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Anyone following Austerity Mum blog story?

108 replies

Jane7 · 19/01/2011 11:39

It's really quite hilarious. Rich lady writes blog about how to cut back eg take fewer helicopter rides. Now it's revealed that she's the wife of boss at Price Waterhouse Cooper. Has anyone been following her blog? Sounds hilarious, in sort of tasteless 'how the other lives' kind of way

OP posts:
OntheQT · 01/02/2011 10:07

It has been viewed extremely dimly by the partnership MmeLindt - damaging the professional reputation of the firm.

Lack of judgement is a very serious offence in the world of big bucks professional services firms. Having a wife who is a bit of a loose cannon does not easily get forgotten.

frgr · 01/02/2011 10:13

OntheQT, how do you know? Apart from being plastered across google when you search for lisa unwin/ashley unwin (say at his next job interview or the next time he gives an interview - look at this carefully orchestrated example)... it's unlikely that either of them will actually have any real, long lasting impact from her indescretion. they'll probably slap him on the wrist, tell him in polite terms to make sure his wife gets with the program (it's perfectly ok to be a rich twat living in a bubble, just don't admit it out loud)... and all will be forgiven after a few years of keeping low.

unless my cynisism is uncalled for and you know something we don't :) it's not like i've ever actually worked at that level of Price Waterhouse Cooper Grin

MmeLindt · 01/02/2011 10:15

Hmm, I guess it depends on the company.

Saying that, there is a guy in DH's company whose wife could be described as a "loose canon" - heavy drinking when out with colleagues, sitting on lap of her husband's co-worker, in full view of the big boss, very provocative behaviour. Her DH is in line for a promotion this year and there are lots of rumblings about her conduct. Will be interesting to see if his work can balance her behaviour.

frgr · 01/02/2011 10:16

argh i'm trying to post a link to this interview - extract:

"Ashley Unwin, partner and head of consulting at PwC, points out that a good academic record is just the start when it comes to taking on people. "We require people to be outgoing, with ambition, energy and drive. Emotional intelligence is especially important to us, given that so much of the work consultants do is in interacting with other people."

There are a few other examples of him marketing PWC/himself professionally, mention on the FT too. So much effort to display a front and then his wife goes and tells it like it really is... Wink

OntheQT · 01/02/2011 10:38

Let's just say that I know the top echelons of the firm in question quite well. Wink

In a partnership, the partners vote for one another to get senior positions. So it's not like an ordinary business structure where if the CEO likes you, it doesn't matter what your peers think. If you fuck up badly (or your spouse does), then your chances of advancing your career are significantly reduced.

And now I'm going to go away before I inadvertently out myself and post under my normal username :o

CrosswordAddict · 01/02/2011 11:36

frgr and ontheQT have just come back and read your posts with interest. Fascinating stuff to a pleb like me. Just wonder though, there's an old saying "No publicity is bad publicity" so maybe this has raised the profile of PWCooper in the public consciousness?

Cortina · 01/02/2011 11:43

I know a fair few that spend more extravagantly and think more vacuously than this pair. If I wrote down what I know people would seriously think it was a complete fiction. They are not particularly well off compared to many at the top of companies in the finance sector etc. Makes it all the more excruciating somehow.

Xenia · 01/02/2011 14:04

He's a partner already although not very long standing.

Nov 2009:
PwC plans to triple consulting business in five years

One of the most encouraging bits of news we?ve had recently was the announcement by PricewaterhouseCoopers that it was planning to treble the size of its consultancy operation.

Leading the charge in the UK is Ashley Unwin, who was appointed head of the firm?s Performance Improvement Consulting practice in May. A former consultant, he was lured back into the fold after a stint in private equity and latterly the music industry.

?I was tempted back by the sort of vision offered by our chairman Ian Powell,? he says. ?If you look at the size of the market versus our penetration, there?s a significant opportunity for growth.?

Summing up the new approach as ?we are a professional services firm and we need to act like one,? Unwin believes that PwC is well placed to deliver on a five year plan to triple revenue even without any underlying growth in the market. However, this does not mean a renewed ?charge into technology? or even an acquisition spree.

?We won?t necessarily go into anything new,? says Unwin. ?But in many areas there?s an opportunity to provide a fuller suite of service than we currently do. For example, in regional and local government we?re fairly mature, we have a full suite of offerings, but we don?t have that in financial services. We have high levels of year on year growth but we are still consulting around a fairly narrow position in those areas.?

By integrating these ?discrete pockets of consulting? and the wider expertise of the firm, Unwin believes PwC can play to its strengths.

?If we just operate in point functions and skillsets, then we allow any niche consultancy to compete against us,? he says. ?We need to ask, can we provide a fuller response by combining skills in ways that others can?t?for example, putting forensic, technical and strategy skills together.?

Unwin acknowledges that achieving this means questioning older consultancy models.

?If we are running a portfolio business, then we have to acknowledge different skills will be ?hot? at different ties,? he says. ?We need to be able to balance it, so we can move the hot skills around really quickly. You can?t run a business like that on the basis that ?I have these 30 people reporting to me and I keep them busy?.?

A key part of Unwin?s strategy is the recruitment and development programme that kicked off in October with the aim of recruiting 200 graduates.

