Fact Service (September 2013)

Issue 37

Fat cat consultants

It was large doubles all round as the average member’s share of profit at PriceWaterhouseCoopers (PWC)— the world’s largest accounting and consultancy firm — rose by 3.8% to £705,000 in 2013 from £679,000 the year before.

The estimated profit attributable to the 13 (2012: 11) members of the executive board was £25.0 million against £22.2 million the year before. The largest pay pay packet was received by Ian Powell, chair and senior partner of PWC. He picked up an estimated £4.2 million in profit as a partner of the firm in the year ending June 2013 — a 5% increase on the £4 million he received in 2012.

Earlier this year, PWC announced that it had recruited former Labour MP and health secretary Alan Milburn to head a board overseeing its healthcare practice.

www.pwc.co.uk/annualreport/index.jhtml


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