McKinsey & Company is the most prestigious consulting company in the world, earning billions of dollars in fees from major corporations and governments that turn to it to maximize their profits and enhance efficiency. McKinsey's vaunted statement of values asserts that its role is to make the world a better place, and its reputation for excellence and discretion attracts top talent from universities around the world. But what does it actually do? Here, two prize-winning investigative journalists have written a portrait of the company sharply at odds with its public image. Often McKinsey's advice boils down to major cost-cutting, including layoffs and maintenance reductions, to drive up short-term profits, thereby boosting a company's stock price and the wealth of the executives who hire it, at the expense of workers and safety measures. McKinsey collects millions of dollars advising government agencies that also regulate McKinsey's corporate clients. And the firm frequently advises competitors in the same industries, but denies that this presents any conflict of interest.
Record details
ISBN:0385546238
ISBN:9780385546232
Physical Description:viii, 354 pages ; 25 cm print
Edition:First edition.
Publisher:New York : Doubleday, [2022]
Content descriptions
Bibliography, etc. Note:
Includes bibliographical references and index.
Formatted Contents Note:
Introduction: When McKinsey comes to town -- Wealth without guilt: McKinsey's values -- Winners and losers: the inequality machine -- Playing both sides: helping government help McKinsey -- McKinsey at ICE: "We do execution, not policy" -- Befriending China's government -- Guarding the Gates of Hades: tobacco and vaping -- Turbocharging opioid sales -- "Turning a coal mine into a diamond" -- Toxic debt: McKinsey on Wall Street -- Allstate's secret slides: "Winning will be a zero-sum game" -- "The Enron Astros" -- "Clubbing seals": the South Africa debacle -- Serving the Saudi state -- Chumocracy: half a century at Britain's NHS.
Book
