4 Comments

Your history is incorrect about Accenture. Andersen Consulting split from Arthur A several years before Enron. It became Accenture and a public company. Arthur A was actually competing against Accenture on some consulting mandates before it tanked.

Article is well done overall. Slicing and dicing of functions and services is confusing and will lead to numerous disputes in long run. Regulators are way behind the curve here. Worst is confusing consumers with too many options and setting stage for less savory firms to take advantage. I'm not advocating consolidation, but the lack of financial literacy in US is a big problem. Consumers are paying a price for it, witness travesty of Robinhood. Informed consumers wouldn't have chased it.

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Thanks for the correction -- appreciate the distinction, will be more careful.

I agree consumers are not likely to know what services they have and from whom. It will all just have the Apple logo on it. Think Different!

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Jun 29, 2020Liked by Lex Sokolin

Really good article thought provoking thanks

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Appreciate it. It's a wheel of time.

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