McKinsey: The Group Secretly Running Every Company (And Government?)

There’s a secret, parasitic consulting firm at the heart of nearly every industry in America.

They’re responsible for the worst corporate “best practices” — lay-offs, safety cuts, price-gouging.

We uncovered how McKinsey is waging a secret war on the working class.
-----

[yrp]

Thanks for this. I'm 60 and have been watching McKinsey destroy companies for most of my career & never get blamed for anything. They are a horrible cancer in our economy.

[FreedomJane-bxum]

Optimist: The glass is half full.
Pessimist: The glass is half empty.
McKinsey: Use a smaller glass.

[joecummings]

I got fired from a job as the head mechanic for a trucking company 30 years ago. The CEO said that I wasn't working hard enough. He said that all the previous mechanics were rebuilding engines, transmissions, drive axles, etc all the time and that I wasn't doing that. I wasn't doing all those heavy repairs because the trucks were not breaking, they were all out on the road working. Stupid me, I thought I was there to reduce breakdowns.

[QTheThird]

I work in government, and I work frequently with consultants. I can tell you that the primary reason that they are used is because if employees or even management have recommendations, neither the public nor elected officials will be willing to accept those recommendations unless they are verified by a consultant. You can be saying for 20 years that a particular change needs to occur and no one will take it seriously, but once a consultant comes in and says the same thing, it's taken as gospel truth. I think the same thing probably happens in private companies as well; shareholders (and CEO's by extension) just won't take action based off of the recommendations of their employees unless a third party comes in and makes the same recommendation. 95% of the time, the consultant will just come up with a report that pretty much says exactly what the organization wanted the report to say.

[angelsy]

I used to be a corporate consultant. My last job dealt with "dead peasant insurance" - a company putting life insurance on their officers and workforce to be paid out to the company, not to the family, as a method of raising capital in the event of death - and that was enough for me. I'm poor now, but at least I have self-respect.

[TalaAtTanagra]

I worked for a large competitor of this company. I was a data analyst. They kept trying to fit the data to their conclusions rather than the other way around. They were creepy and exploitative.

There were some good people there, but they didn't last long. Most of the people at these places are...not people I'd ever choose to be around again.

[brianh]

Deloitte is similar to McKinsey in many ways. Back in 2010 I worked for a bank and they paid Deloitte several million dollars to come in and tell them how to "improve" their business. The employees had been telling the leadership all along what needed to change, but Deloitte came in and said the same things and got a big payday for it. I anonymously had to vent about that one on the company feedback page.

[AnonymousMusing]

We need to clean up corporations. It's clear this company is working against average Americans.

[finchharper]

I was a Manager for Walmart for 10 years. On my 10th year I was told my salary had Topped Out and that I would get no more raises. I was then offered the job as a District Manager. Instead of being over one store, I would be responsible for up to 7 stores. If I took the job I would be eligible for raises again. I would take the District Manager job while on my single store manager wage. I asked them if I took the District Manager job would they bump my store manager wage to the District manager wage. Amazingly my current wage as Store Manager was the wage for District Manager. So my wage for one store would now be the wage for seven stores. I said nope and left after 2 weeks. Walmart was shocked I did not accept their forced proposal. A few months later they sent 2 home office suits to interview me and take me out to lunch. I said no need. You told me I could no longet get raises in my current posistion, so I left to be a store manager for another company that does not top out wages. Walmart still uses the wage top out policy to this day. My family member had her salary top out and worked for 7 more years for Walmart with no raises in wage, until she retired. This is a HORRIBLE policy that punishes long term employees.

[mooseBanner]

This is what people need to be talking about, we need more voices like this.

[mikef]

CEOs getting paid millions, and STILL they need to hire consulting firms to tell them what to do. You would think that for millions of dollars, a CEO could actually do the job themselves. Why are we paying CEOs so much money? For what?

[annepeiffer-mgr]

So, they help corporate leeches be as leechy as possible.

[rridderbusch]

John Oliver did a piece on McKinsey. It's worth looking up.

[davidwickersham]

The consulting interview preps I’ve observed always end with the same advice : layoffs, close US production, offshore the jobs. Pretty standard advice from consultant kids

[jeanwonnacott]

I had a phone call night before my hip replacement. They needed 5, 000.00 deposit on surgery. I said call it off, I don't have 5, 000.00!! Call it off? Lose money? Of course they said I could pay it later. I never did. They tried to charge me for a test on old hip. I said, never said a word, I would've said no, not my problem. Didn't pay that either. FIGHT YOUR BILLS!! Refuse!

[PacoGrande]

Here in Canada McKinsey was being used a lot as well for Government consulting etc. but my understanding is that they are no longer being used by many companies because of the scandals. My wife works for a Crown Corp and they were told last year that McKinsey has been banned from all future consulting.

[camhunts]

Love seeing real investigative journalism

[MarioSpeedwaggen]

Consultants are generally hired to come up with the solution that management already wants.

[matthewstreacker]

Thank you for calling out Buttigieg, people aren’t as hard on him as is needed

[yoelromero]

A guy i used to know was working in this company. He committed suicude due to work

He was a really helpful person