absurdity of management consultants

[Anonymous]

Anonymous wrote:They don’t get paid for their advice, they get paid for providing the opportunity to offload the responsibility for unpopular management decisions.

^This.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The real tragedy of management consulting is the criminal brain drain of some of our best and brightest to an industry designed to squeeze ever more profit out of the planet and out of people. The flow of our top students, who have been nurtured for decades through our education system, to private equity, investment banking and the most BS of all, management consulting, is tragic. Rather than educate, heal, or develop technical solutions to urgent problems, some of our best and brightest are instead lured into these bullshit jobs that harm people and the biosphere we depend upon -for money.

Amen!

There was one year where something like 60% of senior class at Yale interviewed with McKinsey and people were rightfully horrified. Add me to that list.

That is so sad and shame on Yale for choosing so many of these students. Reinforces my belief that the hyper- competitive elite schools are damaging our country by arming sociopaths with elite pedigrees.

Yup.

I mean how can you possibly work for a company like McKinsey who at one point was consulting for the FDA while simultaneously consulting for a pharmaceutical company like Purdue Pharma. McKinsey even pumped the fact that they had an inside track with FDA and that they could help Purdue to figure out how to maximize the amount of oxycontin to dump onto the country. If 60% of students at an ivy like Yale tried to interview with companies like MBB, it just shows how shallow their moral character is, how they are money chasing zombie capitalist whores, and have zero issues making decisions that destroy the country, destiny the planet, and even kill people. In short: yea, there are a ton of sociopaths in ivy league schools, apparently.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The real tragedy of management consulting is the criminal brain drain of some of our best and brightest to an industry designed to squeeze ever more profit out of the planet and out of people. The flow of our top students, who have been nurtured for decades through our education system, to private equity, investment banking and the most BS of all, management consulting, is tragic. Rather than educate, heal, or develop technical solutions to urgent problems, some of our best and brightest are instead lured into these bullshit jobs that harm people and the biosphere we depend upon -for money.

Amen!

There was one year where something like 60% of senior class at Yale interviewed with McKinsey and people were rightfully horrified. Add me to that list.

That is so sad and shame on Yale for choosing so many of these students. Reinforces my belief that the hyper- competitive elite schools are damaging our country by arming sociopaths with elite pedigrees.

Yup.

I mean how can you possibly work for a company like McKinsey who at one point was consulting for the FDA while simultaneously consulting for a pharmaceutical company like Purdue Pharma. McKinsey even pumped the fact that they had an inside track with FDA and that they could help Purdue to figure out how to maximize the amount of oxycontin to dump onto the country. If 60% of students at an ivy like Yale tried to interview with companies like MBB, it just shows how shallow their moral character is, how they are money chasing zombie capitalist whores, and have zero issues making decisions that destroy the country, destiny the planet, and even kill people. In short: yea, there are a ton of sociopaths in ivy league schools, apparently.

You actually believe this statement? I have nothing to do with Yale but you all need to become smarter posters and not go for the hysterical post.

[Anonymous]

I'm not the pp, but I don't think he is being hysterical. According to the documented investigative journalism, Mckinsey plays both sides, often advising two competitors, or a regulator and a regulated producer.

"McKinsey has assisted opioid manufacturers, tobacco companies, fossil fuel companies, Immigration and Customs Enforcement (ICE), and authoritarian governments around the world, and in each case has covered up its footprints. Again and again, McKinsey has come to town and left people worse off."

One of many examples:
"This hospital chain had been trying to bill poor patients for as much money as possible, and sure enough, halfway through the article, it reports the plan was engineered by McKinsey who came up with this new thing called “Rev-Up”—to rev the revenue by making sure that poor people didn’t know that they were eligible for free health care."

"Bogdanich and Forsythe show that many of the worst problems we face today have had McKinsey’s hand in them. The firm often advises both the companies that create problems and the governments that are trying to solve them, “playing both sides” and making a tidy sum in the process. "

"Most companies that produce a product or a service might want to brag about what they do and post big lists of all of their prominent clients, so they can show off just how successful they have been. But, as you mentioned, in the case of McKinsey, the opposite is really true. This is not conspiratorial; it’s literally that McKinsey even won’t put its name on the slides and documents. They really do make an effort to make sure that the hand of McKinsey is kept hidden from public view.

