Comments on: The future of the Big Four: Will Ernst & Young be next to fall? http://cpatrendlines.com/2009/05/07/the-future-of-the-big-four-will-ernst-young-be-next-to-fall/ Actionable Intelligence for the Tax, Accounting and Finance Community from Bay Street Group LLC Wed, 23 May 2012 22:03:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Employee from Dubai office http://cpatrendlines.com/2009/05/07/the-future-of-the-big-four-will-ernst-young-be-next-to-fall/comment-page-1/#comment-546089 Employee from Dubai office Thu, 08 Oct 2009 17:00:59 +0000 http://cpatrendlines.com/?p=3433#comment-546089 I work with EY Dubai office & all the replies I read don’t make any sense to me. It seems like I am working in different firm!! For those who don’t know, we are number 1 in the Middle East (clients wise & revenue wise). We have clear vision communicated to us through several channels. The firm helped us to succeed professionally and personally through our global career development framework – providing us with the right challenging and rewarding experiences, learning and ongoing coaching we need. Although the firm didn’t distribute any bonus this year except for few staff whose performance was quit exceptional, however, during the booming period, the partners shared with us the benefits by giving us good bonuses & increase in salaries which was he highest among the other big 4 (in UAE at least). Our Middle East chairman Ahmed Al Aiban is resigning next year and a Saudi national partner was selected to take over his position. X (another partner) was expecting to take this position & he was disappointed when he was not selected. Therefore, he left EY to PwC and took with him some staff and frankly speaking, many of the replies I read seem to be bias because of the possibility that those people wrote them or the low performance staff who was laid off. Furthermore, we hired new graduates this year (about 20 staff) to cover our needs. To conclude, EY is operating and will operate very well under the leadership of our office managing partner Edward Quinlan and our Chairman and Chief Executive Officer Jim Turley. And the political war which is raised against EY Middle East by its formal partner X won’t affect us. I work with EY Dubai office & all the replies I read don’t make any sense to me. It seems like I am working in different firm!! For those who don’t know, we are number 1 in the Middle East (clients wise & revenue wise).
We have clear vision communicated to us through several channels. The firm helped us to succeed professionally and personally through our global career development framework – providing us with the right challenging and rewarding experiences, learning and ongoing coaching we need.
Although the firm didn’t distribute any bonus this year except for few staff whose performance was quit exceptional, however, during the booming period, the partners shared with us the benefits by giving us good bonuses & increase in salaries which was he highest among the other big 4 (in UAE at least).
Our Middle East chairman Ahmed Al Aiban is resigning next year and a Saudi national partner was selected to take over his position. X (another partner) was expecting to take this position & he was disappointed when he was not selected. Therefore, he left EY to PwC and took with him some staff and frankly speaking, many of the replies I read seem to be bias because of the possibility that those people wrote them or the low performance staff who was laid off. Furthermore, we hired new graduates this year (about 20 staff) to cover our needs.
To conclude, EY is operating and will operate very well under the leadership of our office managing partner Edward Quinlan and our Chairman and Chief Executive Officer Jim Turley. And the political war which is raised against EY Middle East by its formal partner X won’t affect us.

]]> By: Anonymous http://cpatrendlines.com/2009/05/07/the-future-of-the-big-four-will-ernst-young-be-next-to-fall/comment-page-1/#comment-545968 Anonymous Wed, 23 Sep 2009 01:48:22 +0000 http://cpatrendlines.com/?p=3433#comment-545968 Reading this article reassures me that the fall is certainly gonna begin from the middle east as E&Y Middle East whether agrees or not the client base it has developed through advisory and the unrealistic targets it has achieved was mostly made possible by the Andersen legacy. The enormous profits E&Y partners enjoyed over the past few years was mainly a contribution of Advisory business. The other major factor which has also contributed to the fall of EY middle east is the bitter treatment of EY leadership on people willing to join the Andersen legacy now PwC Middle East. The continous harassment in Jeddah and Al-Khobar office of employees, employees being blamed of stealing and police being involved,EY not accepting resignations, continous threats to people who would leave, mass terminations for people having relationships with the now PwC people. It would be in the benefit of EY Middle East Management for once to look deeply into its current leadership and get rid of those who are damaging or jeopardising the name and prestige of the firm, if it wants to survive in this market. We sincerely pray that the middle east leadership will wake up one day and see what the problem is and finding a true solution. Reading this article reassures me that the fall is certainly gonna begin from the middle east as E&Y Middle East whether agrees or not the client base it has developed through advisory and the unrealistic targets it has achieved was mostly made possible by the Andersen legacy. The enormous profits E&Y partners enjoyed over the past few years was mainly a contribution of Advisory business.

The other major factor which has also contributed to the fall of EY middle east is the bitter treatment of EY leadership on people willing to join the Andersen legacy now PwC Middle East. The continous harassment in Jeddah and Al-Khobar office of employees, employees being blamed of stealing and police being involved,EY not accepting resignations, continous threats to people who would leave, mass terminations for people having relationships with the now PwC people.

It would be in the benefit of EY Middle East Management for once to look deeply into its current leadership and get rid of those who are damaging or jeopardising the name and prestige of the firm, if it wants to survive in this market. We sincerely pray that the middle east leadership will wake up one day and see what the problem is and finding a true solution.

]]> By: Anonymous http://cpatrendlines.com/2009/05/07/the-future-of-the-big-four-will-ernst-young-be-next-to-fall/comment-page-1/#comment-545837 Anonymous Fri, 28 Aug 2009 09:36:50 +0000 http://cpatrendlines.com/?p=3433#comment-545837 What hurts most is the way we see Ernst & Young reacting and treating those who chose to leave the firm and carry on with their careers elsewhere. A case in one of the Middle East offices show that Ernst & Young is taking it too personal with its employees to a level of sending letters indicating taking legal action against its employees whom decided to resign and move on. This is ofcourse not the whole story as other unprofessional measures have also been taken. Too sad. Vey sad. Those people who resigned were our friends and gave it 110% at all times. This is how we repay them. More to come.... What hurts most is the way we see Ernst & Young reacting and treating those who chose to leave the firm and carry on with their careers elsewhere. A case in one of the Middle East offices show that Ernst & Young is taking it too personal with its employees to a level of sending letters indicating taking legal action against its employees whom decided to resign and move on. This is ofcourse not the whole story as other unprofessional measures have also been taken. Too sad. Vey sad. Those people who resigned were our friends and gave it 110% at all times. This is how we repay them. More to come….

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