1irst things first: Some of the best professionals I’ve worked with in my career were from PwC. That said, there are issues that can’t be overlooked. Between 2012 and 2023, PwC faced fines totaling around €450 million for misconduct across several countries—hardly a sterling business record. The firm’s recent connection to Evergrande is just the latest episode in a series that has run far too long. The outlook isn’t much better among the other "Big Three," where similar problems persist. This highlights a need for rethinking incentives and corporate governance across the entire business-services sector, a vast industry today. The mantra of “You don’t make partner because you’re a good auditor; you make partner because you close deals” needs serious reassessment. For further insight, The Economist has an excellent read on this topic. PwC needs to rethink its global governance https://www.economist.com/business/2024/09/19/pwc-needs-to-rethink-its-global-governance from The Economist
- Pedro
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