2022---ey-wants-to-split-up---thousands-of-partners-would-become-millionaires

The primary reason for the split was to address regulatory concerns regarding auditor independence. Huskie Commons

Ernst & Young's Attempt to Split Accounting and Consulting Services The primary reason for the split was to

Start with the "winning" numbers that leaked in 2022: typical partners in the US and UK were looking at cash payouts of $1.7 million to $3.6 million to stay with the audit business. Meanwhile, those moving to the new consulting arm ("NewCo") were promised stock awards worth seven to nine times their annual pay—reaching up to $8 million for senior leaders. Key Story Beats The primary reason for the split was to