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Nice Work If You Can Get It, Part II
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Posted by: Jack Ciesielski 9/29/2005 7:55 AM
Yesterday I mentioned the 29% growth in revenues for Grant Thornton: not shabby for any company in any industry to grow revenues that quickly, I thought. And $$748 million of revenues can pay a lot of salaries.

Just to remind you why the Big Four is the BIG Four, and the next five to eight are almost insignificant (see William McDonough's remarks in the same post), Ernst & Young released their year end revenue figures today: $16.9 billion for the year ending June 30, 2005 - a 16% increase over last year.

Sixteen percent growth is not exactly sluggish - and definitely not sluggish when you're talking about a revenue base numbering in the billions of dollars. Note that Ernst & Young's revenues were 23 times Grant Thornton's. Is it clear why the Big Four isn't likely to be the Big Five any time soon?
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