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So, this bastard and Zaslav are the reason I can't watch older seasons of Expeditions Unknown on HBOMax. Fuck 'em both.
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.
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: …”
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?
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.
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!!
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
Sounds like a job that would be easy to replace with ChatGPT.
Consulting services are vital because they improving corporate synergy by utilizing market solutions and relocating potential where it is needed most.
Don’t forget that they also leverage institutional assets to extract value using best practices!
We'll circle back to that.
Can I talk to you offline?
Then I apply an herb-mint facial mask, which I leave on for 10 minutes while I prepare the rest of my routine. I always use an aftershave lotion with little or no alcohol, because alcohol dries your face out and makes you look older. Then moisturiser, then an anti-ageing eye balm followed by a final moisturising protective lotion.
They've developed a perpetual consulting loop. Genius.
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.
How far off am i?
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.
Thank you for reading my analysis, the bill, regardless wether i am correct is about 69.420mil
Mckinsey is a company with over 45,000 employees.
So many morons getting paid way to much money to make stupid decisions.
You aint wrong, McKinsey is the ultimate job farm for mid grade nepo babies and/or elite school graduates.
For example, Ursula von der Leyen hired McKinsey for German Army re-org...
then both of her children got plush jobs at the firm, her daughters 3 years there then leveraged into elite degree a Stanford
https://fsi.stanford.edu/people/johanna-von-der-leyen
Johanna joins the Ford Dorsey Master’s in International Policy from McKinsey’s Sustainability Practice. During her 3.5 years at the management consultancy, she advised private sector clients from various industries on sustainability strategies and developed reports on climate risk with the McKinsey Global Institute. During her parental leave from McKinsey, she received a Master of Philosophy in Environmental Policy from the University of Cambridge (UK). She also holds a bachelor’s degree in Politics and Economics from the University of Münster. At Stanford, Johanna hopes to deepen her knowledge in integrating environmental policies into the dynamics of international policymaking. Her academic interests also include nature- and climate-related risk assessment and adaptation, and particularly the role of nature-based solutions. Johanna is an outdoor enthusiast, a passionate dressage rider who participated in competitions on the highest national level in Germany, and she enjoys running and gardening in her spare time.
There is a club, and most people see it before their eyes and still somehow manage to not see it for it is.
Just work harder!
C'mon now...
If they can't charge all that money to be wrong. How can they pay the US government the $722,000,000.00 they owe?
The Justice Department said McKinsey Africa had received credit for cooperating with its investigation and conducting anti-corruption training for employees. The $122,850,000 McKinsey has agreed to fork up includes a penalty it will pay in South Africa.
McKinsey is also in talks with the Justice Department to pay more than $600 million to resolve a separate investigation into the consulting firm's work helping opioid manufacturers boost sales that allegedly contributed to a deadly addiction epidemic, people familiar with the matter have told Reuters.
You think Purdue Pharma could have made all those ~~drug addicts~~ customers without McKinsey pushing pills for them?
Won't some think of the Billionaires stock portfolios!
Fair, but like, nothing sells itself like opiates. [I'm actually aware they're the ones who encouraged the massive ad campaign focused on claiming oxycontin isn't addictive, though given Sackler previous behavior I believe in their ability to figure that strategy out on their own]
On the other hand, they're grifting Zaslav, who is possibly the worst person in show business, so...maybe let them cook.
Why are consulting companies so successful? Is it all connections? Their role in appeasing investors by external intervention and change (no matter how useful)?
Consulting companies are just esoteric quacks but for businesses.
Prestige and the perception of impartiality, alongside the ability to serve as fall guys. And to a significantly lesser degree they can tell you things you actually don't know or make recommendations when you're stuck because they're an outside set of eyes.
What this means is when you decide to make a controversial decision they can take the heat in place of experts, and unlike internal experts you don't wind up in a particularly flimsy situation when you inform them of what they'll be suggesting. And if it all goes as poorly as it might you can blame them. (And everyone knows this so the consultants are shielded)
And for the situation where you don't actually know what to do, theoretically thet may or may not be bad at it. If you're stuck you're stuck and not only can they possibly help, they can definitely provide cover for a bad call or an unwinnable situation
To a certain degree they're a result of people in a position to spend large amounts of money whose job is to make calls.
It is all connections and a box checking for the board and/or CEO.
The CEO can deflect bad outcomes on the consulting company for suggesting doing what the CEO had in mind to do, but didn't have the board's approval.
Corporate consulting is such a giant fucking grift and they are responsible for the enshitification of so much.
Why are there no employees to help you on the sales floor or at the register? The CEO wanted to hit a performance metric to maximize their bonus and brought in a consulting company to advise. The consulting company looked for low-hanging fruit, which is cutting costs in the form of payroll. The CEO dips when there is no meat left on the bone. The next CEO hires a consulting company to maximize the bonus and then you get fake sales to mask a following price increase. CEO dips and the next CEO's consultants gives the consumer a rewards program to harvest data to sell and drive sales through psychological manipulation(See Kohl's cash).
Corporate consultants are horrible people with business degrees looking to harvest marrow from a stripped corpse.
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.