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Rumor Mill: Shake Up at Skidmore Owings & Merrill

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"Lose one Transbay Terminal competition and the whole world falls apart, huh?" Quoth the Architects Newspaper, delivering up the rumor report that arch firm Skidmore Owings & Merrill may, in fact, be climbing onto the auction block. Flashing red lights: Non-equity partners have been re-classified as "directors," while existing equity partners have declined to name a new cohort. Extra dirty dirt: The firm's holiday party was allegedly boycotted by the newly-minted "directors," obviously angered by their change in status. (Not to mention its attending financial implications, as the remaining partners are no longer required to share their buyout payments should the firm sell.) Principal Craig Hartman denies it all across the board claiming that the shift has rendered the firm "less hierarchical" and more open to new and emerging talent. Utopia now!
· You Win Som, You Lose Som [Architects Newspaper]