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The first major investigation into McKinsey ran a year ago. Here's the NYT's explainer about it: https://www.nytimes.com/2019/02/19/reader-center/mckinsey-hedg
by danso 7y ago
The first major investigation into McKinsey ran a year ago. Here's the NYT's explainer about it:
https://www.nytimes.com/2019/02/19/reader-center/mckinsey-hedge-fund-reporting-investigation.html https://www.nytimes.com/2019/02/19/reader-center/mckinsey-he...
> *The most basic question we set out to answer was this: Did McKinsey’s pristine reputation as the foremost purveyor of “best practices” match its record? After nearly a year of reporting, we found that the answer was often no.
Every recent ICE investigation is related to an ongoing major story:
- Chinese global economic policy: https://www.nytimes.com/2018/12/15/world/asia/mckinsey-china-russia.html https://www.nytimes.com/2018/12/15/world/asia/mckinsey-china...
- The opioid crisis: https://www.nytimes.com/2019/02/01/business/purdue-pharma-mckinsey-oxycontin-opiods.html https://www.nytimes.com/2019/02/01/business/purdue-pharma-mc...
- ICE: https://www.nytimes.com/2019/12/03/us/mckinsey-ICE-immigration.html https://www.nytimes.com/2019/12/03/us/mckinsey-ICE-immigrati...
- Rikers Island prison: https://twitter.com/i_m_m/status/1204793794975141890 https://twitter.com/i_m_m/status/1204793794975141890
The more recent spate of McKinsey articles are related to the fact that Pete Buttigieg has entered the top tier of presidential candidates, and McKinsey is his third other job on the resume.
It's not tough to believe if the investigative hypothesis is correct: that McKinsey is the goto consulting firm trusted by the world's most powerful governments and companies when it comes to decisionmaking.
- droopyEyelids 7y agoAnd even in the specific random example of Buttigieg: He was at McKinsey working for Loblaws (canadian grocery store) on pricing strategies, and afterwards Loblaws was convicted of price fixing. Of course Mayor Pete wasn't responsible, but it's still not a good look for McKinsey.
- claudeganon 7y agoSince whatever his actual work was is still covered by NDAs, we can’t actually say whether or not he had any involvement with price fixing. I don’t really think we should take him (or any other politician) at their word on this kind of stuff.