2 ms·
>but McKinsey just paid $30 million to settle a case where they did the exact same thing to the Department of Justice. Why would they do that if this is normal
by throwaway0a5e 5y ago
>but McKinsey just paid $30 million to settle a case where they did the exact same thing to the Department of Justice. Why would they do that if this is normal and nobody cares?
Yes and?
This is normal. Nobody cares as long as you do it right. Just because the desk that deals with DOJ did it wrong doesn't mean the desk that deals with FDA did. You see these kinds of complicated, seemingly conflicting, relationships in high finance all the time. In practice it's a non-issue because of how these companies are structured and because they try to keep clients at arms length as a matter of routine business. The business relationship here is very similar to one that AWS and Azure may have with a 3rd party datacenter contractor. Sure one could pay the contractor for tips but in practice that doesn't happen except very rarely because of how everything is structured.
- burkaman 5y ago> Just because the desk that deals with DOJ did it wrong doesn't mean the desk that deals with FDA did. But...they did. They didn't disclose their conflicts, unless the FDA is lying for some inexplicable reason. Again, it's in the article, it's not that long. > You see these kinds of complicated, seemingly conflicting, relationships in high finance all the time. You sure do. > it's a non-issue because of how these companies are structured These companies are structured to make money by any means necessary. Just a few years ago McKinsey corrupted government officials and used them to get contracts with utilities and infrastructure providers. Was there a firewall between the government desk and the utilities desk?