EY and PwC Partners are creating a new rival to their old churches - one that is “AI-led rather than based on legacy infrastructure”. It’s kinda disruptive, but not zero-sum.

Several companies make super talented people compete for single spots at the top. A bunch of the former Big Four crew finding their groove back on this venture were passed over on being Head Priest. It’s not that they’re not good. And that’s the point.

The very rich part of legacy companies is that their business models work. But as technologies extend capabilities, they face the existential threat of being sandboxes.

What does this mean? The density of talent (that they pass over) has this chance to create valuable companies that look similar on the outside, but vastly different inside.

Risk averse careerists possess the institutional advantages of incumbents. If they deploy intelligence technologies, then they get to redesign legacy businesses while managing risks in ways only they who know the weeds can.

They take the worst of yore - like bloat and politics - and work them into irrelevance. And embrace the best - like distribution or low capital costs - and replicate them super effeciently ( and fast, sans bureacracy ).