“That should cover it”
McKinsey and Company to pay $650M for role in opioid crisis
61–70 of 324 posts
Re: McKinsey and Company to pay $650M for role in opioid crisis
#62What percentage of the revenue was this? The stock price jump alone would many multiple times this fine.
Re: McKinsey and Company to pay $650M for role in opioid crisis
#63Earlier quoted context omitted.
Opioids were known to be harmful. Purdue attacked the gatekeepers and policy makers not the science. It was mostly a story of what happens when a well funded con artist enters an environment built on trust. Suddenly pain management was viewed as very important by the medical establishment, while mostly paying lip service to all the long term consequences of said actions. After all you can’t actually know how much som…
> Opioids were known to be harmful. So, hypothetically, if a doctor prescribed me opioids I should be allowed to say I don't want to take them? Even if the manufacturers assure me it is safe, effective and they have lots of evidence of the same. Because to me that seems like a logical conclusion. I think that should be a general policy. People should be able to overrule doctors on the subject of how they are treated.
[deleted]
Re: McKinsey and Company to pay $650M for role in opioid crisis
#64A slap on the wrist. After a half million Americans have died from a crisis they helped kickstart, they should be facing criminal charges and jail time. The rich and powerful once again are allowed to buy their freedom.
I still don’t think it’s enough, but let’s be clear. They are facing criminal charges and jail time. See the DOJ press release: https://www.justice.gov/opa/pr/justice-department-announces-...
> Today’s resolution marks the first time a management consulting firm has been held criminally responsible for advice resulting in the commission of a crime by a client and reflects the Justice Department’s ongoing efforts to hold actors accountable for their roles in the opioid crisis. The resolution is also the largest civil recovery for such conduct.
> Additionally, a former McKinsey senior partner who worked on Purdue matters has been charged with obstruction of justice in federal court in Abingdon, Virginia. Martin E. Elling, 60, a U.S. citizen currently residing in Bangkok, Thailand, has been charged with one count of knowingly destroying records, documents and tangible objects with the intent to impede, obstruct and influence the investigation and proper administration of a matter within the jurisdiction of the Justice Department. Elling has agreed to plead guilty and is expected to appear in federal court in Abingdon to enter his plea and for sentencing at later dates.
…
> Elling faces a maximum penalty of 20 years in prison, three years of supervised release and a fine up to $250,000 for the obstruction of justice charge
Re: McKinsey and Company to pay $650M for role in opioid crisis
#65A slap on the wrist. After a half million Americans have died from a crisis they helped kickstart, they should be facing criminal charges and jail time. The rich and powerful once again are allowed to buy their freedom.
My mom got hooked in 99 after she slipped on ice at her house in Bluefield, WV. Became a full blown addict after getting prescribed for the subsequent back injury. She lost everything, disappeared, became a homeless addict drifting from DC to Baltimore to NYC and back, until she died of an overdose of heroin in a parking lot of a 7-11 in DC in December 2015. Her story and the impact on me and my 4 siblings is a drop…
I am sorry to hear this. I would have gone full Luigi on someone if this happened to me
Re: McKinsey and Company to pay $650M for role in opioid crisis
#66McKinsey is responsible for a lot of crimes, seemingly. Ultimately they just don't seem like a trustworthy company and I think they've avoided accountability by maintaining political connections (and donations). Another example of their untrustworthy practices - I recall accusations from a few years ago where they assured the US government that they were not doing work for the CCP, but then it turned out that they we…
Even amongst management consulting firms McKinsey is known as the unethical one. I know someone who worked for Bain and when I gave him shit for it his answer was always "hey, at least I don't work at McKinsey"
Re: McKinsey and Company to pay $650M for role in opioid crisis
#67Earlier quoted context omitted.
Nothing hypothetical about that, it’s generally how US healthcare works barring people being declared mentally incompetent, court ordered treatment, etc. To address the seeming contradiction. Vaccination was never imposed by the healthcare system on patients during COVID, it was required by cruse ships, schools, and yes hospitals for staff etc.
Those organizations were doing so by government mandate — at the direction of government healthcare agencies. They didn’t invent those policies on their own. That’s “imposing” and it speaks to the lack of ethics in the healthcare system they joined in coercing medical treatments rather than refusing to perform treatments people were only accepting under duress.
The alternative of continuing isolation was available though impractical for many.
The ethics around vaccination is it saved well over 1 million US lives without direct force, that’s a clear win by any reasonable ethical system. Being unable to be an unvaccinated healthcare worker is little different than requiring people wash hands, or preventing them from walking around shooting patients.
PS: Actual estimates for lives saved is around 3 million with a fair bit of uncertainty and some wiggle room in terms of definitions. Over 1 million is basically incontrovertible, but in a wider context you need to look at the spike in cancer deaths due to an overworked healthcare system and extrapolate not just consider the individuals who get infected.
Re: McKinsey and Company to pay $650M for role in opioid crisis
#68Earlier quoted context omitted.
If you're talking about legal matters then words are important. No one was ever forced to take a vaccine. Nor were they coerced by the state.
meaning like losing a job unless you get a jab, considering that a significant force?
No.
Making hard choices inherently implies options. Vaccines saved well over a million people’s lives at negligible heath impact for the wider population, that’s simply what states are going to do in an epidemic.
Re: McKinsey and Company to pay $650M for role in opioid crisis
#69McKinsey is responsible for a lot of crimes, seemingly. Ultimately they just don't seem like a trustworthy company and I think they've avoided accountability by maintaining political connections (and donations). Another example of their untrustworthy practices - I recall accusations from a few years ago where they assured the US government that they were not doing work for the CCP, but then it turned out that they we…
Even amongst management consulting firms McKinsey is known as the unethical one. I know someone who worked for Bain and when I gave him shit for it his answer was always "hey, at least I don't work at McKinsey"
They all do basically the same thing.
Re: McKinsey and Company to pay $650M for role in opioid crisis
#70A slap on the wrist. After a half million Americans have died from a crisis they helped kickstart, they should be facing criminal charges and jail time. The rich and powerful once again are allowed to buy their freedom.
I still don’t think it’s enough, but let’s be clear. They are facing criminal charges and jail time. See the DOJ press release: https://www.justice.gov/opa/pr/justice-department-announces-... > Today’s resolution marks the first time a management consulting firm has been held criminally responsible for advice resulting in the commission of a crime by a client and reflects the Justice Department’s ongoing efforts to h…
They aren't facing prison for this, they are facing prison for trying to cover this up. That's a subtle but important difference.