- Ernst & Young has paused its plan to spin off its consulting arm due to pressure from U.S. partners.
- Votes by partners to approve the split had been due to take place in April, but have been delayed.
- Splitting EY’s 70,000-person tax practice has proved one of the thorniest aspects of the deal.
- Retired partners in the U.S. are concerned that the split could affect their pensions.
- EY's leaders have set up a committee to represent the retired U.S. partners.
Ernst & Young Pauses on Plan to Spin Off Its Consulting Arm
At issue is how firm’s tax practice will be divided
Jean Eaglesham
