Deloitte Won't Split
Quashing rumors to the contrary, Big Five accounting firm Deloitte & Touche publicly announced its intention to keep the entire firm intact. Discussion about selling the firm's consultancy unit flared in the light of such dissolutions in the other members of the Big Five Pack.
In the past year, Ernst & Young, KMPG, and Andersen have all participated in splits and reorganizations of their consultancy practices, while PricewaterhouseCoopers has made it plain they are interested in following the same path.
Not so with Deloitte, according to James Copeland, Deloitte's chief executive. "Strategically it makes no sense."
While holding firm on unity for the present, Mr. Copeland has not shut the door to separation opportunities in the future: "We always are constantly reviewing our strategies, but would have no interest in doing it right now."