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When McKinsey comes to town : the hidden influence of the world's most powerful consulting firm / Walt Bogdanich

By: Bogdanich, WaltContributor(s): Forsythe, MichaelMaterial type: TextTextPublisher: New York : Doubleday , 2022Description: viii, 354 pages ; 25 cmISBN: 9781847926258Subject(s): Industrial management | ManagementDDC classification: 001.068
Contents:
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
Summary: McKinsey & Company is the most prestigious consulting company in the world, earning billions of dollars in fees from major corporations and governments who turn to it to maximize their profits and enhance efficiency. Bogdanich and Forsythe shows that 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 its executives who hire it, at the expense of workers and safety measures. Shielded by NDAs, McKinsey has escaped public scrutiny, but the authors have penetrated the veil of secrecy by following rule #1 of investigative reporting: Follow the money.
List(s) this item appears in: New Arrivals - May 1st to 31th 2023
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Books Institute of Public Enterprise, Library
S Campus 		001.068 BOG (Browse shelf) Available 47252

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

McKinsey & Company is the most prestigious consulting company in the world, earning billions of dollars in fees from major corporations and governments who turn to it to maximize their profits and enhance efficiency. Bogdanich and Forsythe shows that 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 its executives who hire it, at the expense of workers and safety measures. Shielded by NDAs, McKinsey has escaped public scrutiny, but the authors have penetrated the veil of secrecy by following rule #1 of investigative reporting: Follow the money.

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