McKinsey & Co - The Consultants From Hell

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McKinsey & Co is likely the most respected management consulting firm in the world which is not surprising given that they basically invented the industry. College students and professionals alike regularly fight to get into this institution due to its prestige, influence, and compensation. But, while McKinsey & Co is respectable from a career standpoint, the same cannot be said about a business standpoint. You see, much of McKinsey’s money and influence was built through dark avenues that are beyond evil. For example, they were consulting with big pharmaceutical companies and discussing how they could artificially cause more opioid addictions. They even went as far as advising that their pharmaceutical clients pay pharmacies based on how many additions they caused. They also had significant ties with Enron and the 2008 financial crisis. Not to mention their strong connections to authoritarian governments like Saudi Arabia, the CCP, and Russia. This video explains the dark side of McKinsey & Co and why they’re the consultants that deserve hell.

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Timestamps:
0:00 - McKinsey & Co
2:17 - Humble Origins
5:29 - The Devolution
8:21 - Truly Evil
11:40 - Authoritarian Connections
13:44 - A Spot In Hell

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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All good accountants are held accountable.

alvinnorin
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Consultants is defined as hiring someone with no experience in your business to recommend changes. These changes must directly contradict what your current employees have been telling you for years. Then when the consultant has been paid, spend all your extra money implementing the changes your employees recommended long ago.

justinfowler
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My sister was a PA for a McKinsey partner in the 80s in Sydney Australia.During a convention one year a partner at a conference sent his private jet back to Massachusetts to collect his tennis racquet. How's that for excess?

bonghead
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Jake Tran is the embodiment of “you either die a hero or live long enough to become the villain” bro started shilling nft crypto scams right after criticizing them and it cost him his entire YouTube career. Nobody likes him anymore.

mememachine
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McKinsey's business model is to be that guy doing shady things while his client virtue signals.

davidl.e
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Truly the pinnacle of corporate psychopaths

rockmusicman
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I'm Korean. McKinney consulted LG about smart phone in 2010. Their recommendation was to focus on the feature phone market with neat design. And LG was fucked up. I rather recommend chatgpting by yourself.

kimchi_taco
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Your videos are awesome keep it up man.

schpoo_
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A long time ago, I applied to a bunch of consulting companies on a whim in school. I interviewed with McKinsey, AT Kearney, Bain, and BCG. Talking to McKinsey consultants was like living in the world of American Psycho because everybody dressed in expensive clothes and was superficially glib. I ended up joining a tech startup because I was an engineering graduate, not someone who wants to grind through a spreadsheet for 12 hours a day. One Bain consultant boasted about his stupid yacht. My father used to race yachts on a shoestring, so I wasn't impressed.

i.
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McKinsey hasn’t been the same since the Bobs left.

ronque
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Great report, good luck, surviving reporting on a company with this kind of background. I suspect that we never hear about them for a reason. I wish you the best.

Lord-Of-Light
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90% of the work nowadays is outsourced to consultants, so of course 9 scandals out of 10 are caused by consultants. That's plain and simple, nothing to get excited about.

agdevoq
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I heard of McKinsey when I was told that the government of my country had them give "advice" (take decisions) for them.

That's how you learn that you're an american colony.

OneAngrehCat
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i wish your title would be "Monetizing addiction" because this video deserves more views man.

vintotheinny
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Have you gave any thought into using chat GPT to assist you with any of the writing or is it not there yet ?

Yungbull
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I don't know where you find your content ideas, maybe you have a whole team, but i'm glad i find you because everything you make is very interesting. I'll be down in the rabbit hole about this firm. I look forward to your next video!💟

userMB
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Wonderful!! No wonder it is a private company! I wish I could invest too

contayout
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I agree they are dead wight, and so are those marketing firms. Look at how many times companies have got into hot water over marketing geniuses stupid ideas. Bottom line is they both get paid, regardless of how it makes or breaks a company they claimed they could improve.

radstorm
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There is much more crap that this company have been doing, such as with the Canadian government (another authoritarian regime) and the pharmaceutical companies.

marioques
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So basically they’re what happened to the family from Ozark after the series finale.

Mr--_--M