McKinsey's South Africa fiasco . . .

[Mefisto]

It can be presumed that anyone working for the McKinsey organization is either a greedy sociopath or a criminally naive idiot, but who cares (they certainly don't), there's billions to be made undermining the cornerstones of modern western civilization.

If the Chinese Communist Party was overthrown overnight, or even if there was just a coup by a different CCP clique, I'd put a wager on certain HK-based CEO having a private jet on standby helping him flee to some other authoritarian territory with no extradition treaties...

There should be a good choice of locations though. McKinsey seem to be collaborating with every dictator or autocrat (with unhindered access to state funds) there is. Where there is a threat of democracy, McKinsey sniffs a lucrative opportunity.


New York Times: How McKinsey Has Helped Raise the Stature of Authoritarian Governments

This year’s McKinsey & Company retreat in China was one to remember.

Hundreds of the company’s consultants frolicked in the desert, riding camels over sand dunes and mingling in tents linked by red carpets. Meetings took place in a cavernous banquet hall that resembled a sultan’s ornate court, with a sign overhead to capture the mood.

“I can’t keep calm, I work at McKinsey & Company,” it said.

Especially remarkable was the location: Kashgar, the ancient Silk Road city in China’s far west that is experiencing a major humanitarian crisis.

About four miles from where the McKinsey consultants discussed their work, which includes advising some of China’s most important state-owned companies, a sprawling internment camp had sprung up to hold thousands of ethnic Uighurs — part of a vast archipelago of indoctrination camps where the Chinese government has locked up as many as one million people.

One week before the McKinsey event, a United Nations committee had denounced the mass detentions and urged China to stop.

But the political backdrop did not appear to bother the McKinsey consultants, who posted pictures on Instagram chronicling their Disney-like adventures. In fact, McKinsey’s involvement with the Chinese government goes much deeper than its odd choice to showcase its presence in the country.

And the importance of China to McKinsey over all is evident: The firm’s last two managing partners, Mr. Barton and Kevin Sneader, were promoted from the region. Mr. Sneader now runs the entire company from Hong Kong.

[huja]

https://www.economist.com/finance-an...HvTHKuvPuQB4pw

[shri]

Spotted in an article about the opiod settlement in Oklahoma.

It was also revealed that Johnson & Johnson hired the consultants McKinsey, which recommended the company’s sales force should focus on doctors already prescribing large amounts of Purdue’s OxyContin. Among a list of “opportunities” to increase sales was a proposal to “target high abuse-risk patients (eg males under 40)”.

https://www.theguardian.com/us-news/...klahoma-latest

[shri]

Back in the news ... again.

The criminal investigation represents a potent threat to a venerable company that has been dogged by mounting criticism that it has prioritized its own profits over clients, ethics and the law. McKinsey refunded millions of dollars in fees after South African authorities accused it of helping associates of the country’s former president, Jacob Zuma, loot public coffers. The firm’s name surfaced in a case federal prosecutors brought against a Ukrainian oligarch because it gave a presentation that cited the need to bribe officials in India. And court records recently revealed its role in helping opioid makers sell more drugs, although the firm was not a defendant in that case.

But the activities of McKinsey’s bankruptcy advising business have invited especially intense scrutiny. Such advisers have significant influence over the handling of bankrupt companies’ assets, and help determine which creditors receive the best returns on defaulted debt.

https://www.nytimes.com/2019/11/08/b...ankruptcy.html

[shri]

McKinsey unit to pay $123 million to settle claims it bribed African officials

https://www.cnbc.com/2024/12/05/mcki...ndroidappshare

[Elefant&Castle]

McKinsey unit to pay $123 million to settle claims it bribed African officials

https://www.cnbc.com/2024/12/05/mcki...ndroidappshare

Bastards! It doesn't say how much they paid in bribes? Only that it netted them $85mil in profits.

[SirNotAppearing]

Bastards! It doesn't say how much they paid in bribes? Only that it netted them $85mil in profits.

which is why they keep doing it