?The whole graduate piece is coming back,? he says. ?We?re going to have a proper training programme that will give them a set of core consultancy skills that will be highly relevant regardless of the area they work in.?

MamaChocolat · 01/02/2011 14:13

I think it's hilairous. Lucky I;m not cutting back on a sense of humour - that's free. Lots of you ladies should try keeping that and cutting back on toher stuff.

MamaChocolat · 01/02/2011 14:14

Loose cannon wives. I;ts like Dynasty. Whats not to love?

frgr · 01/02/2011 14:20

Good article, Xenia!

"I was tempted back by the sort of vision offered by our chairman"

He forgot "plus the half mil and the porche" Grin

Jajas · 01/02/2011 14:55

This reply has been deleted

Message withdrawn at poster's request.

CrosswordAddict · 01/02/2011 15:16

Very funny. Channel 4 could make a brilliant documentary of it or even a new strand of Come Fly with Me? Smile

frgr · 01/02/2011 15:22

CrosswordAddict I'm sitting here giggling at the thought - a Come Fly with Me style comedy show based on Urwin's posts/insight into her life would be brilliant!

MmeLindt · 01/02/2011 17:57

Cortina
I was thinking that. The kind of lifestyle that she describes needs more than 700k salary, IMO.

OntheQT · 01/02/2011 19:31

Oh I know he's a partner xenia. If he weren't he would have been out on his ear. What I meant is that if he had any aspirations to go higher (as I'm sure you know, not all partners are equal), she has most likely scuppered his chances.

And not all publicity is good publicity when you're an accountant - your clients expect you to be sober and sensible at all times. You can be amusing and interesting, but poor judgement is a bloody disaster.

Would you pay a man who was married to her £2 million to restructure your business? I wouldn't.

Xenia · 01/02/2011 19:54

I agree.

I loved this line of his:

"I was tempted back by the sort of vision offered by our chairman"

You have to be very very obvious in your buttering up of your senior sometimes particularly to men but I'm sure that just about would be understood as flattery by the chairman.

Ooopsadaisy · 01/02/2011 19:59

Love the idea of her as a Dallas-style loose canon type wife!.

"Sue Ellen, you're a drunk and an unfit mother and that's what my daddy said before he died!"

Shoulder pads, big hair, pouty lips ......

frgr · 01/02/2011 20:42

I must be more out of touch than i realise. 700k would do me just fine, it's enough to turn me into a total prick and throw a tantrum if my handmade shirts aren't returned just so Grin

i wonder how much he is/was getting paid in that case. Confused

OntheQT interesting posts by the way! i'm very curious about your position now! Wink

MmeLindt · 01/02/2011 20:56

I think I read 700K somewhere. It would do me nicely too.

You have to remember that this kind of lifestyle - designer clothes, swish house in London, almost certainly public school, holiday home in the Alps, holidays in the Maldives, designer clothes etc is very expensive.

Xenia · 01/02/2011 21:09

The details at one accountancy practice of a partner's earnings were in a divoerce case Macfarlane. He did rather well and was on I think £1m. I expect they do charts in the accountancy press. But don't forget unless they have wise tax planning 52% tax and NI on most of it.

OntheQT · 01/02/2011 21:51

Oh I'm no one exciting frgr, truly :o Just someone who knows the firm and the people :)

My ex as a mid tier (so not anywhere near as well paid as a big 4 accountancy firm) medium grade partner earned £500k basic 10 years ago. Ashley Unwin might be on a basic of £700 but he is going to be making a lot more than that if he makes his targets.

frgr · 01/02/2011 23:01

What kind of targets? You mean upping profitability and that sort of thing?

Grin I do wonder how much work guys like this Unwin actually do. If he earns five thousand times the average non-head-of-depart/etc salary in his dept, it seems crazy in terms of the value he can bring. Not five thousand times the value to the company. Unless you figure things by the bottom line - if he brings in XYZ amount of millions of profit I guess?

Just mulling this over, because his CV in 18 months seems so packed that I have suspicians that someone could even make a DENT in these roles, never mind a genuine difference:

  • Group Board member
  • Group Transformation Director
  • COO of Music Division
  • CEO of North America, UK and Ireland
  • HR Director. (EMI, 18 months, from my earlier post)
Cortina · 02/02/2011 00:23

For sure Mme Lindt. To give an example I know of someone who earns 700k plus bonus. Not a banker. SAHM wife. They have a large mortgage on a large house in the home counties (with all the expected 'toys'.) They have 4 children at exclusive private schools, they have around 4 holidays a year to very expensive and exclusive places.

They can't afford to live as well as they would like to. They have 3 expensive cars (leased). They are much less well off than their peers and much less extravagant and down to earth in attitude. They are currently feeling the pinch. It's all relative I guess...

Xenia · 02/02/2011 08:39

Yes, it's all relative and you get to used to what you have. I earn reasonable amounts but lots of people including women, this is by no means only a male thing, earn mroe. I do think though that a lot of teenage girls think childcare, call centre, hair dresser or in a different class - teacher, social worker, working for an art gallery and they just don't consider (some of them) the jobs where you can earn £200k - £2m and more and then 190 yars no the ilne they come on mumsnet whingeing about they cannot afford Waitrose only Lidl or they can't afford to leave their awful husband as they have no real earning capacity.