Are principals and partners immune from getting laid off for poor performance?

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At least at BCG definitely not.

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Definitely not up our out for life at BCG - except for some very senior partners

I personally know 2 principals who have been let go for poor performance in the past 2 years.

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Can’t speak broadly, but for us it’s competency & regional leadership.

No

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No firm can afford sustained poor performance by partners . But getting a partner out is a long and painful process . Most often other partners find a way to find them a role in industry

likehelpful

McK is always culling... although sometimes it takes too long. Known d’bags hang for way too long here.

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Seen them do it here for missing sales targets too often

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Aren't they more likely to get cut since they're expensive?

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good point.

Yes. The pressure is full on for PPMDs to sell and deliver, not making numbers results in being demoted and likely terminated.

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Yes, but it’s a lengthy process. Where you’re at will, a partner is a part owner of the firm. It takes a team to build a case over some time, a recommendation of leadership, and a ratifying vote. Unless otherwise an emergent threat to the whole, this process isn’t done with too much regularity... hence why sm sucks

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GOOD ONE!
I've heard of a partner being removed from signing rights of a contract, but still involved as an advisory partner - dont think he was granted a share of profits of the contract, but paid a fixed sum (just like any other staff). Not sure why tho.

Didn’t EY partner get let go for poor performance and then sued saying it was retaliation after reporting sexual harassment ?

Hahaha. No, we are definitely not immune.

What are the more common reasons for getting the boot? Besides sales targets.

What about harassment and discrimination?

Trying to report someone?

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