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EY risks paralysis after split failure

EY risks paralysis after split failure

Leaders of the major firm’s US arm torpedoed a planned split deal over the Easter weekend.

Michael O’Dwyer and Stephen Foley

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Carmine Di Sibio was derided by some colleagues as a mere “caretaker” when he was appointed as global boss of EY in 2019.

The Italian-born executive confounded expectations by attempting a once-in-a-generation break-up of the big four firm. But after months of internal arguments and delays, the deal’s collapse has pitched the firm into fresh turmoil – and thrown his legacy into doubt.

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Original URL: https://www.afr.com/companies/professional-services/ey-risks-paralysis-after-split-failure-20230413-p5d027