EY Leaves Key Issues of Split Undecided as 2023 Vote Approaches

EY is finding out that divorce is never easy—even when it’s an amicable split.

Ernst & Young’s leaders have yet to settle key issues essential to their planned break up of the $45 billion professional services firm. According to people familiar with the firm’s deliberations, details still in flux include how to divvy up tax partners between the advisory business and audit practice, how to structure any stock-based compensation for advisory staff, and perhaps the most basic question: Who will run the newly decoupled businesses?

EY leaders expect that about 75 of its 140 affiliates will consider sometime in early ...