| Sundar Pichai is also McKinsey alum, so in a way McKinsey has Google now. People are also starting to take note of some of the bad things McKinsey have been involved in like their role in Enron (CEO was McKinsey and it was their 'sandbox'), role in U.S. Immigration and Customs Enforcement (ICE), role in Saudi clampdown on dissidents, support of authoritarian regimes and the Great Recession 2008 financial crisis and many, many more scandals or questionable actions. [1][2] > McKinsey is said to have played a significant role in the 2008 financial crisis by promoting the securitization of mortgage assets and encouraged the banks to fund their balance sheets with debt, driving up risk, which 'poisoned the global financial system and precipitated the 2008 credit meltdown'... Overall, like the other management consulting firms, McKinsey and the like can be used to justify some anti-competitive/anti-consumer/anti-employee but pro-board/executive or authoritarian policies and introduce plausible deniability for the directors that employ McKinsey. Some have said McKinsey is a "culture of corruption". [1] > McKinsey's fingerprints can be found at the scene of some of the most spectacular corporate and financial debacles of recent decades. — Ben Chu, The Independent (2014) > Defenders of McKinsey claim that the firm merely advises, and is not a decision-maker. Plausible deniability on both the company and consulting firm, they deny liability for all parties involved in a McKinsey action. > Nevertheless, since the end of the 20th century, McKinsey has been either directly involved in, or closely associated with, a number of notable scandals. Reuters describes these incidents as indicating "not bad apples, [but] a culture of corruption". [1] https://en.wikipedia.org/wiki/McKinsey_%26_Company#Role_in_c... [2] https://en.wikipedia.org/wiki/McKinsey_%26_Company#2008_fina... |