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by fakedang 2107 days ago
Except McKinsey didn't hire them after getting the contracts, but before, which clearly positions it to get many contracts. A few years back, it was clear as day that most of the govt business went to McKinsey in the Middle East, while BCG and Bain often received scraps.

Relevant article: https://www.wsj.com/articles/in-growing-saudi-business-mckin...
1 comments
jariel 2107 days ago
It's nothing. McKinsey is a huge outfit, hiring 8 analysts is nothing. In fact it will help McKinsey more than anyone else as it would help them develop closer relationships with House of Saud.

The Saudi government is not giving McKinsey huge contracts because so and so's kid got hired there - point blank.

Also remember these kids are already stinking rich they don't even need to work.

And it's also a part of the world where business is done on the basis of relationships.

When a firm is giving Ferraris as 'kickbacks' then it's corruption but not this.

link
fakedang 2107 days ago
My oh my do you have a very narrow interpretation of corruption.

Hiring less than capable individuals while excluding more capable individuals, for the sake of obtaining contracts, in a region where ministers are changed on a regular basis (hence no guarantees of the connections staying forever) is exactly what I'd call a kickback.

link