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Boomer partners monetizing their equity and rug pulling the future for the people's shoulders they stood on.
I agree it’s definitely greedy. But then, I d be willing to bet that most people on here would do the exact same thing if they had the opportunity to cash out big after decades of working hard and building a business.
Chief
Only for the middle class
Chief
I wouldn't consider senior partners part of the middle class. I doubt they will have tears.
Rising Star
Boomers and older gen Xers cashing out until we have another worldcom bust and accountants will need to be independent again fully. Call it a blessing with about 10 years of hell first.
Exactly.
Between PE and outsourcing, how long before another Enron type meltdown?
Pro
DM’ed you.
Nah I just saw some firm called PKF and another called CRI
Us toooooo 😭
What firms announced?
Probably soon. There was a business card from some PE firm in my lunch order from Jersey mikes today.
Grant Thornton just did their third layoffs in 18 months after getting acquired. Definitely end in tears.
Any chance Citrin and GT are merged to trim off more redundancies and increased EBITDA tenfold?
More and more it seems like leadership is out for themselves. Not super inspiring.