EY’s Breakup Plan Means Windfalls for Partners

Ernst & Young’s plan to split its audit and consulting businesses would give thousands of its partners multimillion-dollar payouts and relies on optimistic assumptions for growth to justify the deal, according to internal company documents and people familiar with the matter.

The plan would split up the firm’s accountants who audit companies like Amazon.com Inc. from its faster-growing consulting business, which advises businesses on tax issues, deals and technology, among other things. 

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