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On the contrary, this just affirms their value-add. As a decision maker, the reason you would outsource decision-making to 23-year old PowerPoint kids is so yo
by pembrook 3y ago
On the contrary, this just affirms their value-add.
As a decision maker, the reason you would outsource decision-making to 23-year old PowerPoint kids is so you aren’t responsible for the consequences of your actions.
“Darn, that strategy ended up killing people?? Too bad evil McKinsey told me to do that! I’m just a lowly corporate officer. I wouldn’t have killed all those people if they didn’t show us those PowerPoint slides! I got duped like the rest of you!”
[goes home and counts money]
- loceng 3y agoAnd it's even easier to displace or misplace blame when you control the state-funded media in Canada - like CBC getting $1.6 billion annually, and the other popular channels getting $600 million annually distributed amongst them.
- bitcharmer 3y agoAs much as I'd love you to be wrong, you're not. There's this common saying among executives: "no one ever got fired for hiring IBM". Here IBM can be replaced by any of the big five and it'll still work.
- mguerville 3y agoIn management consulting it's big 3 (Bain, BCG, McK) but same sentiment
- marban 3y agoReminds me of "What people really want from the automated adding machine is not more accurate sums, but a box into which they may place their responsibility."
- eastbound 3y agoSo McKinsey is the first company replaced by AI. Exchanging a few billion dollars of bad advice with a ChatGPT subscription.
- cebert 3y agoThe problem with that is ChatGPT has some safety constraints. McKinsey is scum of the earth and has no morals or ethics.
- stevesycombacct 3y agoOn the contrary, McKinsey can also service as an abstraction between the customer and AI. The customer gets two layers of removal from any real responsibility for the price of one.
- tempodox 3y agoThat service is being provided by “AI” now. “It was't us, the AI made that decision!”
- salawat 3y agoTheir attribution on that? Love to know if there were shades of this realization in Babbage's time.
- croes 3y agoReminds me of https://en.m.wikipedia.org/wiki/Schie%C3%9Fbefehl https://en.m.wikipedia.org/wiki/Schie%C3%9Fbefehl
- kingspact 3y agoWe already have all the tools we need to attack and destroy any corporate officer who does such a thing. But we also have a rigged, corrupt legal system.
- phyalow 3y agoIt’s exactly the same phenomena at play like after S.A.C. was found guilty of insider trading / or trading with a black edge Point72 (the successor brand) is more popular than ever with capital allocators. Funny how the world works.