- It is too early to predict if the EY break-up plan can be salvaged, according to Julie Boland, the head of EY's US business.
- Halting preparations for the split has prevented an escalation in costs tied to the deal.
- Four of EY's most senior former leaders expressed concerns that the plan was fundamentally flawed and threatened audit quality.
- Partner votes were intended to begin in November but were delayed repeatedly before being postponed indefinitely after Boland's intervention.
- Some partners accused the US business of moving the goalposts by reopening negotiations over which parts of the business should be allocated to each side.
Financial Times — Companies — EY Break-Up — Us & Canadian Companies — Uk Companies — Accounting & Consulting Services
EY’s US boss warns it is ‘premature’ to say whether break-up plan can be salvaged
EY's US boss, Julie Boland, has said it is too soon to predict if the break-up plan can be salvaged. The pause has prevented an escalation in costs tied to the deal, while important issues remained unresolved.