David I. Foley

April 18, 2024

Grant Thornton retirees escalate revolt over private equity deal

...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....

April 11, 2024

FT Live

Innovation in Wealth Management Summit

Augmented intelligence for client-centric services

PwC

PwC picks Mohamed Kande as global chair

...“I am a Black man. I am an immigrant. I speak English with a French accent. And my name is Mohamed,” he wrote in 2021....

October 30, 2023

Accountancy

EY’s Janet Truncale: Project Everest survivor with a mountain to climb

...“Am I the right leader for the firm at the right time?”...

November 17, 2023

PwC

PwC’s US boss to quit as race to lead Big Four firm accelerates

...“Having seen so many of the challenges our clients and our society face, I have a strong desire to explore leadership opportunities outside the firm and help in a different way.”...

October 13, 2023

Transcript

Transcript: McKinsey’s China problem

...Stephen Foley Yeah. I mean, there is a general question about McKinsey’s work for governments around the world....

February 29, 2024

FT Live

Evolving retirement strategies in an ever-changing world

What new regulatory developments mean for IFAs

KPMG International

KPMG fined $25mn over exam cheating scandal at firm’s Dutch arm

...I deeply regret that this misconduct happened in our firm. Our clients and stakeholders deserve our apology.”...

April 10, 2024

News in-depthPrivate equity

Private equity groups step up pursuit of white-collar partnerships

...David Trujillo, another partner at TPG, summed up the pitch to accountants and others they are trying to lure away from the partnership model....

March 18, 2024

Accountancy

Top accounting firms admit breaking rules safeguarding audit independence

...“I would characterise them as technical violations,” said Dennis McGowan, vice-president of the Center for Audit Quality, which represents large US accounting firms....

January 30, 2024

Transcript

Transcript: The Big Four’s year of lay-offs

...Stephen Foley I think what these round of lay-offs really do demonstrate is just how different the audit and the consulting businesses are inside these firms....

December 11, 2023

Transcript

Transcript: EY’s new leader has her work cut out for her

...I’m joined now by the FT’s US accounting editor Stephen Foley. Hey, Stephen. Stephen Foley Hi there. Great to join you. Sonja Hutson So give us some background on this selection....

November 17, 2023

PGA Tour Inc.

US senator vows to fight on against Saudi influence over golf

...But he added: “I am very hopeful that the deal will be different than what was contemplated initially in the draft that we saw last year.”...

February 12, 2024

Accounting & Consulting services

McKinsey and BCG warn staff face jail if they reveal Saudi work

...As I hope the committee can understand, that is simply not a risk I can take for myself or for my employees.”...

February 6, 2024

Accounting & Consulting services

KPMG looks to take some of the pain out of the auditing ‘busy season’

...“Younger people think about work-life balance differently than we did when I was starting out, and so we’ve tried to meet our professionals where we think they need to be met....

December 31, 2023

News in-depthMcKinsey

McKinsey head Bob Sternfels faces opposition to re-election

...“I’m sure there’s a desire for somebody who will speak more compellingly and excitingly about what the firm is doing,” said one former partner....

January 21, 2024

FT Live

Bank of the Year Awards 2024

Recognising the best in banking globally

FT WealthStephen Foley

Striking a balance between compassion and consumption

...Stephen Foley is the FT’s US accounting editor....

November 30, 2023

Supreme Court US

How the US Supreme Court could thwart a prospective wealth tax

...going to basically get rid of, I don’t know, a third of the tax code . . ....

December 3, 2023

FT WealthStephen Foley

Simplicity is key to avoiding a gap in investment returns

...Stephen Foley is the FT’s US accounting editor....

October 26, 2023

PwC

Mohamed Kande, the engineer turned consultant rising to PwC’s top

...“I’m always impressed when people invest in themselves, even as experienced leaders,” said Terrington. “I expect it will be an asset to him in the role.”...

November 3, 2023

News in-depthPwC

PwC succession twist followed debate on management style

...“I shared with the people closest to me that I was struggling because I love the firm and I love the network. I’m incredibly loyal and their loyalty was pulling at me,” he said....

October 18, 2023

EY

EY finance chief left after failure of spin-off plan

...“I joined EY to help the organisation pursue a transaction,” Miller said in a statement to the Financial Times. “With that off the table I have left to pursue other opportunities....

October 8, 2023

Management consulting

Consulting firms freeze US starting salaries in bid to shore up profit

...“It’s the toughest, most competitive market I have seen in 10 years....

November 5, 2023

Adventurous InvestorDavid Stevenson

Fintech finally starts to add up for investors

...David Stevenson is an active private investor. He has holdings in Chrysalis, Augmentum, Funding Circle and Nubank. Email: adventurous@ft.com. X: @advinvestor....

April 19, 2024

Q&AFT Magazine

David Yarrow: ‘What trait do I find most irritating in myself? That I’ve never got better at golf’

...Fine art photography by David Yarrow is exclusively available from maddoxgallery.com Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...

March 9, 2024

FT SeriesMilan design special 2024

How David Lynch will wow the Milan furniture fair

...I can’t think of anything more David Lynch than being approached to be part of a furniture fair and proposing a thinking room in response....

March 30, 2024

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