Earlier quoted context omitted.
If only you did your own research on how John Oliver does his research.
Source: trust me bro?
Please, do your own research. That's the whole point.
Have McKinsey and its consulting rivals got too big?
151–160 of 197 posts
Re: Have McKinsey and its consulting rivals got too big?
#152Of 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.
The firewall is of course a fiction. The entire point of these consultancies is to allow collusion between competitors, which is otherwise illegal.
My sister worked at McKinsey some years ago. Her favorite story is the firm working on the Obama and McCain campaign at the same time! Heh just a wee bit of conflict there.
Re: Have McKinsey and its consulting rivals got too big?
#153With labor becoming fungible in the eyes of c-suites, the holders of institutional knowledge are the libraries of the consulting firms. Consulting firms also have tech talent that traditional businesses had no access to in the past, so any large scale data driven related project is done with consultants. However: 1. The costs are insane and probably we reached the point where the benefits do not justify the prices th…
Traditional mfg companies don’t understand tech. They don’t like that tech employees demand higher wages and benefits and hire bottom tier talent or try to convert existing non tech employees into programmers.
So have not dealt with McKinsey specifically, but other MBA/Consultant types I feel like they treat software engineering like we are ditch diggers -- they just request things and expect it to magically happen.
So most of the requests are insipid, some are impossible, and they have no desire to spend effort to understand either.
Re: Have McKinsey and its consulting rivals got too big?
#154Re: Have McKinsey and its consulting rivals got too big?
#155Earlier quoted context omitted.
Which contemporary cultures are not "extremely stupid", in your opinion?
I've provided all the necessary information to piece it together without explicitly telling you. That was not an accident.
Given the reddit energy of these posts, I'm guessing it's a Japan/Scandinavia preference. Right or wrong?
Re: Have McKinsey and its consulting rivals got too big?
#156Earlier quoted context omitted.
And we've faced more headwinds than that before. The difference is, before, people had at least some confidence in their ability to make a living. We've whittled down the average person's wages and job security to the bone and when people don't feel secure, they don't spend, or maybe they do, but they put it on the card... which is another problem and story unto itself. And places like McKinsey are a part of the knif…
What data are you looking at that shows decreasing wages and spending?
Stagnant wages in high inflation is the same as decreasing wages
Re: Have McKinsey and its consulting rivals got too big?
#157Earlier quoted context omitted.
If all comments here were eyed with the same cynicism, we'd have no genuine discussions. And maybe we don't.
I don't think the people behind the opioid crisis should be trusted to be speaking in good faith.
I don't think people who are so bitter about not being in a position of power that they will say any hyperbolic thing they can about McKinsey should be trusted on the topic either
Re: Have McKinsey and its consulting rivals got too big?
#158Earlier quoted context omitted.
Less than nothing. It has flipped to the other side in the bullshit of it all. Pundit hot takes have ruined quality dialogue. Frankly I’d rather have discussions with people who do their own research and form their own opinions, no matter how faulty those opinions may be (there is always room for improvement precisely because there is room for discussion), than to hear them regurgitate party-speak drivel shilled by a…
I get the feeling you haven't watched Jon Oliver. He does deep dives on relevant issues and does a ton of research. I was recently interviewed about his process and it's pretty enlightening. He complains about how activists often twists perfectly good data to make a point but under scrutiny it falls apart, even if the original data would have been good enough. He's about as far from a hot takes engine as you could ge…
He's high quality research by comparison to the absolute garbage that exists today--not by say classical Frontline or 60 Minutes standards
Re: Have McKinsey and its consulting rivals got too big?
#159Let 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…
Fines are trivial.
I find it less that the fines are trivial than it is fines are levied on the wrong entities. Consultants break the law--fine them personally. Police's officers abuse power--fine them personally. Bankers shirk regulation--fine them personally. Nothing will ever change if the people committing the acts aren't the ones punished.
Re: Have McKinsey and its consulting rivals got too big?
#160It's not just that they're too big—it's that they're morally corrupt and largely unregulated. These firms have been involved in everything from tobacco lobbying to the 2008 financial crisis to pushing opioids, and that’s just scratching the surface. Despite their role in these crises, they’ve faced zero accountability and continue to rake in massive profits. As for their supposed value (which comes directly from ex-e…
How do you want to regulate somebody giving advice to people for money?
Correct.
The word here is not "regulate" it's "enforcement".
People doing illegal things should face personal responsibility on the actions. So do managers who approved it.
The issue with enforcement is the same thing that happened in 2008: enforcing white collar crimes is expensive and high risk for prosecutors who want slam dunks to advance their careers