Mathieu Shapiro Discusses EY’s Future in an Interview with Bloomberg Tax
Obermayer managing partner Mathieu Shapiro was interviewed by Bloomberg Tax in connection with the delayed split of Ernst & Young (EY). The article, titled “EY Tax Practice Caught in Crosshairs in Battle for Firm’s Future,” published on March 22, 2023, discusses the dividing of the firm’s $11.3 billion global tax practice, targeted for May. The firm’s top leaders have yet to reach a consensus on how to parse its roughly 3,500 tax partners, who have become a bargaining chip as negotiations continue over the future of EY’s legacy businesses.
“EY’s leaders face tremendous pressure to balance competing factions and motivations—’a really difficult task,’” said Mathieu Shapiro.
Mathieu also stated that “the delays only add to the uncertainty about the firm’s future and could ultimately weaken the EY brand.”
Read the full article here.