Has anyone heard about Partners being demoted at EY? Noticed at least 1 partner who's rank changed from Partner to MD

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Yes. It’s for the partners that aren’t meeting their sales goals but good on delivery. Basically, if you are not in Audit or Tax, and you aren’t selling, you shouldn’t be a partner.

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Forever MD isn't bad.

funny

forever dangling the carrot

The path to partnership at the bigger firms is very narrow at this point. They need to cut unproductive partners to open up spots for new ones, otherwise they cannot continue to dangle carrot / retain people.

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Yup. EY is tightening the belt after the failed transaction

Yes they are telling certain partners either to quit, retire or take a demotion and compensation cut to non-equity partner (MD) or they will get terminated. So much for the “prestige”……

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