2006-11-14 06:56:00 · 2 answers · asked by Anonymous in Business & Finance ➔ Corporations
PriceWaterhouseCoopers is a series of partnerships incorporated around the world under local laws. The US business is owned by active US partners, the UK business is owned by active UK partners, etc, etc.
Local laws are slightly different whereever you are in the world but the general position is that each year the profit for each country is divided out amongst the working partners in that country. If there was a loss (no, don't laugh...) each partner would be legally responsible for part of that loss. The national businesses are all held together in a loose federation, so things like IT systems are budgeted and managed centrally.
2006-11-15 04:21:44 · answer #1 · answered by popeleo5th 5 · 0⤊ 0⤋
PwC does not have a parent company, they are a partnership where ownership is divided between working partners.
2006-11-14 07:17:49 · answer #2 · answered by S Robert 2 · 0⤊ 0⤋