“I feel like I got a steal,” the buyer, who calls himself Metakovan, said in an interview about the “nonfungible token,” or NFT, he bought at an online auction.
As companies and investors increasingly say they are focused on climate and sustainability, the cryptocurrency’s huge carbon footprint could become a red flag.
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What went wrong at McKinsey
Partners at McKinsey yesterday voted out their leader, Kevin Sneader, as the company deals with blowback over its role in the U.S. opioid crisis. It was the latest tough headline for the consulting firm, which may face growing threats to its status as a trusted adviser to companies and governments and as a magnet for top talent.
Mr. Sneader was denied a second three-year term as global managing partner, weeks after McKinsey agreed to pay nearly $600 million to settle investigations by 49 states into sales advice it gave drug makers about opioid sales. It was the first time since 1976 that a McKinsey leader had failed to win a follow-on term. The candidates to replace Mr. Sneader are Bob Sternfels, based in San Francisco, and Sven Smit, based in Amsterdam.