The Scoop...

After one year?

In May 2000, the magical marriage of Cap Gemini, the French consulting giant, and Ernst & Young's consulting unit was consummated, making the new Cap Gemini Ernst & Young one of the world's largest management and IT consulting firms. Cap Gemini has benefited from this deal by doubling its revenue, increasing worldwide employment and strengthening its North American consulting group, Gemini Consulting. For its part, Ernst & Young has avoided the SEC scrutiny of conflicts of interest between its accounting and consulting businesses while watching its Big Five counterparts struggle with the same problems in a less favorable economic environment.

The post-merger shareholders' meeting resulted in a reversion to a board of directors and executive committee structure. Under the proposal of Serge Kampf, the new chairman of the board, four group managing directors were chosen. These four and the four group vice presidents constitute the executive committee. IT and management consulting services in the U.S. now boast 13,000 employees at 40 locations nationwide, while globally, the company has a headcount of more than 60,000 people and a significant presence in more than 31 countries.