PwC Chairman Bob Moritz ’85 Shares Insights About Global Trends and Employee Success
Bob Moritz ’85, chairman and senior partner of the U.S. accounting firm of PricewaterhouseCoopers (PwC), shared five major global trends and the four primary qualities future employees will need to succeed during his recent on-campus lecture.
Speaking to a full Campus Center auditorium and online viewers from nine states who tuned in to the live webcast on April 3, Moritz outlined what he described as five “megatrends” that will soon affect people in all career fields and in all countries:
- Shift in global economic power from the United States and Europe to developing countries
- Demographic shift as the global middle-class moves east toward Asia-Pacific and the workforce ages
- Accelerating urbanization
- Climate change and resource scarcity
- Technological breakthroughs
“These trends are happening today and are all connected,” Moritz said.
The international business leader also shared what he described are the four main characteristics employees will need to be successful in their careers. They are:
• IQ, intelligence quotient
• EQ, emotional quotient
• CQ, cultural quotient
• PQ, passion quotient
Moritz, who joined PwC immediately after graduating from Oswego with an accounting degree, shared the story of an audit of a Japanese client early in his career. Moritz highlighted the absolute importance of cultural understanding and social customs when doing international business noting how his experience help shaped his global leadership.
“This world is way too small to not understand local culture,” he said. “That’s the world you’re operating in.”
Moritz is a member of the PwC global network leadership team, which includes the senior partners from the network’s four largest territories. He served as the assurance leader of the U.S. firm from 2006 to 2009, and from 2004 to 2006, he was the managing partner of the New York office and Metro Region.
He joined the firm in 1985 and became a partner in 1995. From 1998 to 2001, he served as the metro region financial services leader. From 2001 to 2004, he led the financial services audit and business advisory practice, which includes the banking, capital markets, insurance, investment management and real estate sectors.
After his campus presentation, Moritz fielded questions from audience members that touched on organizational ethics, personal brand creation, human resource management, global market trends and Oswego campus memories. The following day, Mortiz was interviewed on WRVO and went to Syracuse to meet local economic leaders from CenterState CEO, chaired by President Stanley.
“In no way, shape or form would I have dreamed I’d be doing some of the things I’m doing,” he told the students. “Folks, you have no idea what you'll be doing 25 years from now.”
He is a member of the American Institute of Certified Public Accountants, the New York State Society of CPAs and the New Jersey State Society of CPAs. He is the chair of the Center for Audit Quality Governing Board. Other board memberships include the Atlantic Council, the Conference Board and the Partnership for New York City.
A long-time supporter of his alma mater, Moritz is a 2012 recipient of the Beta Gamma Sigma business honor society honorary member award, a member of the President’s Circle and a board member of the Oswego College Foundation.
— Margaret Spillett