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I believe this is the actual article https://www.mckinsey.com/industries/financial-services/our-insights/global-banking-annual-review-2019-the-last-pit-stop-ti

I believe this is the actual article https://www.mckinsey.com/industries/financial-services/our-insights/global-banking-annual-review-2019-the-last-pit-stop-time-for-bold-late-cycle-moves https://www.mckinsey.com/industries/financial-services/our-i... Broadly it seems to be less extreme than Bloomberg’s summary and more nuanced to particular conditions. I like how exhibit 6 is rotated to encourage reading it from either direction. Haven’t seen that before in charts.

avs733 7y ago
Well of course it's more nuanced. Bloomberg is about speed not MECE.
- ur-whale 7y ago
  exotic acronym is exotic.
- dfxm12 7y ago
  MECE Mango-eating computer engineers? No, that doesn't fit in based on the context clues...
  - stakhanov 7y ago
    Mutually Exclusive & Comprehensively Exhaustive. It's how to do bullet points according to McKinsey. They had to invent it in the 1960s because apparently by the 1960s no one at McKinsey was yet, you know, aware of the existence of centuries' worth of literature on formal logic. So they reinvented the wheel as far as that particular cultural achievement was concerened. Or the first millionth of it, to be more precise, and left it at that, because the rest of it would have no longer fit onto a single PowerPoint slide.
    - TurkishPoptart 7y ago
      God, these consulting companies are the _worst_.
      - throwaway66920 7y ago
        Alternatively, this is just some guy asserting that everyone at McKinsey thinks they invented a brand new concept, when in fact, it’s just a heuristic they teach people to communicate more effectively, because communication is hard.
        vraivroo 7y ago
        I see you are unfamiliar with McKinsey.
        throwaway66920 7y ago
        Former employee Edit: I cannot reply to the below, but I will say, that’s a pretty contrived justification for your view. Communication is hard. Few things done at a corporate scale are easy to implement. People like to point at big consulting firms and say “I could have done that” or “they could have just asked me” but that’s really just a fraction of it.
        tomrod 7y ago
        Former employee of former McKinsey employees. Grandparent point stands: McKinsey seems to offer little to no value that isn't already known and easy to communicate. I will say though that McKinsey alums I know seem to be better at playing corporate politics than the average, which can be a skill when married with technical acumen.
        op00to 7y ago
        You call it playing politics, others call it effective communication.
        tomrod 7y ago
        Effective communication is pushing people the alums dislike out of their jobs and building silos?
sailfast 7y ago
Thank you for posting the original source.
DuskStar 7y ago
Ugh, I hate it when people do things like Exhibit 4 [0] - the size and coloration of the boxes does not match the numbers for the bottom two figures (with the lower-right quadrant in both being displayed as larger than the upper-right, despite having a lower number). Lies, damned lies, statistics and misleading figures. 0: https://www.mckinsey.com/~/media/McKinsey/Industries/Financial%20Services/Our%20Insights/Global%20Banking%20Annual%20Review%202019%20The%20last%20pit%20stop%20Time%20for%20bold%20late%20cycle%20moves/SVGZ-GBAR-Ex4.ashx https://www.mckinsey.com/~/media/McKinsey/Industries/Financi...
- throwaway66920 7y ago
  I think I agree. It’s also just not a very good chart, error aside.

avs733 7y ago

Well of course it's more nuanced. Bloomberg is about speed not MECE.

ur-whale 7y ago
exotic acronym is exotic.
dfxm12 7y ago
MECE Mango-eating computer engineers? No, that doesn't fit in based on the context clues...
- stakhanov 7y ago
  Mutually Exclusive & Comprehensively Exhaustive. It's how to do bullet points according to McKinsey. They had to invent it in the 1960s because apparently by the 1960s no one at McKinsey was yet, you know, aware of the existence of centuries' worth of literature on formal logic. So they reinvented the wheel as far as that particular cultural achievement was concerened. Or the first millionth of it, to be more precise, and left it at that, because the rest of it would have no longer fit onto a single PowerPoint slide.
  - TurkishPoptart 7y ago
    God, these consulting companies are the _worst_.
    - throwaway66920 7y ago
      Alternatively, this is just some guy asserting that everyone at McKinsey thinks they invented a brand new concept, when in fact, it’s just a heuristic they teach people to communicate more effectively, because communication is hard.
      - vraivroo 7y ago
        I see you are unfamiliar with McKinsey.
        throwaway66920 7y ago
        Former employee Edit: I cannot reply to the below, but I will say, that’s a pretty contrived justification for your view. Communication is hard. Few things done at a corporate scale are easy to implement. People like to point at big consulting firms and say “I could have done that” or “they could have just asked me” but that’s really just a fraction of it.
        tomrod 7y ago
        Former employee of former McKinsey employees. Grandparent point stands: McKinsey seems to offer little to no value that isn't already known and easy to communicate. I will say though that McKinsey alums I know seem to be better at playing corporate politics than the average, which can be a skill when married with technical acumen.
        op00to 7y ago
        You call it playing politics, others call it effective communication.
        tomrod 7y ago
        Effective communication is pushing people the alums dislike out of their jobs and building silos?

sailfast 7y ago

Thank you for posting the original source.

DuskStar 7y ago

Ugh, I hate it when people do things like Exhibit 4 [0] - the size and coloration of the boxes does not match the numbers for the bottom two figures (with the lower-right quadrant in both being displayed as larger than the upper-right, despite having a lower number). Lies, damned lies, statistics and misleading figures. 0: https://www.mckinsey.com/~/media/McKinsey/Industries/Financial%20Services/Our%20Insights/Global%20Banking%20Annual%20Review%202019%20The%20last%20pit%20stop%20Time%20for%20bold%20late%20cycle%20moves/SVGZ-GBAR-Ex4.ashx https://www.mckinsey.com/~/media/McKinsey/Industries/Financi...

throwaway66920 7y ago
I think I agree. It’s also just not a very good chart, error aside.