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When McKinsey Comes to Town

The Hidden Influence of the World's Most Powerful Consulting Firm

Walt Bogdanich Michael Forsythe

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English
Bodley Head
05 October 2022
From Enron to the opioid scandal, an explosive, deeply-reported expose that shows how McKinsey's has made the world more unequal, more corrupt and more dangerous over the last sixty years

McKinsey & Co. earns billions of dollars in fees from major corporations and governments who turn to them to maximize their profits and enhance efficiency. Their vaunted statement of values asserts their role is to make the world a better place, and their reputation for excellence and discretion attracts top talent from universities around the world. McKinsey's network is immense- almost 80% of the Fortune 500 and every government, as well as countless militaries, institutions and charities, including the NHS, have paid for and implemented their top secret and world-shaping advice. So what is that advice? And what effect has it actually had?

In WHEN MCKINSEY COMES TO TOWN, two prize-winning investigative journalists reveal the truth behind the public image. Often McKinsey's advice boils down to major cost-cutting, including layoffs and maintenance reductions, to drive up short term profits, thereby boosting the stock price and the wealth of the executives who hire them, at the expense of workers, and safety measures. They frequently recommend steering contracts from governments to their own clients, and just as frequently advise companies in the same industries.

Shielded by NDAs, McKinsey has escaped public scrutiny despite their role in advising tobacco companies, purveyors of opioids, repressive governments and oil companies. McKinsey helped insurance companies boost their profits by essentially making it impossible for accident victims to get payments; worked their U.S. government contacts to let Wall Street firms evade scrutiny; enabled massive theft in developing countries such as South Africa; reshaped the NHS. Their work has helped destabilize the global economy and divided society, and has been at the heart of some of the worst corporate scandals in history- from Enron to the Opioid Crisis.

Bognadich and Forsythe have managed to penetrate the veil of secrecy McKinsey by conducting hundreds of interviews, obtaining tens of thousands of revelatory documents, and following rule #1 of investigative reporting- Follow the money. WHEN MCKINSEY COMES TO TOWN is a landmark work of investigative reporting that amounts to a devastating portrait of a firm whose work has made the world more unequal, more corrupt, and more dangerous.

A gripping narrative of secrecy, greed and corruption, this is the story of where and how business went wrong in the modern era.

By:   ,
Imprint:   Bodley Head
Country of Publication:   United Kingdom
Dimensions:   Height: 235mm,  Width: 155mm,  Spine: 27mm
Weight:   445g
ISBN:   9781847926265
ISBN 10:   1847926266
Pages:   320
Publication Date:  
Audience:   General/trade ,  Professional and scholarly ,  College/higher education ,  ELT Advanced ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Walt Bogdanich (Author) WALT BOGDANICH is an investigative reporter for The New York Times. He has been awarded three Pulitzer Prizes for his investigative journalism. He previously produced stories for 60 Minutes, ABC News and The Wall Street Journal in New York and Washington. He has a B.A. in political science from the University of Wisconsin and a master's degree in journalism from Ohio State University. Michael Forsythe (Author) MICHAEL FORSYTHE is an investigative reporter for The New York Times. At Forbes was part of a team that won the George Polk Award in 2013. Mr. Forsythe is a veteran of the U.S. Navy, where he served on ships in the Seventh Fleet. He has a B.A. in international economics from Georgetown University and a Master's degree in East Asian Studies from Harvard University.

Reviews for When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm

In government and the private sector, in the United States and around the world, the influence of McKinsey is difficult to overstate. Walt Bogdanich and Michael Forsythe penetrate the firm's vaunted culture of secrecy to expose the complicity of business consultants in abetting the conduct of unsavory clients -- from despots to opioid pushers -- and the malign ways in which McKinsey's scientific management ends up impacting all of our lives. Panoramic, meticulously reported, and ultimately devastating, this is an important book -- Patrick Radden Keefe, author of Empire of Pain Bogdanich and Forsythe show how McKinsey, rather than optimizing social welfare, optimizes corporate profits and greed. In doing so the Firm has become a super spreader of corporate misdeed and contributed to America's growing inequality problem. Hypocrisy, avarice, ridiculous power points, aiding and abetting the world's polluters and drug companies. Every page made my blood boil as I readabout McKinsey's flawed reasoning and the vast profits made from ethically dubious work for governments, polluting companies and big pharma -- Joseph E. Stiglitz, Nobel Laureate, author of The Price of Inequality Two of the finest investigative reporters in the business got behind the wall of secrecy erected by one the world's most influential companies. When McKinsey Comes to Town is a revelatory - and disturbing - portrait of a powerful firm whose vaunted reputation is belied by its actions -- Jane Mayer, author of The Dark Side


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