August 20, 2018

Here’s Your Open Thread for BDO Compensation Discussions (2015)

The accounting firm known as BDO is having a good 2015. It recently admitted 30 new partners, the largest class since GC's been covering the promotions. Revenues eclipsed the billion-dollar mark back in May, thanks to its insatiable hunger for boutique firms. Oh, and it keeps stickin' ex-CEO Denis Field with those massive legal bills.

Yes, Wayne Berson & Co. are feeling pret-tay, pret-tay, pret-tay good about things. Perhaps the more important question is, how are the regular Joes and Janes feeling at Bravo Delta Oscar? Is all this ludicrous success seeping into the pores of the men and women who spend their days and nights in the trenches?

We don't know! Tips from inside BDO have always been few and far between, especially for a firm of its size. But earlier we were been blessed with a tip that informed us that "comp discussions will take place this week." We'll take it.

Yes, this implies that the sit-downs haven't started yet, but whatever, the timing seems to be consistent with last year, so let's get this rolling. You can share anxiety and unrealistic expectations until your actual discussion takes place.

As always, we'll save comp thread proctors the trouble by reminding participants to share the following:

  • City (region is not informative) & Line of Service
  • Promotion (if applicable) & Rating
  • % Raise
  • % Bonus (if any)
  • Optional: Old & New Base

Good luck, BDO brethren. Hopefully Wayne makes it rain.

Related articles

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]

You Know That Guy That Panhandles on Your Block? He May Be a CPA.

Anybody out there looking to help their fellow CPA, who’s down on his luck?
The Wall St. Journal is reporting that the former BDO Seidman LLP CEO, Denis Field may have to pay back a portion of $180 million that is being sought by prosecutors in the tax shelter case that involves Field and six others.
Natch, everybody has denied wrongdoing. The charges include conspiracy and tax evasion. Good luck with that.

Prosecutors Seek Ex-BDO Seidman CEO, 6 Others To Forfeit $180M
[WSJ]