts
Because your efforts helped us drive our results, we want you to share in the rewards. Last month I told you that we have taken the results of our top-line growth and have begun reinvesting in you through our holiday time off and celebrations, in-person training events, and more. To further acknowledge the role you have played in our success to date, every staff member–both client service and IFS–will receive an after-tax “recognition award.” Those hired prior to June 30, 2010, will receive $1,000. Those hired on or after June 30, 2010, will receive $500. We debated whether the recognition payment should be in the form of cash or a gift, and concluded that you should decide. So, every staff member can choose from one of the following:
An additional net payment of $1,000/$500 to be included in your December 15 pay period.
Order from several versions of the iPad (total value of iPad and gift card will depend on whether you’re eligible for the $1,000 or $500 gift award).
A Visa gift card valued at $1,000/$500 to use for the holiday season, vacationing , technology gadgets or anything you’d like to purchase for yourself or others.
We will make a $1,000/$500 charitable contribution to the PwC Foundation in your name.
More details to come shortly on each of the options above, as well as how to choose your recognition via a special website.
Increased bonus pools
In addition to the benefits we announced previously and the recognition award mentioned above, we have also decided to increase our spot and bonus pools across the firm, enabling us to better recognize and reward those individuals who are truly delivering for our clients and driving our results. As our top and bottom line continue to improve, we are committed to sharing those results with you. Shortly, you will be hearing from your LOS on how these increased bonus pools will be earned and rewarded over the remainder of FY11.
Increased hiring to help your workload
You’ve been working hard, and we recognize that monetary rewards and compensation are only part of the value you look for from your PwC experience. You have told us that personal and professional development, career advancement potential, peer and team relationships, and even having a little bit of fun along the way, are also important to you. We want you to know that we are also working hard to relieve some of your workload through our increased hiring efforts. In fact, to help lighten your load, we’ve hired more than 1,400 new experienced people in the first quarter alone (for comparison, we hired a total of 1,725 in all of FY10), increased our campus recruiting from last year and are bringing resources to our practice from around the world. Many of you played a key role in bringing in that new talent, whether referring people, interviewing potential candidates, or on-boarding new people. Again, we thank you for those efforts and encourage you to keep them up. We will continue hiring resources to support our current and future needs as we look ahead towards achieving our long term goals, while also providing appropriate work-life flexibility for you.
Thanks for all you do
Again, on behalf of the partners, I want to recognize you for all you do for your teams, our clients and other stakeholders. To me, this demonstrates the power of 30,000 people coming together to build relationships and add value for our clients and one another–delivering on that new PwC brand promise! The fact is, you are making a difference, and our collective efforts are paying off.
Join me on Wednesday!
I look forward to speaking with you on Wednesday at 3pm ET during our third firmwide Town Hall webcast. If you haven’t already, check out the blog and help your colleagues get ready to put me and the LOS leaders on the hotseat with your questions.
In the meantime, I look forward to continuing this journey of success together!
From the mailbag:
There are rumors that pwc is planning on doing something similar [to Deloitte]. In one of the meetings with an audit team, Tim Ryan [one of your Thanksgiving Day hosts] mentioned that there would be bonuses and salary adjustments sometime in December.
All the other Big 4 firms have gotten some digital ink hyping their hiring plans for the next fiscal year and beyond. Before today, PwC had only mustered some rumored poaching which isn’t ideal PR.
The rest of the firms have already made it known that they are doing their part to create jobs here and abroad – Deloitte’s numbers are dumbfounding, KPMG’s spree includes Europe and asking its alumni come crawling back, while E&Y is picking up 6,000 recruits off campus.
P. Dubs finally gets puts some hiring news out there announcing that they will double their headcount in China over the next 5 years to over 20,000 employees.
PricewaterhouseCoopers LLP plans to double its headcount in China to more than 20,000 people within the next five years to meet rising demand for professional services as the nation’s companies become more international.
“We expect more Chinese companies to expand their presence overseas, and we’d like to be part of that growth,” Silas Yang, the firm’s chairman for China and Hong Kong, said today in a statement.
