July 19, 2018

Hear Ye, Hear Ye: Accounting Firm Compensation Threads Have Moved to Open Items

Our former-editor-in-chief-now-editor-at-large has been receiving emails lately asking if we will still be doing compensation threads this year. The answer is yes, but with a twist.

Because comments have been disabled on all Going Concern articles, it makes absolutely no sense to post the open compensation threads on the homepage, as Caleb had done in the past.

So, we are putting all compensation threads in Open Items, where you can still comment freely. There is a “Compensation” tab in the Open Items drop-down menu where all of these threads will be housed until further notice.

With Caleb not overseeing day-to-day editorial matters anymore, we’re still working out some kinks, so bear with us.

I started a 2018 open thread for PwC compensation today. It’s pretty bare, so please help us get this party rolling.

As Caleb has previously mentioned, people have traditionally shared such things as:

  • Position, promotion (if applicable);
  • City (preferred) or region;
  • Line of service;
  • % raise;
  • % bonus (if any); and
  • Old and new base.

Compensation discussions have usually started with PwC, but email me this summer to keep us informed about your firm’s communication to its employees about performance and compensation. Or you can start your own compensation thread in Open Items based on your personal performance review or your knowledge that these communications have begun.

But these threads will be shit without your help, so please chime in and let the fun begin!

Image: iStock/RapidEye

Related articles

Ernst & Young Is Here to Help (For a Small Fee)!

ernst_young.jpgWe thought that Ernst & Young was advising the New York Fed on the winding down of AIG out of the goodness of their hearts but it turns out it’s actually about the money.
E&Y could make as much as $60 million advising the New York Fed, which is 50% more than the initial agreement, according to Bloomberg. The NYF is also reimbursing E&Y for expenses, up to 10% of the professional fees. This occurs after the parties had initially said $40 million would be the cap but $60 mil is it, we swear, no more.
And because E&Y is solid like that, the firm is billing out partners and directors at discounted rates ($775/hour). I mean, ’cause, let’s face it, this thing’s a mess and E&Y is going to be working hard, working late, working weekends.
Ernst & Young’s Maximum Pay for AIG Advice Swells [Bloomberg]