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EY staff told to bill clients ‘every hour we can get our hands on’ after failed breakup deal

Firm plans to borrow to offset deal costs to cushion impact on partner earnings

EY staff told to bill clients ‘every hour we can get our hands on’ after failed breakup deal
Photo: Steve Taylor/Getty Images

On a staff call this week, a senior EY executive delivered an exhortation to the troops: Bill clients “every hour we can get our hands on.”

A failed breakup attempt cost the company $600m. Employees are angry. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the US by the month.

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