Deloitte LLP
Company: Deloitte LLP, Stamford, CT
Company Description: “Deloitte” is the brand under which approximately 169,000 dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu (“DTT”), a Swiss Verein.
Nomination Category: Management Awards Categories
Nomination Sub Category: Executive of the Year - Services
Nomination Title: Barry Salzberg, CEO
1. Tell the story about what this nominee achieved since January 1 2009 (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:
After several years of unprecedented growth, 2009 was a challenging period for
the Deloitte U.S. firms. But due in part to Barry Salzberg’s steady leadership,
Deloitte expects to meet its operating goals for fiscal 2010 (June 2009-May 2010).
Deloitte entered 2009 facing challenges in many of the industries it serves.
Salzberg’s insistence on rigorous scenario planning meant the organization had
prepared for a number of outcomes, from a mild downturn to a more severe global
recession. As a result, the organization was able to quickly make adjustments to
stay on track even as conditions in the U.S. economy deteriorated.
Having learned the lessons of previous recessions, Salzberg kept his leaders
focused on the organization’s long-term health, adjusting headcount but making
sure it did not fall too far or too fast and investing in growth areas like the
health care, energy and environmental sustainability.
He also took advantage of the economic conditions to make a bold acquisition of
a competitor at an advantageous cost. He led a transaction to purchase
substantially all of the assets of BearingPoint, Inc’s North American Public
Services practice, which significantly grew Deloitte’s market share in the
Federal Government sector. This transaction was even recognized by The M&A
Advisor as the Middle-Market Deal of the Year.
At the same time, he increased the value obtained from the investment he had
long championed in Deloitte University, a center designed to serve as a catalyst
for career-long learning and leadership development. The groundbreaking for the
facility occurred in late 2009, and Deloitte University is on track to open in 2011.
In such a difficult economic environment, it would have been easy to scale back
Deloitte’s commitment to the community. Instead Salzberg, an active champion of
Deloitte’s industry-leading community involvement program, unveiled a remarkable
commitment in 2009: Deloitte pledged to perform $50 million of pro bono work
over the next three years. The vast majority will be carried out in the field of
education, a personal passion for Salzberg, who has served on the board of a
leading education nonprofit, College Summit, for four years and became its Chair
in 2009.
As the leader of the largest private professional services partnership in the
world, Salzberg remains accountable to some 3,000 equity-holding partners and
1,000 directors as well as nearly 40,000 employees. Always a firm believer in
the importance of transparent communication, he ramped up his efforts during
2009, holding “Straight Talk” town hall meetings across the U.S. and in India
where he provided employees frank answers to challenging questions.
During 2009, Deloitte landed on the cover of BusinessWeek as “The Best Place to
Start a Career.” The organization was also ranked above the majority of its
competitors in Fortune’s annual “100 Best Companies to Work For” survey, and was
ranked 25th on the DiversityInc Top 50. Deloitte also received the Catalyst
award in recognition of its initiatives for the advancement of women in
business, becoming the only professional services firm to win this prestigious
award twice.
2. List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:
Education
• Deloitte 2009 Education Survey
http://www.deloitte.com/view/en_US/us/About/Leadership/barry-salzberg/568f028846215210VgnVCM100000ba42f00aRCRD.htm
Deloitte LLP CEO Barry Salzberg commissioned the 2009 Education Survey to
explore attitudes among teachers, low-income parents and low-income students
about college, student preparedness, and creating a college-going culture.
http://public.deloitte.com/media/podcasts/deloitte_insights_ep164_salzberg_q2_draft.wav
Listen to Barry Salzberg discuss education's importance to Deloitte's future in
a podcast
http://public.deloitte.com/media/podcasts/deloitte_insights_ep164_salzberg_q3_draft.wav
Barry discusses parents, teachers and students' views on education in a podcast.
http://public.deloitte.com/media/podcasts/deloitte_insights_ep164_salzberg_q4_draft.wav
Listen to Barry discuss new ways of measuring high school's effectiveness in a
podcast.
http://www.usatoday.com/news/education/2010-03-16-1Acollegeforall16_CV_N.htm
Deloitte Education survey, Barry featured in USA Today article.
http://www.nytimes.com/2009/12/22/opinion/22schramm.html?_r=2&scp=1&sq=High%20School%E2%80%99s%20Last%20Test%20&st=cse
Deloitte Education survey featured in New York Times op-ed.
Diversity and Women in the Workplace
• Making a Female-Friendly Workplace
http://www.forbes.com/forbes/2010/0426/human-capital-deloitte-antoinette-leatherberry-womens-initiative-work.html
Forbes Magazine profiles Deloitte's efforts and quotes Barry on promoting women
in the workplace.
• Deloitte's Diversity Push
http://www.businessweek.com/managing/content/oct2009/ca2009102_173180.htm
BusinessWeek profiles Deloitte’s efforts and quotes Barry on promoting diversity
in the workplace.
Volunteerism
• Fortune Magazine Postcards Guest Post: The Value of Volunteerism
http://postcards.blogs.fortune.cnn.com/2009/08/26/guest-post-the-value-of-volunteerism/
Barry discusses the power of skills-based volunteerism and some of the ways
Deloitte employees are answering President Obama’s call for national service in
this FORTUNE guest blog.
• Deloitte CEO Responds to Wall Street Journal Article on Current State of
Charitable Giving
http://online.wsj.com/article/SB10001424052748704402404574528372609340100.html
In a Wall Street Journal Letter to the Editor Barry responds to a story titled
“What’s Wrong with Charitable Giving---and How to Fix It.” According to
Salzberg, missing from the author’s nine step approach to mending the current
state of charitable giving is one crucial element: Volunteerism.
Leadership
• Washington Post column series by Barry on leadership attributes, tactics and
best practices.
http://views.washingtonpost.com/leadership/panelists/2010/01/no-ostriches-no-elephants.html
http://views.washingtonpost.com/leadership/panelists/2009/10/if-wall-street-were-an-airline.html
http://views.washingtonpost.com/leadership/panelists/2009/09/shoe-leather-strategy.html?hpid=smartliving
http://views.washingtonpost.com/leadership/panelists/2009/08/consistency-of-purpose.html
3. Provide a brief (up to 100 words) biography about the nominee:
Barry Salzberg is Chief Executive Officer of Deloitte LLP and serves in various
leadership roles within the organization including the DTT Global Board of
Directors.
Barry is a member of numerous professional associations including the New York
State Bar and the AICPA, and serves on the board of several business and
philanthropic organizations including the Center for Audit Quality, Vanderbilt
University’s Owen School of Management, and College Summit, where he serves as
Chairman.
Barry received his Accounting degree from Brooklyn College, his J.D. from
Brooklyn Law School, and his LLM in Taxation from the New York University School
of Law.
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