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June 30, 2022
More on how McKinsey has gotten away with murder.
February 8, 2021
It is remarkable the way that McKinsey goes from train wreck to train wreck yet manages to depict itself as some sort of Corporate America Zelig: ever on the scene but not doing much of anything in particular. This is despite the fact (for instance) that McKinsey was singularly responsible for the biggest value destroying deal of all time, save maybe Bayer’s purchase of Monsanto, which was the Time Warner acquisition of AOL. McKinsey pitched AOL to the Time Warner board five times and the boa...
February 5, 2021
McKinsey to pay nearly $600 million in settlements over its work with opioid companies CNN 2/4/2021 By Kristina Sgueglia and Clare Duffy, CNN Business © Eric Baradat/AFP/Getty Images This illustration image shows tablets of opioid painkiller Oxycodon delivered on medical prescription McKinsey & Company, one of the worlds largest consulting firms, will pay nearly $600 million in multiple settlements over its work consulting for drug companies that states say fueled the natio...
February 4, 2021
A global consulting firm accused of helping to fuel the opioid epidemic through aggressive marketing ideas for prescription painkillers has entered into a settlement with New Jersey and 46 other states. McKinsey & Co. will pay $573 million, of which $16 million will go to New Jersey, Attorney General Gurbir Grewal announced Thursday. As part of the deal, McKinsey does not admit any wrongdoing in its dealings with the nation’s largest opioid manufacturers, including Purdue Pharma. The firm wil...