McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
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Re: McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
#2FTA: “If you’re complicit in causing a major social problem, it has become very fashionable to also be engaged in solving that problem. And, in fact, in trying to lead the solution chase.“
This is interesting, I wonder if teams within McKinsey working on different sides of the issue were aware of each other.
Re: McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
#3FTA: “If you’re complicit in causing a major social problem, it has become very fashionable to also be engaged in solving that problem. And, in fact, in trying to lead the solution chase.“ This is interesting, I wonder if teams within McKinsey working on different sides of the issue were aware of each other.
I've often heard people make this complaint about public services existing to perpetuate the problem they're supposed to solve, but the same problem is much easier to do when you're an amoral consultancy in the private sector.
Re: McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
#4Is it really just McKinsey, or are these articles focused on McKinsey because they are the most schadenfreude-inducing among big management consulting firms (akin to the media outrage directed at Facebook)?
e.g. are BCG, Bain, the consulting arms of the Big 4 any more ethical in what they will or won't do for a paying client? The story would be more interesting if everyone outside of McKinsey refused to do consulting work for Purdue, but that is something we'll probably never know.
Re: McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
#5To me, McKinsey is so many layers away from the actual problem that I find it difficult to single them out.
The main responsibility lies with the doctor prescribing the medicine. Then with the company that pushed and produced them, then with McKinsey that consulted them and finally with the Uber drivers that brought the sales people and the patients to the doctors.
Re: McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
#6FTA: “If you’re complicit in causing a major social problem, it has become very fashionable to also be engaged in solving that problem. And, in fact, in trying to lead the solution chase.“ This is interesting, I wonder if teams within McKinsey working on different sides of the issue were aware of each other.
Having worked for McKinsey myself, I can assure you they are/were not. Client confidentiality is holy and you normally do not talk to your colleagues about the work you do.
McKinsey oftentimes serves clients on both sides of an M&A deal for example and has strict procedures in place to keep teams separate.
Re: McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
#7FTA: “If you’re complicit in causing a major social problem, it has become very fashionable to also be engaged in solving that problem. And, in fact, in trying to lead the solution chase.“ This is interesting, I wonder if teams within McKinsey working on different sides of the issue were aware of each other.
I've often heard people make this complaint about public services existing to perpetuate the problem they're supposed to solve, but the same problem is much easier to do when you're an amoral consultancy in the private sector.
https://my.mixtape.moe/pvaozn.jpeg
My favorite of all of these.
For an executive, spending money on a brand-name consultant certainly can have value in that he's able to hand off responsibility for failing to solve a problem to an entity whose brand is more or less impervious to failure. It's a win for everyone but the company putting up the money.
Re: McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
#8I guess McKinsey erred in accepting the work from Purdue, but it seems like the consulting provided was obvious and likely overpriced. More at fault, in my estimation, is the AMA and other physician standards bodies. Propublica released a search tool [0] last year based on Open Payments Data [1] and the numbers are ridiculous. My small state shows 10s of physicians receiving over $100k over the recorded 2013-2016 period and a very long tail. Many on the list are orthopedic surgeons and psychiatrists.
Re: McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
#9I guess McKinsey erred in accepting the work from Purdue, but it seems like the consulting provided was obvious and likely overpriced. More at fault, in my estimation, is the AMA and other physician standards bodies. Propublica released a search tool [0] last year based on Open Payments Data [1] and the numbers are ridiculous. My small state shows 10s of physicians receiving over $100k over the recorded 2013-2016 per…
Know that Gell-Mann amnesia effect that comes up all over Hn?
As a physician, former health insurance exec, and guy with a graduate degree in health policy: propublica deserves deep skepticism.
Re: McKinsey Advised Purdue Pharma How to ‘Turbocharge’ Opioid Sales, Lawsuit Says
#10I guess McKinsey erred in accepting the work from Purdue, but it seems like the consulting provided was obvious and likely overpriced. More at fault, in my estimation, is the AMA and other physician standards bodies. Propublica released a search tool [0] last year based on Open Payments Data [1] and the numbers are ridiculous. My small state shows 10s of physicians receiving over $100k over the recorded 2013-2016 per…
Know that Gell-Mann amnesia effect that comes up all over Hn? As a physician, former health insurance exec, and guy with a graduate degree in health policy: propublica deserves deep skepticism.
This is worth drilling down on. What types of errors should one expect and what are their causes?