Summary of When Mckinsey Comes to Town by Walt Bogdanich and Michael Forsythe

This book is not meant to be a replacement for the original book in any way, but rather a thorough summary of it. This independent author release by Paul Micheal offers a thorough summary of the book. The most prominent consulting firm in the world, McKinsey & Company, charges big enterprises and governments billions of dollars in fees to help them increase productivity and maximize profits. According to McKinsey's lauded statement of values, its goal...
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This book is not meant to be a replacement for the original book in any way, but rather a thorough summary of it.
This independent author release by Paul Micheal offers a thorough summary of the book.

The most prominent consulting firm in the world, McKinsey & Company, charges big enterprises and governments billions of dollars in fees to help them increase productivity and maximize profits. According to McKinsey's lauded statement of values, its goal is to improve the world, and the company draws top people from colleges all around the world because to its reputation for competence and secrecy. What does it do, though, exactly?

Two award-winning investigative journalists have painted a portrayal of the corporation in When McKinsey Comes to Town that is starkly at odds with its public image. In order to increase short-term profits and improve a company's stock price and the wealth of its executives who hire it, McKinsey's advise frequently amounts to significant cost-cutting, including layoffs and maintenance reductions, at the expense of employees and safety precautions. In addition to advising government organizations that oversee McKinsey's business customers, the firm makes millions of dollars. Additionally, the company routinely provides advice to rivals operating in the same sectors, but it disputes any potential for conflict.

In one revealing instance, McKinsey provided advice to a Chinese engineering firm allied with the communist government that built artificial islands that are now used as staging areas for the Chinese Navy--while simultaneously accepting tens of millions of dollars from the Pentagon, whose primary goal is to counter Chinese aggression.

McKinsey has evaded public scrutiny despite its role in advising oil businesses, authoritarian regimes, drug dealers, and cigarette and vaping industries while protected by NDAs. By making it extremely difficult for accident victims to receive compensation, McKinsey helped insurance companies increase their profits. It also used its connections in the U.S. government to help Wall Street firms avoid regulation, enabled corruption in developing nations like South Africa, and undermined health-care programs across the nation. and a lot more.

By conducting hundreds of interviews, getting tens of thousands of revealing documents, and according to rule #1 of investigative reporting: Follow the money, Bogdanich and Forsythe have broken through the wall of secrecy surrounding McKinsey.
The groundbreaking investigative reporting piece When McKinsey Comes to Town paints a damning portrayal of a company whose actions have frequently made the globe more corrupt, unequal, and dangerous.