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<\/a>Every year, thousands of the world\u2019s most promising university graduates endure the rigorous application process in hopes of landing a job with McKinsey & Co., a global management and consulting company.<\/p>\nA job with McKinsey, even if it lasts only a short time, and many new hires are not retained long term, is a ticket to the fast track in the professional world. The company pays well and offers the opportunity to work with some of the world\u2019s most powerful companies and governments. And, it is a company whose reputation for doing the right thing and for having principles and standards draws the most idealistic of graduates from prestigious places like Harvard Law and the University of Pennsylvania\u2019s Wharton School of Business.<\/p>\n
\u00a0It will be interesting to see how long that reputation for high standards and ethical conduct lasts after enough people read When McKinsey Comes To Town,<\/em> the expertly researched new book by Walt Bogdanich and Michael Forsythe. The authors, investigative reporters for The New York Times, nail the company as a ruthless, heartless, cold-blooded revenue producer. Forget McKinsey\u2019s so-called high ethical standards, the authors say, because this company will work for just about anybody and offer expertise on just about anything, no matter how vile, if the price is right.<\/p>\n This is one of those books \u2013 David Zucchino\u2019s Wilmington\u2019s Lie<\/em> is another \u2013 that is painful to read. There is nothing redeeming about McKinsey as it is laid out in this book. To the contrary, everything about the company and the work it does leaves the reader asking how such gifted people can be so destructive of others and the world around them?<\/p>\n \u00a0 Name a scandal or a major problem faced by the world today, and McKinsey is on the wrong side.<\/p>\n \u00a0McKinsey was a key adviser to Purdue Pharma as it pushed OxyContin and exploded the opioid crisis. Here\u2019s how to sell more of the drug, McKinsey advised, and how to turn even more people into addicts.<\/p>\n \u00a0Addiction was something McKinsey knew something about from a long tenure as the tobacco industry\u2019s leading marketing consultants. And when tobacco companies became too unpopular, only recently, to work with, McKinsey still had the vaping industry and ideas on how to increase nicotine addiction.<\/p>\n \u00a0Been in a car accident and felt that your auto insurer tried to screw you? In the 1990s, McKinsey taught Allstate how to do just that. Then other companies followed their lead. And remember the sub-prime mortgage crisis and the collapse of the financial system? McKinsey developed the financial strategy that led to the bundling and resale of mortgages, many of which were sub-prime.<\/p>\n The authors report on McKinsey\u2019s involvement in two major scandals in South Africa, in consultations with the repressive government of Saudi Arabia that led to the crushing of dissent, and with government-owned businesses in China, some of which present a clear danger to American security. Great Britain\u2019s health care system was the most efficient and effective in the world until Conservative Party officials called in McKinsey to help cut costs. It\u2019s no long efficient or effective, and the Brits didn\u2019t save much money.<\/p>\n McKinsey\u2019s claims to support a cleaner environment and efforts to curb global warming are so much hot air. The company may purchase carbon assets for its air travel, but it also works with coal producers to increase their sales.<\/p>\n \u00a0McKinsey is even on the wrong side of baseball, having been a consultant to the Houston Astros in the years when they were perfecting the cheating schemes that led to their World Series championship in 2018. The team\u2019s chief cheater is a McKinsey alum.<\/p>\n When McKinsey comes to town, layoffs follow. The company preaches cost-cutting through layoffs, mostly as a way to accelerate compensation growth for top management. The company doesn\u2019t like maintenance, either, and that has led to terrible accidents at such sites as Disneyland.<\/p>\n Another charming characteristic: McKinsey plays for both sides. They will work for competing companies, advising Company X on how to outperform Company Y while advising Y on how to beat X. And, they will work for the tobacco companies, advising how to increase profits and sales, while working for government agencies on strategies to reduce smoking.<\/p>\n \u00a0Maybe the saddest aspect of this book lies in the McKinsey workforce. The company draws from the best and brightest of our young people. They are recruiting the top graduates from the top academic institutions, promising these people not only generous compensation but the opportunity to do good in the world. They keep one promise but not the other.<\/p>\n \u00a0I\u2019m glad I read the book, but it certainly did not raise my view of the human race.<\/p>\n \n","protected":false},"excerpt":{"rendered":" Paul O\u2019Connor takes a look at a sobering, thought-provoking book about a highly \u00a0influential global management and consulting company. Reviewed by Paul T. O\u2019Connor WHEN MCKINSEY COMES TO TOWN: THE HIDDEN INFLUENCE OF THE WORLD\u2019S MOST POWERFUL CONSULTING FIRM. By Walt Bogdanich and Michael Forsythe. Doubleday. 386 pages. $29.75. Also available as an audiobook from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[656,10,1082],"tags":[1287,660,1286,1285],"class_list":["post-2976","post","type-post","status-publish","format-standard","hentry","category-business","category-contemporary-nonfiction","category-current-events","tag-business-ethics","tag-business-nonfiction","tag-global-business","tag-mckinsey-co"],"_links":{"self":[{"href":"https:\/\/lindabrinson.com\/index.php?rest_route=\/wp\/v2\/posts\/2976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lindabrinson.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lindabrinson.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lindabrinson.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lindabrinson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2976"}],"version-history":[{"count":1,"href":"https:\/\/lindabrinson.com\/index.php?rest_route=\/wp\/v2\/posts\/2976\/revisions"}],"predecessor-version":[{"id":2978,"href":"https:\/\/lindabrinson.com\/index.php?rest_route=\/wp\/v2\/posts\/2976\/revisions\/2978"}],"wp:attachment":[{"href":"https:\/\/lindabrinson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lindabrinson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lindabrinson.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}