- UID
- 930550
- 在线时间
- 小时
- 注册时间
- 2013-8-30
- 最后登录
- 1970-1-1
- 主题
- 帖子
- 性别
- 保密
|
沙发
楼主 |
发表于 2014-7-24 22:55:40
|
只看该作者
Part II: Speed
EY and The Parthenon Group agree to combine, building on EY's strategic advisory capabilities
July 21, 2014 12:01 AM
[Time 2]
NEW YORK, July 21, 2014 /PRNewswire/ -- The Parthenon Group, a global strategy consultancy with 300 professionals in offices in Boston, London, Mumbai, San Francisco, Shanghai and Singapore, has signed an agreement to combine its operations worldwide with EY, subject to the satisfaction of agreed conditions. Parthenon is ranked among the top 10 management consultancies worldwide.1 Upon closing, the transaction will bring together EY's world-class brand, global reach, market-leading growth and track record of innovation with Parthenon's significant strategy capabilities across the Global 1000, private equity and education markets.
"Combining EY's and Parthenon's strengths, we will be better positioned in the marketplace to serve as strategic advisors working with companies to develop investment strategies across the capital lifecycle," said Pip McCrostie, EY Global Vice Chair, Transaction Advisory Services. "The combination is a great match on many levels. Just one example: Parthenon has first class credentials in the education sector and EY is already committed to making a positive difference in this area around the world."
The combined business will be part of EY's Transaction Advisory Services, operating under the Parthenon brand and the leadership of Parthenon's Chairman and Managing Partner Bill Achtmeyer. It will advise clients on when and where to invest their capital and assess the viability of strategic objectives around growth opportunities and portfolio management. It will also complement other strategy service offerings from different parts of the EY organization, and will play a key role in delivering exceptional client service across all sectors and geographies.
Achtmeyer added: "Parthenon is dedicated to helping our clients develop winning strategies, as is EY. Together we can offer corporations, private equity firms, and not-for-profit institutions superior end-to-end consulting services from ideation to implementation. Furthermore, our heritages are steeped in being entrepreneurial. I firmly believe this combination equates to one plus one equals ten."
[303 words]
[Time 3]
Mark Weinberger, EY Global CEO and Chairman, concluded: "Adding the high quality talent of the Parthenon Group to EY's rapidly growing strategy consulting capabilities will be a powerful proposition in the market. Parthenon's substantial capabilities will help our clients make better capital allocation decisions and grow sustainably. This in turn will help us fulfill our purpose of building a better working world. "
Clearsight Advisors has been acting as the exclusive financial advisor to The Parthenon Group in connection with this proposed transaction.
About The Parthenon Group
The Parthenon Group is a leading advisory firm focused on strategy consulting, with offices in Boston, London, Mumbai, San Francisco, Shanghai and Singapore. Since its inception in 1991, the firm has embraced a unique approach to strategic advisory services built on long-term client relationships, a willingness to share risk, an entrepreneurial spirit, and customized insights. This unique approach has established the firm as the strategic advisor of choice for chief executives and business leaders of Global 1000 corporations, high-potential growth companies, private equity firms, educational institutions, and healthcare organizations.
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
[298 words]
Source: Yahoo Finance
http://finance.yahoo.com/news/ey-parthenon-group-agree-combine-040100251.html;_ylt=AwrTWfx0CNFTL1MA3_.TmYlQ
Not yum!
Jul 23rd 2014, 23:41 by V.V.V. | SHANGHAI
[Time 4]
JUST a few months ago a meat-processing plant in Shanghai’s Jiading district won a food safety award. Shanghai Husi Food, one of several such facilities in China owned by OSI Group, an American firm that sells meat products to the world’s leading fast-food chains, was named an “Advanced Unit (A-Class) of Safe Food Production” by local authorities.
Not quite. A hidden-camera exposé, done by local reporters, appears to show workers at the plant relabelling expired meat as fresh and handling food with bare hands. It appeared that the floor of the processing plant was covered with rubbish and sewage, and meat was scooped up off the floor and thrown into mixers. Rotting meat was apparently mixed together with fresh meat and packaged for sale. In this and other ways, the A-Class plant made a mockery of “safe food production.”
The shockwaves rippled through deep fryers across the land. It turns out that OSI is an important supplier to such fast-food chains as McDonald’s and Yum Brands, which controls KFC and Pizza Hut. Both firms immediately halted sale of meat processed by OSI. Starbucks, an American coffee purveyor, pulled from its shelves chicken paninis that contained questionable meat. At least nine big chains, including two Chinese firms and the Japanese arms of several multinationals, are affected.
