PwC pays $10m to partners who moved to Scyne
Edmund TadrosProfessional services editor
PwC Australia paid 23 of the roughly 100 partners who moved across to Scyne Advisory the value of their accrued partnership retirement payments last year, a move that cost the consulting giant more than $10 million.
The payments, calculated as a percentage of what eligible partners would have been owed, were done to sever ongoing financial ties between the consulting spin-off and the embattled big four firm.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
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