What’s Accenture? (And why is it worth $140B?)

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4 pointsdvdhsu2 comments

Its one of the big three that will use your watch to tell you the time and charge you to do it, and they are not worth $140B they are priced at $140B but their worth varies as a function of belief in their services.

Their value could evaporate as fast as Enron did in its space. Or Greenhills. Or in the consulting space deloittes or anyone else in the consulting and contracting business. Theyre all one significant lawsuit or one excel spreadsheet mistake away from zero value. It just depends what happens when the mistake goes live.

Did you intermediate the Australian census deployment debacle? Poof. Gone.

It's Arthur Anderson. Anderson consulting.

When Big5 became Big4 and a name-change.

Then there's MBB and Wall St. firms like Goldman Sachs.

I was familiar with a WASP guy who worked at Morgan Stanley. It turns out he was basically a quant who created a new market for a subsistence grain by exploiting African farmers. Oh how nice! I'm glad that project failed because it would've costed those farmers dearly. From significant personal experience with them, Wall St.-types almost universally have the hubristic attitude that they're so awesome, better than everyone else, and unconstrained by laws, ethics, or morality.

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