[Riflema]

Worth reading. We are supposed to trust these great and all knowing MBA's will not abuse client information for their own benefit. And yes, young chelsea clinton was employed there on another of her many no-show jobs.

[Eric in the Ozarks]

My company worked with McKinsey on a project back in the 80s. I found their representatives very bright with good ideas. I cannot understand what Chelsa’s contributions would have been...

[who_would_fardels_bear]

Every company I have worked for that used McKinsey got absolutely nothing of real or long-lasting value from them.

My understanding is that corporate execs generally know when they need to change their business practices, but personal relationships make it difficult for them to confront presidents and vice-presidents that are making bad decisions.

So they hire firms like McKinsey to do polling, studies, etc. and just so happen to come up with the same ideas as the CEO was planning on implementing anyway. That way when they push the bad veeps to the curb they can blame it on the consultants and they can still be golf buddies.

But because the CEO was responsible for the old policies that didn't work, and the CEO is the real force behind the new policies, they most likely won't work either.

The real tragedy is that these organizations hire lots of the "best and brightest" who end up spending their careers making lots of money adding little or no value to the economy. Basically they are a legion of parasites. Beautiful young parasites no doubt, but still parasites.

[tillacum]

What is a shipping quant fund?