Deloitte Returns to NY Financial Center After Terrorist Attacks

Undeterred by the acts of evil and violence that marked September 11, 2001 as a day of infamy, Deloitte & Touche (D&T) has begun returning its partners and employees to refurbished offices in the lower Manhattan financial district. The offices at One World Financial Center that served as the firm's regional headquarters since 1993 were destroyed in the terrorist attacks.

Looking Forward to Revitalization

According to a statement released by the firm, the first 400 professionals were transferred back to the site on April 15th. The firm expects all 3,000 World Financial Center professionals will return to the facility by the end of August 2002. Altogether, the firm will occupy 11 floors in the complex when the return is complete. Since the building was evacuated during the attacks on September 11th, many of the firm's employees have been working in temporary offices in New York, New Jersey or Connecticut, as well as at client offices.

"This is our home and we're glad to be back," said Bill Freda, co-regional managing partner, who heads D&T's financial services industry practice. "Our return marks an important milestone for the firm, our clients, and our people. We're looking forward to being part of the revitalization of the downtown area."

Looking Back and Remembering

D&T suffered the most property damage of all the Big Five. But despite the close proximity of its office building to "Ground Zero," all but one of its workers were safely evacuated after hijacked planes crashed into the World Trade Center on Sept. 11th. David Suarez, an assistant consultant for Deloitte Consultancy in Chadds Ford, Pennsylvania, was visiting the New York office and was caught in the destruction at the World Financial Centers.

PricewaterhouseCoopers suffered the greatest losses of all the Big Five in terms of human tragedy. The firm lost five people in the attacks, all on board the hijacked planes. Daniel Brandhorst, a PwC attorney, Brian Kinney, a PwC auditor, and Patrick Quigley, a PwC partner, were passengers on United Airlines Flight 175. Kelly Booms and Jessica Sachs were on American Airlines Flight 11. Both flights were traveling from Boston to Los Angeles.

Spokespersons for Andersen and KPMG said their firms were fortunate in that they had no fatalities. A spokesperson for Ernst & Young (EY) said that, remarkably, the firm did not lose a single employee in the terrorist attacks, but the partners and staff were saddened to learn of the loss of some EY alumni (former employees).

-Rosemary Schlank


Already a member? log in here.

Editor's Choice

Upcoming CPE Webinars

Dec 3The materials discuss the concepts and principles in the AICPA’s new special purpose framework.
Dec 8Kristen Rampe will cover how to diffuse the tension in challenging situations in this one-hour webinar.
Dec 9A key component to improving your firm’s workflow efficiency while enhancing your profitability at the same time is how you leverage emerging technologies.
Dec 16Kristen Rampe will give tips on how to bring confidence into the room and build a valuable network.