Word on the street is that E&Y might be anticipating that its competitor firms will soon announce compensation adjustments, and that E&Y plans to match those cuts after they are announced. Sounds a lot like parallel conduct in an oligopolistic market. If there is any evidence of an understanding or agreement between the Big 4 as to salaray cuts, it could well be a federal antitrust law violation.
Anyone have the inside scoop on what the Big 4 are planning and whether the salary adjustments will be up or down?
Posted by Angry Accountants at 2:42:00 PM