PwC to Double China Headcount to More Than 20,000 Over 5 Years [Bloomberg BusinessWeek]
From the mailbag by way of a Deloittian in Rahmville:
[O]ur PPD (Principal, Partner, Direct) group has received word that PWC is going to send recruiting letters to every [Financial Services Industry] senior in the Chicago and New York offices. Apparently the letter states PWC is willing to offer $15,000 more than what Deloitte is paying.
The PPD group had a meeting with all of the FSI managers in Chicago yesterday regarding this situation. On top of that, all Seniors in FSI received a meeting request today from the PPD group. The meeting is schedule for Monday morning and according to the managers, the topic of dicussion is going to be these letters. Now I can’t speak for anyone in New York but in Chicago the PPD group is not taking this lightly. Word as it that one of our senior ranking partners actually called over to PWC. Again this is all a rumor, I have not seen one of these letter but apparently one of our partners said he/she has.
If you happen across this letter, do share it with us.
Buffalo. City Mission. Tuesdays. For a year. Unless you’re really hard up for some nourishment, we would avoid with extreme prejudice. This will make the Denny’s freebies look like a mess hall at Fort Bragg.
Joseph J. Jacobbi, 57, operator of Casa-Di-Pizza, a popular Elmwood Avenue restaurant, was spared a jail term on his massive sales tax fraud case, but the judge Monday ordered him to deliver 12 sheet pizzas to the City Mission once a week on Tuesdays for the next 52 weeks, beginning [yesterday].
After Jacobbi turned over a check for $25,000 — part of the $104,295.31 court officials said he withheld from the state between March 2004 and the end of May 2008 — the judge ordered the weekly pizza deliveries as a form of community service.
“I will leave the choice of toppings up to you,” he told the nonplussed restaurant owner.
Not that we don’t appreciate the judge’s creative sentence but shouldn’t the people at the mission get to choose the toppings?
As the days shorten, leaves fall and men waste hours in front of the talking box, it can only means one thing: The Holidays will soon be upon us. This also means that lots of traveling and family time – two things that can make the holidays a less-than desirable time of year.
Luckily for PwC employees in New York, two partners have opened their hearts and homes (not literally) so that you may avoid those two nuisances entirely:
To the People of the New York Metro Practice:
The upcoming Thanksgiving holiday break provides us with a wonderful opportunity to enjoy the company of family and friends and to reflect on all we have to be thankful for. However, we recognize that some of our people may be far from home (such as our people who are on tour from various other PwC offices) or may just not have somewhere to spend Thanksgiving Day. If you don’t have plans, Tim Ryan, Assurance Leader and Bill Cobourn, Sectors & Markets Leader will host (along with their families), a special Thanksgiving Day meal.
We would like to invite you and your friend, spouse, significant other, or children — and we can all celebrate this special day together. As some of you know, Tim has six children–so there will be fun for both adults and children. This festive meal will be held on Thanksgiving Day (Thursday, November 25) in the afternoon at a Manhattan venue to be announced. To help us plan for this event, please indicate your interest in attending using the link below. If you respond “yes” we will follow up shortly to provide additional details.
Please recognize that if you already have plans for the holiday, you are not being asked to change them.
This unprecedented display of generosity is quite welcome considering past behavior by some partners in other cities but we do have questions:
1. Is there a short list for the “Manhattan venue” and will attendees be allowed to vote on the locale?
2. Will the “kids table” consist of non-partners as well as kids or will all the adults be allowed to sit together regardless of title?
3. What’s the “saying grace” situation? Also, will there be assigned seats or is it going to be like boarding a Southwest flight?
5. What’s on the menu? Is going to be the typical fare or are we going non-tradish? Is it catered or are Tim and Bill going cheap and making it potluck?
6. Open bar?
You have to agree that all of the above are important but are we missing anything? If you’ve got more questions, leave them below.
~ Update includes clarification of the number of layoffs.
Remember those 500 layoffs that PwC announced in July? Jeff Harrington of the St. Petersburg Times reports, “According to a state-required layoff notice filed Friday, 280 jobs will be phased out by Dec. 31.”
According to the report, many layoffs occurred immediately:
PwC said another 150 positions have already been cut since July, with half of those displaced workers finding other jobs through PwC or a third-party vendor it is using, India-based Tata Consulting Services. The other half left voluntarily after finding other jobs outside the company.
