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PwC pays $10m to partners who moved to Scyne

Edmund Tadros
Edmund TadrosProfessional services editor

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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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    Original URL: https://www.afr.com/companies/professional-services/pwc-spent-10m-paying-out-partners-who-moved-to-scyne-20240205-p5f2hn