Everytime I read EY-Parthenon, it just strikes me like one of those women who was like too independent and didn’t like the guy enough to take his last name… but still said yes when he popped the question and went the hyphenated route…. Years later and still doesn’t feel like a happy marriage 🥲

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Posting as :
works at
You are currently posting as works at

What's your take on Strategy&

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I get the feeling that’s a lavender marriage

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I was on diligence prior to the deal to acquire Parthenon and then I worked on Parthenon teams and it was not EY that purchased Parthenon but specifically it was the TAS practice that bought Parthenon.

EY-TAS and Parthenon had a great synergy and working dynamic and the quality of deliverables and work products was comparable, but when integrated Parthenon into the entirety of EY, the cultural differences became terrible. EY is first and foremost a tax and audit firm and it had advisory and then a consulting practice, but tax and audit still maintained the control. That dynamic is going to create a challenge with a Tier2 strategy firm.

I had former colleagues at Booz when it was acquired by PWC, and somewhat to PWC's credit with S&, the bandaid was ripped off faster and many of the Booz partners and employees left much faster, and so they reached their standard operating state much faster.

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It varied, when the deal first closed, I was basically on loan to OTS for almost three years and so TAS-OTS would go in and execute on an M&A transaction and then often for post-transaction strategy work, TAS would provide work referrals to Parthenon and then Parthenon in some cases would bring in experts in certain operational or tech areas from TAS, and so there was a mutually beneficial relationship at the onset.

Parthenon though was permitted to maintain their office as an example and while there was coordination, the original intent was to let Parthenon continue operating as a partner to TAS. When that started to change, there weren't just issues in politics between TAS/OTS and Parthenon, but many of the G360 account leaders from EY advisory as well as tax & audit, started to also expect to be brought in on these engagements that were part of their accounts and the politics got even worse.

I mean you had TAS poaching the best people from EY in areas like commercial strategy, supply chain, and IT to support M&A and then post transaction strategy and operations work. The partners across the board were at odds with each other. I was a senior manager in the NextGen program and the path to partner was close, but it became a political minefield.

OP, Your thoughts on PWC and KPMG?

…and still lives at home

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OP, so what’s your take on D

Im going with D being a widower, the circumstances under which monitor passed away have always been sketchy but Monitor was rich and D used inheritance to launder it’s image, buy a convertible and try to hang with the cool kids at the bar

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