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Of course they got too big, and especially they got too enmeshed with the auditing business. It's time to break them all up. The "firewall" that should be ther
by mschuster91 2y ago
Of course they got too big, and especially they got too enmeshed with the auditing business.
It's time to break them all up. The "firewall" that should be there from a legal perspective is a joke in practice, and when there are only three to four companies, there is no place for fresh blood and with it fresh ideas to enter the market.
- insane_dreamer 2y ago> too enmeshed with the auditing business that's not the issue; consulting pays much more than auditing, which is why the Big4 would probably be fine spinning off their auditing businesses
- wombatpm 2y agoSaid spinoffs would probably start new consulting branches after some period of time
- jncfhnb 2y agoMcKinsey isn’t in the auditing business at all. And those that do play both went the other way, transitioning from auditing into consulting. There’s a ton of competition in consulting in general.
- metadat 2y agoThis is false, the Big 4 are all in the auditing business, in addition to high-end management consulting.
- SargeDebian 2y agoWhat part of the statement is false?
- jncfhnb 2y agoMcKinsey is not a part of the Big 4. The Big 4 refers to the big four auditing firms.
- metadat 2y agoThanks for the correction.
- andsoitis 2y ago> they got too enmeshed with the auditing business. McKinsey does not have an auditing business.
- CPLX 2y agoThe firewall is of course a fiction. The entire point of these consultancies is to allow collusion between competitors, which is otherwise illegal.
- imperialdrive 2y agoInteresting, I never considered that thought before.
- chasd00 2y agoMy sister worked at McKinsey some years ago. Her favorite story is the firm working on the Obama and McCain campaign at the same time! Heh just a wee bit of conflict there.