McKinsey: This is why we can't have nice things
It’s hard to talk about corporate gossip without talking about McKinsey. They're everywhere! They advise the biggest companies in every industry in practically every company in America (90% of the Fortune 100 companies use Mckinsey). From Las Vegas Casinos to the Vatican, McKinsey consultants, armed with their Thinkbooks and Tumi rollerbags, dispense their advice on maximizing the bottom line under a veil of secrecy.
That is until recently, when dogged reporters sifted through thousands of documents made public as part of a series of lawsuits and criminal investigations into the firm. Becca and Adam read through it all and are bringing you the juiciest stories. They find out that when it comes to systemic corporate malfeasance, McKinsey isn’t the one who lit the match, but they’re often found fanning the flames.
Pictures:
Showtime’s house of lies
McKinsey’s values statement aka Chat GPT Gobildigook
Mckinsey founded in 1926 by James McKinsey (top) but it didn’t really become the company we know today until 1933 when a man named Marvin Bower (bottom) joined the firm. He was seen as the firms “spiritual leader” and he really created a lot of the “consultingeese” we use today.
The UAW and GM bargaining teams negotiate the Treaty of Detroit, 1950 (Photo courtesy of Walter P. Reuther Library, Wayne State University)
“There is a distinct possibility that McKinsey may be the single greatest legitimizer of mass layoffs than anyone, anywhere, at any time in modern history.” - How McKinsey Destroyed the Middle Class
Arch Patton and his original compensation study titled “men, money, and motivation”
Slides from a McKinsey deck presented to Pharma companies to “turbocharge” opioid sales - Source NYT
The 5K Mckinsey Run for the cure! Source: Opioid industry documents
McKinsey's Close Relationship With Enron Raises Question of Consultancy's Liability
Links:
McKinsey Will Return $32 Million in Fees Over Disclosure Failures
How McKinsey Destroyed the Middle Class
Congress Passes Bill to Rein in Conflicts of Interest for Consultants Such as McKinsey
McKinsey's Close Relationship With Enron Raises Question of Consultancy's Liability
McKinsey’s Missteps Point to an Industry-Wide Mess
As McKinsey Sells Advice, Its Hedge Fund May Have a Stake in the Outcome
What the End of Affirmative Action Means for Business
When McKinsey Comes to Town (Book)
The Firm: The Story of McKinsey and Its Secret Influence on American Business