It’s been a couple of weeks since we reported on the alleged incident at a PwC happy hour that involved a drunk (or roofied, depending on who you ask) partner who made his fondness for an associate known only to follow it up with a knuckle sandwich (we’re picturing a right cross).
Well, we decided to check in with a source down in H-town to see if there was any blowback from this whole situation.
I heard that PwC wasn’t going to do anything because of his client relationship and only offered the guy the chance to get off the job.
Well! Not exactly what we expected hear and we decided to check things out. Through a friend of capable means, we were able to verify the partner’s employment with the firm.
So then we emailed PwC spokesman Jon Stoner again about the incident but we have yet to hear back. Then we called the partner-in-question and left him a voicemail, asking very nicely to call us back. So far, he hasn’t returned our call but there isn’t any evidence by his greeting that he has left the firm.
So…you can see the conundrum here. What are Houston assurance associates going to do if they can’t drink beer on company dime without fearing a punch in the mouth (and possible getting an unwanted tongue down their throat)? Spend their own money? God forbid. If you know more about this, get in touch.
UDPATE: Just a few more details to share with you – we’ve heard from multiple sources that there were multiple kissing incidents at the happy hour. So while it sounds like more love (albeit unwelcome) was being spread than violence, that doesn’t mean you should be risking the invasion of your personal space for a few cocktails.
What a super misleading graphic. They conveniently fail to mention that low level staff often don’t declare overtime worked outside of their contracted hours cause they get in s**t if they do LMAO
Just shows the world how inefficient our profession is.
I am skeptical about the completeness and accuracy of this information.
How much of that is travel and client meals…
The PCAOB would be so proud 🥰
Agreed.
Do it again but for charge hours only. Yeah, partners log a ton more hours, it’s just BD getting evening happy hours and weekend golf with clients paid for by the firm. Partners aren’t sitting in front of their computer logging those hours.
Signed – a partner.
From experience, these figures are questionable, and point to a problem in work allocation of responsibilities.
I call bullshit on all of this. Staff don’t work nearly as hard now as they did even 10 years ago. When I send an email to my audit team at night or on a weekend, I almost never get a response until the next business day. There’s no eating hours going on anymore. If anything, staff are charging hours they didn’t work. The inmates now run the asylum at all the big firms, due to the shitty work ethic and lack of caring by staff entering the workforce, and the shortage of talent that is the subject of almost half the articles on this here website now.
Bro, your hard core attitude is what is making it difficult to attract people to become CPAs. The pay is poor and there are people like you that expect 50 or 60 hour work weeks just because it’s the big 4. Knowing darn well that 25% of your people are going to quit every year because they can make more money working for minimum wage in half the states.
Start paying people properly and treating them with respect. Remember your staff isn’t your staff. They work for the firm and probably five other people just like you.
I think that implies the partners are the sane ones… More like cows running the slaughterhouse.
Exactly! This generation has no idea how lucky they have it.
Given manager and below are told not to log all their hours I mimick the other comments and say this is incorrect.
349/52 = 6.7 hours per week over 40 hr weeks. So they take a 1.5 hour much, book to a client, call it work! Not really working more than the associates… Get a real title… Partner takes paid luck break, calls it work.
at least they can (probably) spell L-U-N-C-H
LOL someone was drunk when writing the comment…new book idea: 100 ways to misspell the word lunch
What a load of **click-bait**.
First, you’re only looking at Audit so may want to correct the title…”…work much, much harder than everyone else IN AUDIT at PWC”
Relatedly, the idea that audit staff work similar hours to transaction advisory staff or strategy is funny to me…having seen both sides, they don’t. I do consistently get a kick out of reading about audit folks complaining about 50-hour work weeks.
Yes, the pay’s better on the transaction/strategy, but the hourly rate may be worse.
What a lier. Mostly drinking, lunch, play golf, partying …. count as working
What a misleading stats. Why didn’t mentioned junior and entry level staff’s hours? That’s make approx 47 hours per week, approx 1.4 hours daily. However junior staffs are easily expected for staying 1-2 hours daily.