November 15, 2018

PwC Not Talking Up Its Role in the Academy Awards This Year, Obviously

pwc oscars 2018

The Golden Globes were a few weeks back, and it caused me to reflect on how an awards show should go for the accounting firm that tabulates the ballots:

Last week, the Academy of Motion Picture Arts and Sciences announced the nominations for this year’s Oscars. Naturally, this was the perfect time for Senior Partner, Chairman, and Speaker of the PwC House, Tim Ryan, to roll out the new and improved procedures that are designed to prevent a SALY:

Tim Ryan, PwC’s U.S. chairman and senior partner, told the Associated Press that he will be personally involved with Oscar operations this year. He also said a third balloting partner will sit with Oscar producers in the show’s control room in addition to the two balloting partners stationed on either side of the Dolby Theatre stage — and that person will have a complete set of winners’ envelopes and commit the winners to memory.

One other change this year that has maybe been overlooked is that, aside from Tim Ryan’s interview with the AP, PwC is not promoting its involvement in the Academy Awards at all. This move seems obvious since the Best Picture envelope mix-up was a massive humiliation, and the firm gains virtually nothing by touting its involvement after such a public mistake, but the absence of press releases and a flood of social media posts about the comings and goings of a moderately priced attache is not insignificant. PwC had spent years boasting about its role in the ceremony, giving countless interviews in print and on TV, explaining some of the finer points of its process (e.g., no bathroom breaks, memorizing the winners), and now all that promotion has come to a screeching halt.

In an email obtained by Going Concern, Tim Ryan shared his thoughts on how to handle the inevitable questions that many people will have about this year’s ceremony. He wrote, “while we all wish the events last year hadn’t happened — we can be very proud of how we responded and of our continued role in serving the Academy,” noting that the firm “immediately took responsibility” for the mistake, was “humble,” and “willing to learn and change.”

Finally, Ryan asked the recipients of the communique to “not speculate about what happened last year or to make any comment at all on social media or to any outside organization,” if prompted.

And his request seems to be heeded so far. A quick search of #ballotbriefcase on Twitter finds no mentions since July. At this time last year, there were already hundreds of posts. PwC has not issued a press release about its involvement, and the page on the firm’s website discussing the balloting has been removed.

A spokesman for Tim Ryan declined Going Concern’s request for an interview.

The Oscars will broadcast on March 4 this year. We (and everyone else) will be watching PwC very closely to see how things unfold.

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In Case You Need Another Reason to Hate the French

french flag.jpgWalking around the PwC office in Midtown Manhattan, our blogospondent in the field happened across a couple of young ladies having the picture taken in front of the P Dubya sign out front, proudly posing as if it was their names on the building at 300 Madison.
Said blogospondent approached the young ladies and asked if they worked at the P Dub and they responded in heavily French accents, “yes”. As result of further prying, it was revealed that the ladies do work a lot during “busy times”, sometimes between 50 and 60 hours a week!
This compared to an American tax associate who we spoke to just a couple days before who, in the last fifteen days, had worked 185 hours.
Let’s recap: America – 185 hours in 15 days in the middle of June vs. France – 50-60 hours in one week during the “busy time”.
American vitriol towards the French may now ensue.

PwC Needs a Lesson or Two in Spin

240px-PricewaterhouseCoopers.svg.pngIn, lets talk about anything but Satyam, PwC news, the largest Big 4 firm was rated highest among professional service providers on brand recognition in the Brand Finance Top 50 ranking of Best Brands of British Origin.
“Chairman of PwC [in the UK] Ian Powell said the recognition was ‘testament to the strength and reach of our clients, the talents of our people, and the contribution that we make to the wider community.'”
We won’t take anything away from PwC but sometimes bad news is the best news for brand recognition. So this whole Satyam thing is probably not getting the credit it deserves. Come on P. Dubs! Lemons into lemonade!

PwC most recognised professional services brand
[Accountancy Age]