When you do finally pierce that corporate veil, you find out why they don’t like publicity. Many of their clients are deeply embarrassing, at least to people working for normal companies or normal citizens, because there’s a lot that they’ve done that they have to account for. "

https://www.currentaffairs.org/2023/02/exposing-the-secretive-and-sinister-work-of-mckinsey-co

[Anonymous]

This John Oliver episode on McKinsey is pretty great.

https://www.hbo.com/last-week-tonight-with-john-oliver/season-10/14-october-22-2023-mc-kinsey

[Anonymous]

This is what disgusting ivy leagues produce:

https://www.nytimes.com/2021/02/03/business/mckinsey-opioids-settlement.html

https://www.nytimes.com/2022/06/29/business/mckinsey-opioid-crisis-opana.html

https://publichealth.jhu.edu/2022/new-documents-show-mckinseys-role-in-opioid-epidemic

https://www.bloomberg.com/news/articles/2021-05-06/mckinsey-targeted-by-school-districts-over-opioid-related-costs

https://oversightdemocrats.house.gov/news/press-releases/committee-releases-report-uncovering-significant-conflicts-of-interest-at

The Oversight Committee’s investigation is shining a spotlight on the unregulated and secretive world of private consulting firms like McKinsey that create conflicts of interest by working for both the federal government and regulated industries. Today’s report shows that at the same time the FDA was relying on McKinsey’s advice to ensure drug safety and protect American lives, the firm was also being paid by the very companies fueling the deadly opioid epidemic to help them avoid tougher regulation of these dangerous drugs.

“McKinsey staffed at least 22 consultants at both the FDA and opioid manufacturers on related topics, including at the same time. Behind the scenes McKinsey consultants leveraged their federal connections to secure even more private sector business and tried to influence key public health officials on behalf of clients like Purdue Pharma.

“McKinsey’s conduct is even more egregious considering its central role in driving a public health crisis that has killed half a million Americans and continues to claim tens of thousands of lives every year. The American public will soon learn even more about McKinsey’s role in the opioid epidemic thanks to the hard work of state Attorneys General and their landmark $573 million settlement.

“McKinsey must answer for its actions, and I plan to have McKinsey’s Global Managing Partner testify before my Committee on the conflicts of interest uncovered in this report. I remain committed to uncovering the full scope of McKinsey’s conflicts of interest across the federal government and advancing legislative solutions to safeguard the health and security of the American public.”

…

In 2011, at least four McKinsey consultants working on a $1.8 million FDA contract to enhance drug safety and address “the adverse impact of drugs on health in the US” were simultaneously working for Purdue—including on projects designed to persuade FDA of the safety of Purdue’s opioid products. One project involved writing “scripts” for Purdue to use in a meeting with FDA on the safety of pediatric OxyContin.

Remember, all the consultants think you’re dumb when they would sell their souls and first born children for a dollar. The ivies are adding sooooooo much value to the world and country by making them a better place, lol.

[Anonymous]

They audited a Branch at my government workplace, not my Branch but parallel. Lots of powerpoints and interviews with staff who were angry with each other. Lots of venting. In the end, one person was fired, basically a materials manager who had been in his job for a very long time. It was a stocking/mailroom type position. He was less than two years from retirement. It was a despicable outcome and I will loathe them forever for this. Talk about punching down.

[Anonymous]

We brought in management consultants for a review of our public sector business. After months of meetings to understand how we opeate and finally drafting their recommendations, they get on a call with our CFO question. Our CFO asks a straight forward question and it is clear after all the meetings they do not understand the basics of our business model. One of the nicest people in our company is flabbergasted. At the end of the meeting, he says out loud that was a huge waste of money.

[Anonymous]

Anonymous wrote:We brought in management consultants for a review of our public sector business. After months of meetings to understand how we opeate and finally drafting their recommendations, they get on a call with our CFO question. Our CFO asks a straight forward question and it is clear after all the meetings they do not understand the basics of our business model. One of the nicest people in our company is flabbergasted. At the end of the meeting, he says out loud that was a huge waste of money.

You love to see it.

[Anonymous]

Y'all seriously think that everyone working in medicine, non profit, environment, politics and college admissions is there to make a difference?

[Anonymous]

Anonymous wrote:Y'all seriously think that everyone working in medicine, non profit, environment, politics and college admissions is there to make a difference?

No, but they’re actually doing something valuable.

[Anonymous]

Anonymous wrote:Y'all seriously think that everyone working in medicine, non profit, environment, politics and college admissions is there to make a difference?

At least in medicine if you have a heart attack, a doctor who has trained for years and years can open up your arteries and save your life. So yes, more valuable.