"Deloitte U.K.'s deputy CEO [Dimple Agarwal] is stepping down amid reports of bullying, news that again focuses an uncomfortable spotlight on the supposedly toxic work culture at the Big Four accounting firms." - Michael Kapoor, Bloomberg Law, March 5, 2021.
Not so long ago, at KPMG UK chair Bill Michael had announced he would be resigning. He had been outed for informing employees to stop moaning about the pandemic. Here are more details from an earlier article on that by Bloomberg Law.
Agarwal, unlike Michael, will be staying with Deloitte. However, her brandname has taken a hit and her behavior has thrown shade on the brandname of Deloitte. An aspect of what has been interpreted as bullying had been her chastising employees about their responses to what they perceived as too much work. She had been head of People and Purposes.
What could play out from what's going down in the BigFour is that the best and brightest steer clear of them. Instead they put together their own boutiques and take on the incumbents.
Meanwhile, it is time to read or reread the expose on global workplaces - "Dying for a Paycheck." It's by, get this, Stanford Business Professor Jeffrey Pfeffer. No, not all business schools are feeder pools for the next generation of bullying capitalists. Pfeffer has taken the cause mobile with podcasting.
Around the world, traditional capitalism is being questioned.
More and more professionals are coming to me for coaching because their physical, emotional and spiritual well-being can no longer hold up in their current career paths. Some are lawyers. Some already self-destructed and lost their law licenses. Some have pivoted to other career paths but admit they miss the power of practicing law.
The tragedy is that what has been outed at Deloitte and KPMG is just the tip of the iceberg. The toxicity is pervasive throughout much of work throughout the world.
Small changes can trigger big success in your career and your business communications. Swing by for a complimentary consultation (janegenova374@gmail.com)