The fallout from Bill Michael's (UK Chairman of KPMG) #MoanGate video continues.
The Telegraph reports that relationships at the top of the firm became so toxic under Bill Michael that it was forced to pay for an external coach to sit in on meetings to ensure senior managers would be civil towards each other, according to insiders.
KPMG's leaders were also asked to hand over their phones to investigators trying to root out the source of suspected leaks as the firm’s reputation took a battering over regulatory probes, alleged bullying and aggressive cost cutting, sources said.
Unsurprisingly he has now resigned. Bina Mehta has stepped in as acting chairman, and Mary O'Connor has taken over Michael's day-to-day executive responsibilities as acting senior partner.
A pretty poor state of affairs by anyone's standards, and not how the firm used to be run when I was a member of staff in the late 1980's!
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