3 ms·
I’m listening to “The Big Con” by Mariana Mazzucato and Rosie Collington. This book discusses the state of CONsultancies (EY, KPMG, McKinsey, PWC, Atos, and so
by louwrentius 3y ago
I’m listening to “The Big Con” by Mariana Mazzucato and Rosie Collington.
This book discusses the state of CONsultancies (EY, KPMG, McKinsey, PWC, Atos, and so on.
Such a worthwhile read. Whatever you expect, it’s worse.
- alephnerd 3y agoKPMG is primarily an accounting and auditing firm. Same with PWC and EY. While these companies have recently acquired management consultancies, they tend to firewall them due to accounting firms lack of prestige.
- thundergolfer 3y agoEY is banned in Germany from offering accounting services after this scandal: https://www.economist.com/business/2023/04/05/ey-gets-banned-from-new-audit-business-in-germany https://www.economist.com/business/2023/04/05/ey-gets-banned.... The others have similar but I think less severe scandals in other countries.
- louwrentius 3y agoListen to the book as this topic is discussed at great length.
- stijnveken 3y agoI'm currently reading through "When McKinsey Comes to Town" in the same vein. I recommend it!
- louwrentius 3y agoThanks for the tip
- javajosh 3y agoThey are moral-hazard-for-hire firms. Without their reputation they cannot function. Since govt uses them as much as biz govt has a disincentive to tarnish reputation.
- thundergolfer 3y agoI found Mazzucato's Entrepreneurial State argument highly valuable in this day and age. I'll definitely check out this pod. Big4 consultancies are decently desirable graduate hirers in my country, despite paying low, demanding long hours, and providing low value training. That's not to mention the malpractice scandals. The fact that a graduate consultant gig is more respected than teaching roles and government positions shows the rot that's set in over the past 40 years.