[kennend3]

Previously you said it was a "conspiracy". Someone posted the results of a lawsuit.

Because of this, it is now irrefutable that this takes place and this is your response?

"I can only speak to my own experience..".. Well.. Have you considered your experience may be severely limited?

Perhaps in the future don't be so fast to pull the "conspiracy" card?

[throwaway202212]

Apologies, "in my opinion and limited experience" it sounds like a conspiracy theory.

I'm not legally literate enough to understand the court opinion you attached. Regardless, of course there will be cases of bad players in any large company - that goes without saying. But its tiresome always hearing the same "McKinsey is the root of all evil and secretly influences governments and companies".

The opinion that most engineers have of MBB is often based on conjecture as they typically have only ever hard arms length exposure to such consulting firms. As a software engineer myself, working at both startups and FAANG before McKinsey, I was of the exact same opinion about McKinsey and these types of companies. The truth is much more mundane and boring though.

[exclusiv]

> sounds like a conspiracy theory

That's the best strategy to prevent the masses from investigating further. You shouldn't label something like you did if you haven't done your research.

> legally literate enough to understand the court opinion you attached

I think you are literate enough to read and understand the key part I included in quotes for you, from the ruling which completely refutes your prior position, and attitude, with hard evidence. It's as clear as day!!!

> McKinsey is the root of all evil and secretly influences governments and companies

Well they've had a lot of bad looks, especially with their role with Purdue Pharma and OxyContin. Their former alumni was CEO of Enron which they consulted for 15 years. "But up until the very end, it was promoting Enron’s business model, especially its off-balance sheet accounting practice, and encouraging others to follow suit." They "recommended ICE save money on food served to the detainees or send the migrants to facilities in rural areas to cut back on expenditure" They agreed to pay $100M to South African government in a corruption scandal [1]

Last year, one of their private investment funds agreed to pay $18M to settle an SEC issue regarding insider information gleaned from the corporate consulting business. [2] They have a hedge fund which makes bets on the advice they sell.

Here's another one regarding McKinsey & their investment office (MIO) and Valeant Pharmaceuticals which buys out other drugmakers and jacks up prices. "Four top Valeant officials, including Mr. Pearson, were McKinsey veterans, and the firm was advising Valeant on drug prices and acquisitions." Later in the article, "a federal judge in Virginia last month reopened a coal-company bankruptcy case after learning that McKinsey had not disclosed, as required by law, that it was also among the company’s secured creditors, through MIO". Further down: "An investigation requested by the oversight board found that MIO had five direct and indirect investments in Puerto Rico’s debt while McKinsey advised the island". [3]

So you start to look at all these big corporate consulting firms and if you are being unbiased, you can see it's systemic. They wield a lot of power and influence. They get their alumni and friends placed in government and huge companies and then make deals and institute their strategies to make a ton of money.

> The truth is much more mundane and boring though.

Yes from your position it would be. You aren't the one placing CEOs, making kick back deals, getting involved with foreign governments and corruption, writing strategy for Encron, ICE or OxyContin, investing in company government debt on one side and advising on it the other. The system isn't designed for people like you to be included in that part of the business.

In my opinion, people fall into one of these buckets - pawn, shill, or informed. In an information age, isn't it remarkable that most STILL fall into the pawn category?

[1] https://www.trtworld.com/magazine/the-many-times-mckinsey-ha...

[2] https://www.nbcnews.com/business/corporations/investment-fun...

[3] New York Times - https://archive.ph/ZSDBH