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The Architect of Everest
- Carmine Di Sibio, EY's Global CEO, launched Project Everest.
- It was surprising given his reputation as a steady caretaker.
The Conflict of Interest Dilemma
- EY's dual business model (auditing and consulting) created conflicts of interest.
- These conflicts limited their consulting opportunities, especially with tech companies.
The Promise of Everest
- Project Everest proposed splitting EY's audit and consulting arms, taking the latter public.
- This promised lucrative payouts for partners on both sides, incentivizing the split.