A Profile of PWC's Chief Executive
Turnover is a major concern these days with Big 5 and mid-range accounting firms, as CEOs across the board have jumped ship in favor of greener pastures, retirement or the next big "dot.com."
This is not the case with PricewaterhouseCoopers (PWC) and their chief exec, Jim Schiro. Schiro has been with his company (Price Waterhouse, originally) for 30 years, and shows no signs of leaving - or simply slowing down.
Schiro is described as a risk-taker (the possible split of PWC into three units), a company man (30 years!) and overall, progressive and forward-thinking to embrace technology for the firm.
The latest round of huge losses for PWC, amidst SEC allegations last fall that the firm compromised its independence, are seen as daily challenges for Schiro. And, his greatest accomplishment, he says, is the ability to train others to succeed.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.