June 25, 2018

Here’s Your Open Thread for Deloitte Compensation Discussions (2016)

Just as soon as we put of up the EY compensation thread, tipsters out of Deloitte started crowing for theirs, including this one:

Just as soon as we put of up the EY compensation thread, tipsters out of Deloitte started crowing for theirs, including this one:

Deloitte comp talks season!  Just remember that we'll need to change our normal tracking for "ratings" as it is now based on a 2 question grid (so maybe an inferred percentage score for each).

Yeah, sure. Whatever it is Deloitte is doing now is probably fine with everyone else.

I'm really curious if the Digital folks every wander over just for fun to read all the accountants complaining. I doubt it, but if you're here, Deloitte Digital people, welcome! If you feel like participating, you'll want to cover the following:

  • Position, promotion (if applicable)
  • City (region is not informative) & Line of Service
  • % Raise 
  • % Bonus (if any)
  • Old & New Base

Your participation is appreciated by all.

More compensation season:
PwC
RSM
Grant Thornton
BDO
Crowe Horwath
EY

Related articles

Deloitte: Folding Like a Cheap Lawn Chair?

deloitte.jpgIs it possible that the spinelessness of the FASB is spreading some of the firms?
Motely Foley is reporting that MGM Mirage got the Big D to drop the going concern language from its “financial assessment” which we confirmed with the author, Bob Steyer, that indeed meant the audit opinion.
Doing a little digging on this whole sitch, we found that MGM has done some duct tape repairs to its balance sheet in order to convince its banks and Big D that nothing is fucked.
Deloitte, wanting to be troopers and all, probably just had to step back from the whole thing to get perspective. “Yeah, when you look at it from back here, $14.4 Billion in debt doesn’t really look that bad.”

MGM Back From the Brink — for Now
[Motley Fool]

Deloitte May Be the #1 Firm of No Fun

heelys.jpgRegardless of who a client is or what their business is, accounting firms don’t like to lose them. Lost revenue, a little bit of a slap in the face, a promise that wasn’t delivered (which, let’s be honest, really isn’t all that rare).
For whatever reason, we find the story that Heelys, the skate shoe company, having fired Deloitte as their auditor, has to be an especially tough pill to swallow for the Big D.
Why, you may ask? How about the fact that Heelys MAKES SHOES THAT HAVE WHEELS ON THEM which might be something fun.
According to Reuters, Heelys gave Deloitte-period the heave-ho primarily because of cost considerations. That may be true but something tells us that the real reason might have been Deloitte putting the kibosh on Heelys request of the audit team to wear the skate shoes while working at the client’s HQ.
Deloitte, like all Big 4 firms, being the fun killer, likely argued that skate shoes did fall under acceptable attire in its dress code.
It was probably only a matter of time until the Heelys audit committee concluded that they had to find another audit firm with smaller sticks up their asses. Partners on the engagement are now quietly stewing with their decision that may have put their firm solidly in the #1 slot for hating all things fun.

Heelys dismisses accounting firm
[Reuters]