Disciplined choices, talent investment, and cultural alignment matter more than chasing every opportunity.
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Big 4 Transparency
By Dominic Piscopo, CPA
For CPA Trendlines
As private equity reshapes the accounting profession, Bennett Thrasher is making a different kind of bet. The top 100 firm intends to remain independent.
Michael Hoover, Bennett Thrasher’s chief growth and strategy officer, joins host Dominic Piscopo on The Big 4 Transparency Podcast to explain why the firm considers independence central to its growth strategy—and why saying no may be one of the most important disciplines a growing firm can develop.
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“The biggest bet,” Hoover says, “is just remaining fiercely independent.”
That commitment shapes how Bennett Thrasher approaches everything from new service lines and acquisitions to recruiting and compensation. Rather than pursuing growth for its own sake, Hoover says the firm is working toward a long-term strategy for 2030 and scrutinizing whether each opportunity advances that vision.
In a market where firms are searching for new revenue streams, the temptation to pursue the latest “shiny object” can be powerful. But every new initiative consumes capital, leadership attention, and talent. Hoover argues that firms must examine not only an opportunity’s potential revenue, but also what they may have to postpone or abandon to pursue it.
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