Eight, Take Away Four, Equals 2000 Very Rich Partners Analysis
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Summary
ARE the Big Four accounting firms operating an oligopoly? Last week's publication of the last set of profit figures for 2005, from KPMG, renders the question unavoidable.
A partnership in one of these firms, the happy lot of some 2000 or so well-heeled Britons, has become a licence to print money. The capital investment involved is minimal and the banks will always lend you the cash - should you need it - because there is virtually no risk. Partners' pay has trebled since the early 1990s, when there existed (and doesn't this now appear quaint? ) a so-called Big Eight.See the full content of this document
Extract
Eight, Take Away Four, Equals 2000 Very Rich Partners Analysis
By the end of the decade seven-figure pay packets will be far from unusual. The average "take" at Deloitte is already more than GBP700,000 and climbing inexorably. We only know this because firms are required to p...
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