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