11–20 of 197 posts
Many of these employees are so-incentivized by fiscal profit that they fail to see the immorality, just seeing opportunity. Maybe if our regulators weren't in bed with so many of the major funds...
"If you think there's a solution, you're part of the problem." —George Carlin (Conan O'brien interview)
Let me propose an alternate theory: fines and enforcement have become too small, so-as to become just a cost of doing business . Many of these employees are so-incentivized by fiscal profit that they fail to see the immorality, just seeing opportunity. Maybe if our regulators weren't in bed with so many of the major funds... "If you think there's a solution, you're part of the problem." —George Carlin (Conan O'brien…
I think more than becoming to big the solutions are founded on a narrow matrix of logic or group think.
[flagged]
Of course they got too big, and especially they got too enmeshed with the auditing business. It's time to break them all up. The "firewall" that should be there from a legal perspective is a joke in practice, and when there are only three to four companies, there is no place for fresh blood and with it fresh ideas to enter the market.
McKinsey does not have an auditing business.
Of course they got too big, and especially they got too enmeshed with the auditing business. It's time to break them all up. The "firewall" that should be there from a legal perspective is a joke in practice, and when there are only three to four companies, there is no place for fresh blood and with it fresh ideas to enter the market.
that's not the issue; consulting pays much more than auditing, which is why the Big4 would probably be fine spinning off their auditing businesses
Current McKinsey here. I don’t think anyone expects the current difficulties to last indefinitely. Its fairly well established that consulting struggles during times of economic uncertainty (but does fine when things are outright bad or good).
Let me propose an alternate theory: fines and enforcement have become too small, so-as to become just a cost of doing business . Many of these employees are so-incentivized by fiscal profit that they fail to see the immorality, just seeing opportunity. Maybe if our regulators weren't in bed with so many of the major funds... "If you think there's a solution, you're part of the problem." —George Carlin (Conan O'brien…
C'mon, The Economist
During a gold rush teach people how to use their shovels.