3 ms·
Not really. This likely will not effect partner comp. It will effect the firm, but partners will spin it as the guilty parties are gone and the leaders need to
by jcomis 6y ago
Not really. This likely will not effect partner comp. It will effect the firm, but partners will spin it as the guilty parties are gone and the leaders need to be retained (through comp!) to right the organization. The low levels will absorb it through lower comp. I've worked in consulting for years and no matter what happens, EVER, partner comp is NEVER effected. They will hem and haw about it, discuss it, maybe make it seem like they are reducing their comp (really just pushing bonuses to more opportune time), but they always get made whole.
- a3n 6y agoNit: "Effect" is an Entity, a noun. They both start with "E." "Affect" is an Action, a verb. They both start with "A." Effect is sometimes used as a verb, especially in bureaucratese, but not in the way you're using it. With apologies.
- toby 6y agoSince you went there... "Affect" can also be a noun, referring to behavioral characteristics :)
- jcomis 6y agoha, thank you.
- Judgmentality 6y agohttps://xkcd.com/326/ https://xkcd.com/326/
- StormyWeather 6y agoThat's not how things work at McKinsey (current employee speaking). It's a partnership and partners take the hit when there is one to take. As a recent example (2020), in response to the difficulties stemming from the COVID 19 crisis partners compensation was massively reduced, but no one else's comp at the firm was affected. As for the consequences of the current opioid-related debacle, it has been communicated to the firm members today that any economical consequence would be borne out of Partner's comp, as is usual.