That leaves 70 unaccounted for at this time and we’re trying to determine when these are happening. It’s our understanding that the 150 is a bit of squishy number so that may make up part of the difference but it remains a mystery (as Big 4 layoffs tend to be). SEE UPDATE BELOW.
As for the 200 positions tax and accounting that the firm said it is adding, the Times reports that they’ve added 30 positions so far since “last summer.”
If you’re in the know about the layoffs in Florida (or anywhere else for that matter) get in touch with us at email@example.com and we’ll keep you updated as we hear more.
About 280 PricewaterhouseCoopers workers in Tampa get pink slips [St. Petersburg Times]
UPDATE – October 19, 2010: A source at PwC has informed GC that the number of layoffs is actually 470, a figure that was determined a few months subsequent to the July announcement of 500 cuts. Employees that comprise 280 cuts mentioned in the Times article were notified by letter that their last day would be December 31st. The source confirmed that half of the 150 employees cited in the article did obtain internal jobs with the firm or Tata Consulting Services while the other half resigned or found positions outside the firm.
Our source said that the remaining 40 IT cuts are being made in offices around the country and that the employees were notified in July. The exact timing of these cuts was not immediately known. We’ll keep you updated.
The latest twist in this seemingly unending logo-mama drama was brough to our attention by a reader who saw an eery resemblance between
PwC pwc’s new look at the new look of recently rebranded and ridiculed retailer The Gap.
Does is strike you as odd that soon after PWC changes their logo the GAP changes theirs to a similar style? Although Deloitte is currently GAP Inc. auditors, the company may be opinion shopping. Changing the company logo to look like their would be auditors’ is a surefire way to get the desired opinion.
This may be a total coincidence. However should GAP grab headlines in the style of the Universal Travel Group and hop over to PWC, at least now you won’t be surprised.
Our reader brings up an excellent point. We admit that the new logos aren’t identical but there’s more than a slight chance that they are brothers from another mother. So what’s the deal here? Maybe it is a coinky-dink. But then again, you would think that the cheap denim, khakis and plain t’s business would be thriving in this economy. If our reader is to be believed, Gap may be trying to find an auditor that’s willing to look the other way on [ideas on financial reporting chicanery are welcome]. And it just so happens that a certain professional service provider has also been recently taken some heat for their rebranding.
The only thing we can be sure of is that if Ernst & Young is serious about their makeover, they should resist the temptation to stick with squares.
Like we said, the motives here are not obvious and it’s imperative that we get to the bottom of this mystery, so that involves getting your ideas. Nothing is too crazy.
It was only yesterday that we learned about a PwC partner that was thrown a curve when their regular pianist up and cancelled for a Monday night fiesta. The partner, not wanting to disappoint/disgust his guests, challenged everyone he knew to find the stones to stand up and say, “Yes, I play piano and I am courageous and I will dazzle your guests and be ‘well fed’ in the process!”
Frankly, we had our doubts this would get pulled off. Fortunately for this partner and his guests, a small miracle occurred:
. . . and the answer is, we’re courageous and talented! I received quite a few offers from people willing to play or with ideas on friends or relatives who could possibly help us out. More importantly, we received a number of replies from people simply stating that they wish they could help out and that they wish they had maintained their piano studies. So, what should we make of this little episode in our lives here at PwC? First, it is a reminder that at PwC we act like family and help each other out.
Second, it is a reminder that we have many courageous people who are willing to step up to a challenge. In a later note, I will highlight some of the individuals who responded and volunteered. In today’s note, I simply want to highlight the contributions of Craig Wilderman, the individual chosen to play last night. Craig played beautifully despite the fact that he hasn’t been playing regularly in recent times. Craig displayed an ability to jump from music genre to music genre — he was actually quite impressive. Perhaps the final message I have for you today is that when you can steal a moment or two away, it is probably a good idea to rekindle old passions and hobbies. I believe that Craig found sharing his piano talent with us last night to be very personally rewarding as well.
