[mschuster91]

Of course they got too big, and especially they got too enmeshed with the auditing business.

It's time to break them all up. The "firewall" that should be there from a legal perspective is a joke in practice, and when there are only three to four companies, there is no place for fresh blood and with it fresh ideas to enter the market.

[andsoitis]

> they got too enmeshed with the auditing business.

McKinsey does not have an auditing business.

[insane_dreamer]

> too enmeshed with the auditing business

that's not the issue; consulting pays much more than auditing, which is why the Big4 would probably be fine spinning off their auditing businesses

[wombatpm]

Said spinoffs would probably start new consulting branches after some period of time

[CPLX]

The firewall is of course a fiction.

The entire point of these consultancies is to allow collusion between competitors, which is otherwise illegal.

[chasd00]

My sister worked at McKinsey some years ago. Her favorite story is the firm working on the Obama and McCain campaign at the same time! Heh just a wee bit of conflict there.

[imperialdrive]

Interesting, I never considered that thought before.

[jncfhnb]

McKinsey isn’t in the auditing business at all. And those that do play both went the other way, transitioning from auditing into consulting.

There’s a ton of competition in consulting in general.

[metadat]

This is false, the Big 4 are all in the auditing business, in addition to high-end management consulting.

[jncfhnb]

McKinsey is not a part of the Big 4. The Big 4 refers to the big four auditing firms.

[metadat]

Thanks for the correction.

[SargeDebian]

What part of the statement is false?