It’s not the conclusions that are important. It’s how snazzy the PowerPoint presentation is. If you pay them more, there will even be bar charts.
I don’t know who this person is but something tells me he is the son of a wealthy family who has connections to all of those brands.
That job does not sound like a real job, it sounds like a job title that is a thinly veiled excuse to arrange perpetual exclusive socialism for the rich.
McKinsey is a company not a person
Ackshually, they’re considered moral persons. ☝️🤓
I know, it takes a second for the slight vomit to pass back down one’s throat.
Companies are made of persons
Checkmte
Mckinsey is a company with over 45,000 employees.
So many morons getting paid way to much money to make stupid decisions.
It’s management 101.
You aint wrong, McKinsey is the ultimate job farm for mid grade nepo babies and/or elite school graduates.
Wait, she went on parental leave from her job, as in having a newborn baby, and used that time to get a master’s degree? Either the baby didn’t spend much time with mom or the degree is a joke, because I have a really hard time imagining having the energy to work on a serious master’s degree in a year or less while taking care of an infant!
Prolly has a nanny tbh
There is a club
Well, consulting is often used because they need an answer to a question. That may be open-ended like:
“What moves should we make to expand our business?”
But other times they just want confirmation:
“Should we merge with Discovery?” (Sure, I guess. Here are some reasons you could. cha-ching)
“Should we split with Discovery?” (Sure, I guess. Here are some reasons you could. cha-ching)
Other times they just need to pay people to give them excuses to lay off people. McKinsey’s always available for that.
Sounds like a job that would be easy to replace with ChatGPT.
Guess what the guys an McKinsey are doing…
When Chipotle got a new CEO (Brian Niccol, who has since become the Starbucks CEO) a few years back, they were headquartered in Denver. But the CEO lived in Newport Beach. So they brought in a consulting management firm to examine where the best place in the country was for them to have their corporate headquarters.
After weeks of analysis - surprise, surprise - they determined that the best place they could possibly have a corporate headquarters was in Newport Beach, where the CEO lived.
So they fired most of their corporate workers and moved the office to be closer to the CEOs house.
“Sorry we don’t do remote work and you’ll have to come into the office.”
“Counterpoint: …”
Starbucks has a mandatory 3 day a week RTO policy, but this same CEO did not relocate from Newport beach to Seattle.
Instead, he has the corporate private jet fly him 2000 miles round trip week.
Seems like a solid solution. Why doesn’t everyone just do that?
I have experienced this where I work. There is a consulting company that gets rolled out to make packets full of “data”, graphs, summaries, and surveys that always manages to support the unpopular thing the boss wants.
Other times they just need to pay people to give them excuses to lay off people. McKinsey’s always available for that.
What would you say… you do here?
Look, I already told you: I deal with the goddamn customers so the engineers don’t have to. I have people skills. I am good at dealing with people! Can’t you understand that!? What the hell is wrong with you people!!
Get paid to do the work of someone who could be employed for a reasonable salary, but the board or CEO wants the answer to come from someone outside the company to avoid taking any blame.
Bob, Bob.
Naga-naga-nagonna work here anymore, anyway
McKinsey:
For when you have no fucking clue how to do your job, and want authoritative, plausible deniability about that.
When you used to work for them and hope to return someday as partner, so you push as much business their way as you can.
Yeeep.
Its all an incestuously club of referrals and nepotism at the top of corporate America, who would have guessed.
Obviously you should keep paying my $1.3 million annual salary. We just paid McKinsey $30 million to say how vital my department is
How should we defend Athens?
Consultancy says “A wooden wall will save Athens”
We’ve been doing this forever…
Man I wish I knew how to grift rich people like this
Insane how quickly the HBO brand went from penthouse to basement.
They’ve developed a perpetual consulting loop. Genius.
This company also advised multiple large opiate manufacturers.
On the other hand, they’re grifting Zaslav, who is possibly the worst person in show business, so…maybe let them cook.
TIl, I could do this job.
A lot of high paying decision making jobs could be done much better if they were actually given to people based on their talents and not who they know or are related to.
The hardest part about the job is getting it
And if you are wondering why the German military is being made fun of so much: it’s McKinsey again. But no worries, we took care if it. The minister of defense in charge back then is long gone. Cause she is the president of the European Commission now. Multiple of her children have worked for McKinsey in the past. What a coincidence!
Isn’t the google ceo a McKinsey stooge?
So is Buttigieg, but sharing that information seems to be unpopular.
Yes, he is. It explains a lot.
I don’t care if you’re wrong, I will propagate it anyway.
I mean no need to spread misinformation. This information in easily verifiable.
Sundar Pichai, Google’s CEO, worked at McKinsey for ~2 years and then joined Google in 2004, eventually working his way into the position of CEO.
Pichai’s fuck ups are unlikely a result of McKinsey, at least not directly. That isn’t to say that McKinsey is completely off the hook. They work with plenty of “top” companies and I’m certain Google is one of them.
They certainly hire some “talent”
Pichai was so bad, even McKinsey didn’t want to keep him.
McKinsey likes to hire recent graduates who they suspect will wind up in high places. It builds them strong connections and lets them brag to potential customers as well as customers’ stakeholders that they have cutting edge talent and that they hire the best and to tell potential employees that a few years with them is part of how you move from an elite educational institution into high levels of business or politics.
The worst thing this says about Pichai is that he was the sort of person who seeks to be on the ladder to elite careers.
All consulting is like this. It’s a way to offload blame for your decisions by not making any in-house.
Our company paid a consulting firm 100k to deliver the same message our internal had been saying for 5 years.
Oh yes. The board member used to work for that consultancy.
Sounds like they still get paid then!
“What’s your advice?”
“My advice is to not take my advice. That’ll be 63 million dollars, please.”
That would unironically be good advice which means he couldnt give it.
But if he did, would they take it?
“Certainly Sir! Money well spent!”
You have to understand why they are employed though - somebody stands to gain from doing some thing, so the way they get to justify doing that thing is to hire these people, so they come in, deliver a report that says the thing is the best thing to do with graphs that go up, and it happens, McKinsey gets paid, the beneficiary gets what they want and life goes on.
That plus there’s a massive incentive for overpaid executives to farm out any actual decision-making to consultants. They could lose their cushy jobs if they did something unpopular that made the news and hurt stock prices. But if the decision was promoted by an expensive consulting firm, that launders the blame. It hurts the business in a fundamental way, obviously, but publicly traded companies have not been very focused on fundamentals up until lately. Tighter monetary policy should have changed this, but the paradigm has been slow to shift for many.
More like "tell me what you already decided to do, and pay me out the ass to create a justification for it so you can pin it on us if it’s a giant fuckup after the fact’.
From my (fortunately) brief experience in software consulting, I can confirm that is an important unwritten rule of the job. It doesn’t matter what exactly you sell to customers, as long as they are willing to buy it and come back. It explains why a lot of software is dogshit.
“I can’t produce anything, so I’ll take money away from other people doing business” ~consultants
