Anyone who's worked with Accenture or similar companies more than once knows the business model:
- Partner and "A-Team" expert consultants sell a dream to the executive who called them in.
- Project begins, A-Team replaced with C-Team of fresh college graduates and maybe one or two "adults" running things
- C-Team is only the PowerPoint presenters -- if any "work" is done it's done by low-cost "delivery centers" in India or the Philippines or similar
- C-Team bills and bills for months on end, flying everyone in from all over the place and charging it all to the company
- Project either succeeds and the executive gets an ironclad "CYA PowerPoint" absolving him of any blame, or it fails miserably and a new project is put in place...
An announcement like this pushes the right buttons, because Accenture is probably one of the biggest employers of business degree new graduates. I've worked with people who were employed with them, and the orientation is basically an indoctrination -- the entire career path is laid out exactly like a continuation of school. It's apparently like mini-MBA bootcamp -- you learn how to dress, how to talk, which buzzwords to use, etc. to ensure you don't embarrass the firm too much. 23-year old college grads go from eating ramen to flying to client locations 40 weeks out of the year and billing thousands on hotels and meals to the clients. I don't want to perpetuate their business models, but it would be funny if something like this reduced the number of students complaining about paying student loans. Don't get me wrong - it's good to employ new graduates, but I'd prefer they were doing something useful.
I have a relative who's an "experienced hire" with them, and he confirms the business model...they are paid ungodly sums to either give CYA to executives or make whole departments of companies roll up into a monthly check they cut.