The Friday Interview: Dennis Nally of PwC

The Guardian 15 December 2011

Dennis Nally, global chairman of PwC, is a master of dodging tricky questions. Asked about his salary, he looks at his PR man, who quickly steps in to say it is not disclosed. We can presume it was in the millions, as PwC’s UK chairman, Ian Powell, took home £3.7m this year. “I would say I earn every dollar I make,” says Nally, a fit-looking 59-year-old. It is a bold claim in a climate where executive pay is under scrutiny. But Nally knows all about scrutiny: for three years, the European commission has been investigating the big auditing companies, culminating in recent proposals for a radical overhaul of the industry.