Wayne Berson, CEO of BDO USA, joins Blake and guest host, David Leary, to discuss BDO's recent transition to an employee stock ownership plan (ESOP), making it the first major accounting firm to implement an ESOP structure. They discuss how the ESOP aims to attract and retain talent in the accounting profession and provide employees at all levels with an ownership stake in the firm.
Chapters
- (00:44) - Why do an Employee Stock Ownership Plan(ESOP) now?
- (09:06) - BDO borrowed $1.3 billion - what is that money for?
- (14:52) - How will ESOP benefit staff?
- (19:06) - Is there a way to pull money out of the ESOP without leaving?
- (29:15) - How do you become a partner at BDO?
- (31:25) - What are my options when I'm a partner at BDO?
- (35:54) - What are your thoughts on the talent shortage and the 150-hour rule?
- (47:47) - What advice do you have for other firms thinking of becoming an ESOP?
https://earmarkcpe.com
Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Connect with Our Guest, Wayne Berson
LinkedIn: https://www.linkedin.com/in/wayneberson/
Learn more about BDO
Website: https://www.bdo.com/
Connect with Blake Oliver, CPA
LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Death, Sex & Money
Anna Sale explores the big questions and hard choices that are often left out of polite conversation.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.