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Accounting firm EY grapples with partner payment and breakout bear market

Ernst & Young executives, trying to persuade partners to split the business, said the bargains would be spread evenly, but a bear market threatens to reduce the value of a possible initial public offering of its business. advice, according to an internal webcast and people familiar with the matter.

Speaking to EY’s nearly 13,000 partners on Monday, the President and Global CEO Carmine Di Sibio said the company would give all partners in a country the same compensation multiple, according to a recording of the webcast reviewed by The Wall Street Journal.