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...the firm’s internal discussions....
...South East Water, which is under investigation by Ofwat for service failures, declined to comment on the letter....
...amid a slowdown in demand for some of their services....
...The profitable units, which account for three-quarters of its annual €2.6bn revenue, are now sitting in separate legal entities from its auditing business....
...“We have begun preparations, we are doing the internal work and we have been for a long time running the business with the discipline of a public company,” he told the Financial Times in an interview....
...Messina was known as “The Fixer” when he worked on Obama’s 2008 presidential campaign and was instrumental in the use of data in his 2012 re-election....
...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
...In addition, reforms have introduced new friction, Balkanising service delivery in ways that does no one any favours....
...McKinsey has grown to more than 45,000 employees in 65 countries, a two-thirds increase in headcount in the past decade. It has doubled revenue to $16bn over the same time....
...By comparison, Kirkland & Ellis of the US, the world’s highest-grossing law firm, reported $6.5bn in revenue in 2022....
...“Where we stand today it’s clear that we’re in the early stages of reopening of the capital markets,” Solomon said....
...In the turmoil that followed, inflation and interest rate rises roiled markets, and listings in Europe almost ground to a halt. CVC told investors in May that it was pushing back the plan....
...McKinsey boss Bob Sternfels is facing a tougher than expected bid for re-election after a backlash to his restructuring of the consulting firm and a slowdown in growth....
...We’re starting to get more [approaches] from strategic buyers,” Nuttall said in an interview. “You’re seeing that activity pick up. If it keeps going like this, monetisations will follow....
...Iger’s contract ends in 2026, so any internal vetting process will be protracted, and it will be hard for investors to determine how it is progressing....
...She said whistleblowers could contact the PCAOB directly, as well as going through internal channels....
...The problem is not only that we’re getting poor service, it’s that it has also become harder to complain about it....
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...In its letter to shareholders, Netflix said it was shifting its focus to engagement — the amount of time its subscribers spend on the service — while also developing new price points and sources of revenue...
...said in a statement announcing Sternfels’ re-election....
...“Managers have not invested as much capital as they expected and . . . want to make sure they participate in the next opportunity. And they’re willing to be aggressive to make sure they do.”...
...The Internal Revenue Service had temporarily stopped sending postal reminders to pay overdue tax bills, and as many as 4.7mn taxpayers could have been affected....
...The deal was one of several recent examples of buyout firms investing in the professional services industry....
...In a regulatory filing, NYCB said the weakness in its internal controls resulted from “ineffective oversight, risk assessment and monitoring activities”, noting that it would disclose a remediation plan...
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