3 ms·
Because it's literally "news", in the sense that the definition of news includes something that is newly discovered, regardless of how long it's been happening?
by danso 7y ago
Because it's literally "news", in the sense that the definition of news includes something that is newly discovered, regardless of how long it's been happening?
So maybe the better question is: why was it newly discovered now? The Internet makes the details of investigations and court cases easier to disseminate and systemically track, for starters. Another factor may be that the company has recently entered an era when it has significantly expanded its influence, and/or has trended toward the kind of performance that becomes controversial and litigious:
https://twitter.com/i_m_m/status/1202641126362091523 https://twitter.com/i_m_m/status/1202641126362091523
Some excerpts from this Twitter thread:
> The first crack came in 2009 when the SEC charged a colleague I liked, Anil Kumar, with insider trading. Anil was a partner; the partners fired him immediately. The following year he pled guilty, paid a huge fine, but never seriously repented.
> The Firm went into crisis mode. In 2014, Dominic Barton became Managing Director. He set out to clean up the scandal and fix the professional culture that tolerated felonious behavior among senior partners. How has that worked out
> As he took over, a book exposed bad McKinsey advice. At Enron, a former partner was in jail. The Firm-advised Time Warner AOL merger was a disaster. The advice to GM re Japanese competition had failed. The Internet? Mobile Embarrassing.