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Standing by for the "you don't understand" responses.
YOU DONT UNDERSTAND!!!!
Tell you what SM, margins certainly aren't down because of pay
Senior Manager 1 understands, but you don't.
I mean you don't understand... strong revenue growth but margin down 1%.
EYOP - correct; pay doesn't bring margins down but low margins mean less money for pay increases. There are a number of other posts recently that talk about why margins are down but to sum them up it is mostly because of high spending to build our Advisory practice and internal infrastructure costs like Project Mercury.
Yea WTF
Still feels wrong to tout revenue growth when margin is decreasing
Your bonuses essentially paid for those projects. Congrats!
EY isn’t alone.
LOL