Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

The PWC 11 – only a bargain if you need them

Outsider/

24 July 2020
| By Outsider |
image
image image
expand image

These are challenging times for consultants. Outsider’s heart almost literally bleeds for the chaps at places like Deloitte, KPMG and elsewhere who he is given to understand have taken pay cuts of up to 20% to help their organisations through these difficult times.

This is why Outsider was so puzzled when he read a report that 11 partners from consulting outfit PWC were looking to hawk their combined capacities to the highest bidder.

In circumstances where all the contractors have gone and hundreds have been retrenched from some consultancies – who would that be?

Now, Outsider admits that he has never been the greatest exponent of the art of self-promotion, but he has been around enough discount supermarkets to know that bulk deals are not always a good idea when times are tough and budgets are tight.

What is more, his old Scots granny always told him that “it’s only a bargain if you need it”.

So Outsider’s message to the PWC 11 is that they should maybe consider a more scaled back approach or perhaps offer themselves up for some social cricket.

Because as Granny O says, it’s only a bargain if you need it.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 weeks 1 day ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 weeks 1 day ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks 3 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks ago

As the deadline approaches for advisers to meet higher education requirements, the FAAA has shared an “obscure” loophole to help advisers avoid redoing a professional yea...

1 week ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3