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EY counts $600m cost of failed breakup bid
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fnlondon.comFor months, Ernst & Young's top leaders characterised their planned breakup of the firm as almost inevitable. All that was left were some adjustments around the edges and votes by partners in dozens of countries.
They missed a brewing revolt at the firm's biggest operation, where EY's top leader and the architect of the breakup had deep ties. A handful of US partners, prodded by a vocal group of EY retirees, scuttled the deal.
EY...
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