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McKinsey and Company to pay $650M for role in opioid crisis

npr.org

171–180 of 324 posts

Re: McKinsey and Company to pay $650M for role in opioid crisis

#171
post #54

Earlier quoted context omitted.

Or… ever?

The rich and powerful are pretty famous for not saving the consequences of their actions, I'm not sure what you are implying....

Health insurance and some elements of healthcare are literally farming human illness and death for cash.

Opioids are just the most obvious and egregious example of how the system is abusively hostile.

Re: McKinsey and Company to pay $650M for role in opioid crisis

#174

A 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…

The prosecution of Elling has the same vibe as that of Calley [1] after the vietnam war, and that of the small group of soldiers involved in the Mahmudiyah rape [2] during the second gulf war.

Viewed in isolation, the atrocities committed by these men deserve punishment. But in the bigger picture, the function these trials serve is for the institution in charge to be able to say "see? We do hold ourselves accountable" even though the vast majority of war crimes went uninvestigated and unpunished.

More heads, and more important heads, should roll. Not just that of one fall guy. Tens of thousands of deaths every year, and even more lives ruined. But we all know what side the US government is on, so I'm not holding my breath.

[1] https://en.m.wikipedia.org/wiki/William_Calley

[2] https://en.m.wikipedia.org/wiki/Mahmudiyah_rape_and_killings

Re: McKinsey and Company to pay $650M for role in opioid crisis

#175
post #162
post #154

Earlier quoted context omitted.

> rather live a long, happy and productive life dependent on cheap, legal opioids That’s BS. OxyContin addicts tend to experience withdrawal symptoms before the recommended 12 hours is up, they also develop tolerance, so they end up requiring larger and larger dosage with increasing frequency. You’re not going to sustainably live a long, happy and productive life even if you have a cheap, steady, relatively clean sup…

Isn't that the same for coffee, though?

Few coffee addicts become zombies like opioid addicts, with or without coffee.

Re: McKinsey and Company to pay $650M for role in opioid crisis

#176

Earlier quoted context omitted.

Why doesnt money work for Kim Dotcom?

Because of more money

Money alone won't buy your entry inside the elite circles of the people with real influence.

Joe Biden just pardoned his son from crimes that would have gotten you and me in jail already.

Similarly, your Clintons, Bushs, Blairs, Bidens, Trumps, none of them or their friends and family will ever see a day in jail no matter their crimes. That's influence money alone can't buy. Those are the 1% of the 1%. They can kill or pardon people, start and end wars without answering to anyone.

Kim Dotcom is a nobody compared or those guys.

Re: McKinsey and Company to pay $650M for role in opioid crisis

#177
post #157

Earlier quoted context omitted.

It's almost certainly almost all fees charged to clients for consulting projects. Let's assume 2,000 working hours per year, 80% utilization at $150/hr, and 40,000 employees (worldwide) — that's $9.6B.

What companies use consultants and how? In all my years, I have never seen a consultant or a need for one, so I have a tough time understanding how they make any money, much less a lot of it.

3 main use cases from my experience:

- Executives want to do cross-functional changes. (E.g., introduce new ERP software)

- External ruthless assessment of head count and subsequent slashing.

- Body leasing. (quasi-employees that are not on the books as employees)

Mostly in medium-sized and larger orgs where there’s too much cruft.

Re: McKinsey and Company to pay $650M for role in opioid crisis

#178
post #78

Earlier quoted context omitted.

> How do companies like McKinsey get away with this? Money. Any other questions?

Why doesnt money work for Kim Dotcom?

He aggrieved the rich. This opioid crisis has largely hit the poor.

It's like asking why money didn't work for Bernie Madoff but it has worked for Jake Paul and other crypto scammers. Bernie stole from the rich.

Re: McKinsey and Company to pay $650M for role in opioid crisis

#179
post #37

Earlier quoted context omitted.

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 so sorry to hear what happened to your Mom. This is a slap on the wrist to those who suffered and to those who loved them. How do companies like McKinsey get away with this?

> How do companies like McKinsey get away with this?

Because of judiciary, regulatory and congressional capture, of course. This means you it's gotten away with unless someone like Luigi martyrs themselves.

Re: McKinsey and Company to pay $650M for role in opioid crisis

#180

Earlier quoted context omitted.

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…

If you or I killed a half a million people, we wouldn't be facing 20 years in prison. We'd be lucky to not be facing a firing squad or a noose. All I ask is that the leadership of McKinsey be treated to that same standard. Let their golden parachutes be literal.

Not sure mate, Covid did 6+ million.
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