This is but the latest in a never-ending series of food-safety scandals in China. As usual, the firm at the heart of the controversy claims it is pure as the driven snow. Officials at OSI’s headquarters say they are shocked by the allegations, and insist that if they are true they are anomalies. The damage to the firm’s reputation (which, to be fair, had previously been good) may be hard to repair.
Five officials from the company’s Shanghai operations, including the head of the firm and its quality manager, were detained this week by police. China’s Food and Drug Administration is now investigating the company’s operations in five other provinces. Most damningly, an official declared that the illegal activities “are not the behaviour of a certain individual, but an organised arrangement.”
[346 words]
Source: Economist
http://www.economist.com/blogs/analects/2014/07/food-safety
Why Ernst & Young Believes So Strongly In Paid Paternity Leave
By Richard FeloniJuly 1, 2014 12:34 PM
[Time 5]
Research shows the large majority of dads think all companies should provide paid paternity leave.
Karyn Twaronite, Ernst & Young America's inclusiveness officer, recently found herself chatting at a company cocktail party with a group that included three soon-to-be dads in their early 30s.
Since it's part of her job, she asked if they were going to take paternity leave. "Of course," they all said — a response that she wouldn't likely have gotten 10 years ago.
"It's no longer an issue of 'if' men are going to take paternity leave," Twaronite tells Business Insider of EY's corporate culture, "but of 'how long.'"
Paid paternity leave has been a hot topic lately, especially after President Obama advocated for flexible workplaces and paid family leave programs at the White House Summit on Working Families last week.
Research shows that the majority of fathers believe all companies should offer some form of paid leave for them to spend time with their newborns, but only a small percentage of American companies — 14% according to the Families and Work Institute — currently offer paid paternity leave.
That might change. With more Gen Xers and millennials starting their families and expecting more flexibility from employers, Twaronite says she's seen a cultural shift in the past decade or so.
Ernst & Young introduced its paternity leave policy 12 years ago. The accounting giant offers two weeks of paid leave to all new fathers, and up to six weeks for fathers acting as the primary caregiver. While tech companies like Facebook and Yahoo have attracted attention in the past few years for offering extremely generous paid paternity leaves —four months and two months, respectively — EY started offering the benefit long before there was a public demand for it.
"There were some who thought it was silly and that there would be no participation," Twaronite says. It started as a perk that many men were happy to take, but today it is seen as an essential benefit, she says.
[329 words]
[Time 6]
EY doesn't offer paternity leave simply for the sake of being progressive. It firmly believes that it helps with employee retention, saving money on rehires and increasing engagement, Twaronite explains. Between 500 and 600 EY employees take advantage of paternity leave each year.
A recent report called " The New Dad ," which is t he fifth annual study of working fathers by Boston College's Center for Work & Family (CWF) and is sponsored by EY, shows an increasing trend in professional men wanting paid paternity leave.
The CWF surveyed 1,029 fathers at 286 companies. While it's important to note that 58% of respondents came from the CWF's network of companies, meaning most were highly educated professionals at companies with progressive benefits , the report shows that most men will take paid paternity leave if it is offered and will take the maximum amount of time offered.
Eighty-six percent of fathers said they would take time off if they received at least 70% of their salary, and 91% said they would have taken more time with their families if paid leave had been available when their children were born.
A full 99% of those surveyed said companies should offer paid paternity leave, at an average of two to four weeks. Additionally, 95% said workplace flexibility was essential to managing their work-life balance.
Twaronite says that the trend of more Gen X and millennial employees replacing Boomers is largely responsible for the recent embrace of paternity leave. These younger generations are more aware of studies showing the psychological importance of bonding with infants and don't want to be absent fathers.
An EY study from last year found that both generations rated workplace flexibility as more important than other benefits. This finding is consistent with the CWF's report, which found that both generations took more time off in paid paternity leave than Baby Boomer fathers.
"Our only asset is our people," Twaronite says of EY. "W e don't manufacture a product."
She says that internal surveys have shown an increase in employee retention over the past decade, and believes it's fair to draw the conclusion that offering more flexible benefits like paid paternity leave for dads has significantly contributed to it. "We want our employees to work with us longer, so we try to stay ahead of trends."
[386 words]
Source: Yahoo Finance
http://finance.yahoo.com/news/why-ernst-young-believes-strongly-163214428.html;_ylt=AwrTWf2nD9FTxQ4Aa56TmYlQ
|
本帖子中包含更多资源
您需要 登录 才可以下载或查看,没有帐号?立即注册
x
|