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They've developed a perpetual consulting loop. Genius.
Fuck McKinsey.
I don't know who this person is but something tells me he is the son of a wealthy family who has connections to all of those brands.
How far off am i?
That job does not sound like a real job, it sounds like a job title that is a thinly veiled excuse to arrange perpetual exclusive socialism for the rich.
Thank you for reading my analysis, the bill, regardless wether i am correct is about 69.420mil
Mckinsey is a company with over 45,000 employees.
So many morons getting paid way to much money to make stupid decisions.
It's management 101.
You aint wrong, McKinsey is the ultimate job farm for mid grade nepo babies and/or elite school graduates.
For example, Ursula von der Leyen hired McKinsey for German Army re-org...
then both of her children got plush jobs at the firm, her daughters 3 years there then leveraged into elite degree a Stanford
https://fsi.stanford.edu/people/johanna-von-der-leyen
Johanna joins the Ford Dorsey Master’s in International Policy from McKinsey’s Sustainability Practice. During her 3.5 years at the management consultancy, she advised private sector clients from various industries on sustainability strategies and developed reports on climate risk with the McKinsey Global Institute. During her parental leave from McKinsey, she received a Master of Philosophy in Environmental Policy from the University of Cambridge (UK). She also holds a bachelor’s degree in Politics and Economics from the University of Münster. At Stanford, Johanna hopes to deepen her knowledge in integrating environmental policies into the dynamics of international policymaking. Her academic interests also include nature- and climate-related risk assessment and adaptation, and particularly the role of nature-based solutions. Johanna is an outdoor enthusiast, a passionate dressage rider who participated in competitions on the highest national level in Germany, and she enjoys running and gardening in her spare time.
There is a club, and most people see it before their eyes and still somehow manage to not see it for it is.
Just work harder!
Wait, she went on parental leave from her job, as in having a newborn baby, and used that time to get a master’s degree? Either the baby didn’t spend much time with mom or the degree is a joke, because I have a really hard time imagining having the energy to work on a serious master’s degree in a year or less while taking care of an infant!
Prolly has a nanny tbh
There is a club
On the other hand, they're grifting Zaslav, who is possibly the worst person in show business, so...maybe let them cook.
C'mon now...
If they can't charge all that money to be wrong. How can they pay the US government the $722,000,000.00 they owe?
The Justice Department said McKinsey Africa had received credit for cooperating with its investigation and conducting anti-corruption training for employees. The $122,850,000 McKinsey has agreed to fork up includes a penalty it will pay in South Africa.
McKinsey is also in talks with the Justice Department to pay more than $600 million to resolve a separate investigation into the consulting firm's work helping opioid manufacturers boost sales that allegedly contributed to a deadly addiction epidemic, people familiar with the matter have told Reuters.
You think Purdue Pharma could have made all those ~~drug addicts~~ customers without McKinsey pushing pills for them?
Won't some think of the Billionaires stock portfolios!
I thought CEOs commanded wildly exorbitant salaries because they were super smart and made all the decisions. Why would a consulting firm exist?
Do this, do that, now go back the way you started. That'll be $155 million. Be sure to smash that Like button and don't forget to Subscribe!
Why are consulting companies so successful? Is it all connections? Their role in appeasing investors by external intervention and change (no matter how useful)?
It is all connections and a box checking for the board and/or CEO.
The CEO can deflect bad outcomes on the consulting company for suggesting doing what the CEO had in mind to do, but didn't have the board's approval.
Corporate consulting is such a giant fucking grift and they are responsible for the enshitification of so much.
Why are there no employees to help you on the sales floor or at the register? The CEO wanted to hit a performance metric to maximize their bonus and brought in a consulting company to advise. The consulting company looked for low-hanging fruit, which is cutting costs in the form of payroll. The CEO dips when there is no meat left on the bone. The next CEO hires a consulting company to maximize the bonus and then you get fake sales to mask a following price increase. CEO dips and the next CEO's consultants gives the consumer a rewards program to harvest data to sell and drive sales through psychological manipulation(See Kohl's cash).
Corporate consultants are horrible people with business degrees looking to harvest marrow from a stripped corpse.
Consulting companies are just esoteric quacks but for businesses.
It's not the conclusions that are important. It's how snazzy the PowerPoint presentation is. If you pay them more, there will even be bar charts.
Business consultations always look like such huge grifts. Here is the reason why they are so expensive though: many times startups and companies that take consultation fail and declare bankruptcy and don't pay the consultancy fees they were supposed to pay. So they charge others extra to (over) compensate. I wonder how they justify their existence, probably by coming up with some made up statistics about how they make many companies more successful. I am pretty sure they are also behind AI enshittification by suggesting companies to jump on the band wagon.
They’re expensive because they’re cover for the executives to make a move. The executives can shield liability and justify any change by saying they did it in consultation with a big firm. It’s virtually impossible to pierce that with a lawsuit.
Results are good:
Results are bad:
absolutewin.jpg
Worked at a company that would give money to McKinsey frequently for decisions. When the decisions went well, they would pay themselves on the back for their insight and leadership. When they went wrong, well they just got bad into from the consultancy.. not their fault
So, this bastard and Zaslav are the reason I can't watch older seasons of Expeditions Unknown on HBOMax. Fuck 'em both.
I think it was Last Week Tonight that covered Mckinsey's consultation history and, shocker, they almost always recommend increases to executive compensation.
A critical part of being a consultant is personally knowing rich people who will pay you millions of dollars for your advice, regardless of what it is. "Giving good advice" is barely relevant.