First, how annoying would it be to read the emails from “people simply stating that they wish they could help out and that they wish they had maintained their piano studies.” Save it people. What you’re really saying is, “I can’t play a lick but I would if I could and I thought you should know that!” You’re wasting the man’s time. He needs talent, not your bullshit excuses about how you quit when you were a junior high.
But luckily there was a real hero in the mix. We did some snooping around and found a Craig Wilderman on LinkedIn who is in the vicinity but his keyboard talents are not anywhere on his profile. We felt confident that we had our man and we tried shooting him an email to get the scoop on 1) songs played – did he take requests? 2) the hottie situation 3) was he, in fact, “well fed” 4) what form the “external gratitude” has taken so far.
But the most important question for Craig is, is he considering leaving the confines of his cube to go on the road to provide his talents for other partners desperate for in-home talent at a modest charge? It sounds as though he could make a run at it but maybe he just needs some encouragement. We say, go for it Craig. We can’t bankroll you but are more than happy to provide moral support.
When you become a partner at a Big 4 firm, there are many unexpected challenges that you will face. You may have a trusted senior manager quit in the middle of busy season. You may discover that someone who you thought was your best friend is actually primo inventory from the jerk store. And if you’re really unlucky, you may get bombed at a happy hour (allegedly!), then slug a couple people (allegedly!), kiss a couple more (allegedly!), not remember a thing, claim that you were roofied and have a stranger call you up out of the blue and ask you about it.
Anyway, we’ve been informed of another bitch of a situation that can arise when you become partner – when the entertainment for your little soiree cancels on you at the last minute:
Date: 10/04/2010 01:24 PM
Subject: Are you courageous or just talented?
I am having an event at my home tonight and my normal pianist has canceled on short notice. This is a test of the courage of you as a group of people.
I know someone is out there in our midst who in their spare time is a really good pianist. I would be eternally thankful if those of you to whom this note applies, would volunteer to help me out tonight. I know we hire people with many talents — the question is — do you have the courage to display them? The event is from 6:00 – 9:00 PM in McLean. You will be well fed. If you are interested, please contact [redacted]. Hopefully we’ll get more than one taker, and we will figure out who we should use.
The fact of the matter is, my event this evening will survive the lack of a pianist. What I am really trying to figure out is what we as a people at pwc [Ed. note: nice usage of the low caps!] are made of.
Jesus. Talk about a conundrum. And since Big 4 partners don’t pull down the kind of dough that could afford them a short-notice call to Elton, Harry Connick, Jr., or even a cheap Liberace impersonator, throwing a line out into the employee talent pool was the only option this partner had.
Unfortunately, since this opportunity was on such short notice, anyone with the necessary skills that is now just learning about it is SOL. With any luck however, you can volunteer your services as a solid pinch-hitter for future reference. God knows how that comes in handy.
Presumably you don’t have to be the next Mozart but if you can pull off some singalongs such as “Piano Man,” “Friends in Low Places,” and “Sweet Caroline” that will go a long way to nailing down that “eternal” gratitude (for a future event of course).
Just in case you forgot gang, today is the official launch date for PwC’s new brand and logo. Despite the fact that everyone knew about this weeks ago, early October seems like the perfect time to remind people of how lovely it is to play Pong amongst the fall foliage, .
The other significant event of this day also reminds us of trees but not in a good way. You’ll remember that Bob Moritz stated in his FAQ (that don’t address color or shapes) that today would mark the day that new stationary would be put into use. This means that metric asstons of old PwC stationary, business cards, pens, tchotchkes, undies and so forth would be rendered completely useless.
This is especially awkward since P. Dubs just got done slapping themselves on the back for getting greener faster than a Whole Foods employee at sustainable living festival.
It’s entirely possible that the firm has undertaken various ideas to stem the amount of waste such as:
1) Encouraging everyone to use letterhead en masse running up to the logo launch
2) Having yard sales at offices nationwide to cut losses
3) They’re talking to the Met about a major donation to a future “Historical Corporate Crap” exhibition.
OR maybe they’re just having a giant weenie roast followed by s’mores for dessert (which we admit, would be pretty fun). If you’re engaging in a ritual of some sort and feel compelled to document the event, do get it touch with us and enjoy your fresh business cards.