The World Economic Forum

Big 4 CEOs Crash Davos’ Economic Party

The 2020 World Economic Forum annual meeting kicked off today in Davos, Switzerland, and all of our favorite Big 4 ringleaders from PwC, Deloitte, EY, and KPMG are there and accounted for: BoMo, T-Ry, Punit, Carmine, Kelly, and Lynne. We got the obligatory scenic Swiss Alps shots: Excited to be at #WEF20 again and already […]

EY Would Like to See Fewer Old White Guys at Davos Talking About Diversity

The World Economic Forum saw a “controversial” drop in female attendees last year, and hopes a participation rate of 17% for women this year might make up for that. Coincidentally, a CNBC report on this threw in a dig from EY on the overall attitude toward women and what they are doing about it:

Jim Turley Doesn’t Seem to Be Tired of Answering Questions About Lehman Brothers

Jimbo does admit that “we are not pleased to be in the spotlight like this” but per ushe, he takes it in stride and says, “it is something that we will deal with.”


Turley Says Specifcs From Obama Need to Come `Quickly'
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Jim Turley Wasn’t Impressed with the State of the Union

The Ernst & Young Global CEO chimed in di-rectly from Davos.

President Barack Obama’s State of the Union address failed to convince executives and economists at the World Economic Forum’s annual meeting that he’s serious about taming the U.S. budget deficit.

Hours after Obama used the speech to propose a partial freeze on government spending, delegates at the conference in Davos, Switzerland, said the U.S. is lagging foreign counterparts in cutting a budget deficit of more than $1.2 trillion.

“There is an unwillingness to deal with the real gorilla in the room,” said Martin Sorrell, chief executive officer of advertiser WPP Plc. James Turley, CEO of Ernst & Young LLP, said, “we need a heck of a lot more action on it” and that Obama’s speech “lacked details.”

Big 4 at Davos: Jim Quigley is Long Dubai

He’s not really sure how much is debt (Jim, it’s a metric asston) is being restructured but Quigs believes that Dubai will come out of it a-okay.

Black holes aside, Quigs also wants to see global accounting standards which puts him firmly in the camp with the other half of Jim-squared and Knight of Accounting David Tweedie.

We’re not sure when this interview was done but could someone get JQ a cup of coffee or something? The guy seems a little stiff. Plus, no red light/green light of trust from Fox Business? They have got to start getting more creative over there.

Are the Big 4 Laying Low at the World Economic Forum?

The World Economic Forum kicks off tomorrow and as expected, the Big 4 bigwigs will be there in full force.

Having been through their share of busy seasons, the fearless four of Jim squared, Dennis, and Tim are no doubt glad to be on this getaway.

Their hearts and minds never stray too far from all of you serving the capital markets back at home but it is a great opportunity for them to explore the land of secretive banking, blondes and Toblerones. Plus, there are some meetings and whatnot where they spread their wisdom amongst the other grand poobahs of the world.


Despite the presence of the Fab Four, Big Four Blog points out that the firms’ websites don’t hardly make a mention of their participation at the rager in Davos:

[We] could find hardly a mention of this on the firm’s websites, contrary to prior years when a press release would proudly proclaim their participation. Are the Big Four firms keeping a low profile this year? We wonder why?

Why would they possibly want to keep their profiles on the DL? Are they taking their cues from the Times? Are they still amped/disappointed by the Fortune results?

Are they nervous about their next sit down with CNN, who may not leave it there this time? Ideas? Hopefully they’ll loosen up and enjoy themselves.