McGladrey’s Repurchase of McGladrey Results in Unfortunate Consequences for McGladrey Director, Says McGladrey Director’s Farewell Email

More specifically, he was told that his services were no longer needed:

Here is the scoop on why I am leaving McGladrey…
 
Given the recent $600 million transaction that McGladrey completed this fall, there have been some resulting changes – one of which is a significant restructuring.  As a result, I was informed recently that “my position has been eliminated”. This is the reality of the economics of large company transactions… I feel good about leaving on the heels of my recent sales performance of 111% of quota for last year and 108% of an even larger quota through three quarters of this year… After having one of the most successful years in my business life in 2011, I find myself looking toward new challenges… I will let you know my next move as soon as things are finalized.
It's only been just about two months since H&R Block sold RSM McGladrey back to McGladrey & Pullen, so the fallout is obviously happening (if hasn't been for awhile already). If your position has also recently been vaporized, including your iPad being confiscated and/or cake and punch privleges have been revoked, we'd love to hear your story. Email us.
 

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