Financial Times
UK · 1 hrs ago
✦ 78◉ Centre
PwC cuts partner payouts in China Evergrande fallout
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Quality 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
PwC is withholding partner payouts from a 2022 asset disposal to cover regulatory fines and anticipated legal costs stemming from its involvement in the China Evergrande financial collapse.
PwC cuts partner payouts in China Evergrande fallout
Proceeds from a 2022 disposal will no longer be distributed as firm deals with fines and looming lawsuit
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