Today a partner was telling me MDs will get equity. How much could it be? The math is impossible without more facts. How much will be left over after NewCo partners get their share and the audit partners are paid out? I’m not expecting anything but it’s disingenuous to tell me with excitement that I’m getting equity when it’s going to be a token gesture. Don’t mean to complain.

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Heard 10% of and 3x salary so don’t know what to believe. 10% would be a joke. Will be very interesting when it all comes out.

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3x would be amazing and that’s what it should be for MDs, but sadly agree it’s unlikely

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3x seems highly unlikely but I would expect 1x to1.5x salary. If too many MDDs walk out, I think it will create a significant challenge for NewCo. After the vote, hopefully there will be transparency.

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Rough math - feel free to check

FT reported target of 15% of firm will be sold to the street, hoping to raise $10b for that = market cap of newco to be $66B

6000 newco partners will share 70% of newco equity = 70% of $66B which is $46B which is approx $7m per partner

15% of equity to be distributed among “staff”. If we assume that MDs get 50%(of the 15%) and US accounts for 50% of MDs that leaves $2.5B to distribute to MDDs

US has 8000 MDDs - which means $300k

Lots of assumptions above - market cap, %age split to MDs, #MDs etc

Feel free to check the math

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1X not worth staying perhaps unless you don’t have good options elsewhere …some newspapers reported EY India partners would get 10X-12X per their agreement ….factor of 10 in payout for MD’s vs factor of 1-2 max in responsibilities and impact …:)

If it is not based on performance / sales / revenue contribution and a blanket all PPs get X and all MDs get Y, I will be disappointed. With that said, knowing my revenue targets vs many PPMDs, if I don’t get 2x, I will be leaving.

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I would like 2x salary in equity

Any thoughts about payouts for MDs staying with Assureco?

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