Like nervous bachelors worried they may never find a mate, many of the Big Eight accounting firms in the U.S. have begun stampeding to the altar. Last week Deloitte, Haskins & Sells and Touche Ross announced that they had agreed to join forces as Deloitte & Touche (total revenues: $3.9 billion). Earlier the same day Arthur Andersen and Price Waterhouse revealed that they too have begun negotiating a merger that would produce a $4.9 billion firm. The announcements followed a decision by Ernst & Whinney and Arthur Young in June to consummate their own $4.3 billion corporate marriage.
The passion to...
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