- EY leaders claim progress on ‘Project Everest’ after weeks of conflicting messages.
- The plan aims to spin off its consulting business and large chunks of its tax practice into a new company.
- US leadership is fighting to keep more tax and transaction advisory work for the ongoing EY business.
- The deal would free EY from conflict-of-interest restrictions that prevent it selling consulting services to companies it audits.
- Clients are concerned about the future shape of the firm, causing consternation among partners and staff.
EY bosses present united front after dispute over stalled break-up plan
EY leaders claim progress on split plan 'Project Everest', despite weeks of conflict and client concerns. US leadership fights to keep more tax and transaction advisory work for the ongoing EY business.