McKinsey’s corrupted culture
blogs.reuters.com
McKinsey’s corrupted culture
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Re: McKinsey’s corrupted culture
#2[deleted]
Re: McKinsey’s corrupted culture
#3McK alum here. Article is drawing conclusions on 6,000 ppl based on allegations of actions of a few. Client confidentiality reigns supreme within the culture, though no cultural is monolithic. Stuff always slips through.
For example, consultants at McK are labeled as 'conflicted' if they have served a competitor of a client in a given industry. Therefore, no consultant at the firm can serve competing firms. And the firm's institutional knowledge which gets carried over is stuff you can read in HBR/McK Quarterly.
Can't excuse blatant securities fraud, but to paint the entire industry with such a brush is slightly sensationalist.
Re: McKinsey’s corrupted culture
#4What happens at McK is far less than what happens when competitors steal employees from each other (which happens all the time), the reason you hire employees from your competitors is not to steal insider information (although this does go on), but to steal someone who's done it before and knows what mistakes to avoid.
Re: McKinsey’s corrupted culture
#5McK alum here. Article is drawing conclusions on 6,000 ppl based on allegations of actions of a few. Client confidentiality reigns supreme within the culture, though no cultural is monolithic. Stuff always slips through. For example, consultants at McK are labeled as 'conflicted' if they have served a competitor of a client in a given industry. Therefore, no consultant at the firm can serve competing firms. And the f…
"Consultants at McK are labeled as 'conflicted' if they have served a competitor of a client in a given industry."
and in couple of years consultant runs out of industries.
Re: McKinsey’s corrupted culture
#6McK alum here. Article is drawing conclusions on 6,000 ppl based on allegations of actions of a few. Client confidentiality reigns supreme within the culture, though no cultural is monolithic. Stuff always slips through. For example, consultants at McK are labeled as 'conflicted' if they have served a competitor of a client in a given industry. Therefore, no consultant at the firm can serve competing firms. And the f…
"Consultants at McK are labeled as 'conflicted' if they have served a competitor of a client in a given industry." and in couple of years consultant runs out of industries.
Only if they've been burned so many bridges that they can't do further work for the firms they've worked with in the past.
Re: McKinsey’s corrupted culture
#7McK alum here. Article is drawing conclusions on 6,000 ppl based on allegations of actions of a few. Client confidentiality reigns supreme within the culture, though no cultural is monolithic. Stuff always slips through. For example, consultants at McK are labeled as 'conflicted' if they have served a competitor of a client in a given industry. Therefore, no consultant at the firm can serve competing firms. And the f…
"Consultants at McK are labeled as 'conflicted' if they have served a competitor of a client in a given industry." and in couple of years consultant runs out of industries.
Once McK consultants reach a certain level, they tend to work with the same clients over and over again.
Re: McKinsey’s corrupted culture
#8McK alum here. Article is drawing conclusions on 6,000 ppl based on allegations of actions of a few. Client confidentiality reigns supreme within the culture, though no cultural is monolithic. Stuff always slips through. For example, consultants at McK are labeled as 'conflicted' if they have served a competitor of a client in a given industry. Therefore, no consultant at the firm can serve competing firms. And the f…
This is HN. Anybody who works for a big corp is evil. Anybody with an MBA is evil. Anybody who is over 30 is evil. Anybody who goes to an Ivy league is evil. Anybody who does management consulting or finance is evil.
Which part of that did you miss?
Re: McKinsey’s corrupted culture
#9Earlier quoted context omitted.
"Consultants at McK are labeled as 'conflicted' if they have served a competitor of a client in a given industry." and in couple of years consultant runs out of industries.
Only if they've been burned so many bridges that they can't do further work for the firms they've worked with in the past.
I believe it is common in Law firms as well.
Re: McKinsey’s corrupted culture
#10What happens at McK is far less than what happens when competitors steal employees from each other (which happens all the time), the reason you hire employees from your competitors is not to steal insider information (although this does go on), but to steal someone who's done it before and knows what mistakes to avoid.
And to a large extent such 'stealing employees' is good for society, and thus public policy as reflected in things like competition law, employee's rights, the recent DOJ investigation/settlement with major valley employers, etc.