Posted on 09/09/2019 5:44:01 AM PDT by tired&retired
Insiders say a multimillion dollar McKinsey-fueled overhaul of the country’s intelligence community has left it less effective. Dan McCready, congressional candidate in North Carolina worked for McKinsey.
McKinsey has secured close to $1 billion in government contracts in just the past 10 years. Its work with the intelligence community goes back at least a decade — the firm played a central role in helping the FBI transform its intelligence mission in 2005 in response to pressure from the White House to restructure the bureau’s budget.
“They were receiving a generous consulting fee, but did not appear from my vantage to bring any particular expertise to the task,” said Stephen Slick, a veteran intelligence official who served as the National Security Council’s senior director for intelligence programs and reform in 2005.
With the more recent intelligence community restructuring, officials have also been vexed by what appears to be a lack of a competitive bidding process — McKinsey seemed to seamlessly transition from working with CIA, to NSA, to ODNI via no-bid contracts, these people said, despite lingering skepticism over the firm’s effectiveness.
And Chelsea Klinton too, I believe. Maybe I have that wrong.
The business list of former employees is Trump’s enemy list.
Henrique De Castro – former Google executive and former chief operating officer of Yahoo
Etienne de Villiers – former Executive Chairman and President of the ATP Tour, former President of Walt Disney, and former chairman of BBC Worldwide
Sheryl Sandberg – COO of Facebook
Amelia Warren Tyagi — daughter of Elizabeth Warren
John Birt, Baron Birt – former director-general of the BBC (1992–2000) and special adviser to Tony Blair
Matt Brittin – Head of EMEA at Google
Shona Brown – former Google executive
Adam Cahan — Yahoo executive
James P. Gorman – chairman and CEO of Morgan Stanley
Mario Greco – CEO of Zurich Insurance Group
Stephen Green (banker) – chairman of HSBC
Anil Kumar was a senior partner and director at management consulting firm McKinsey & Company, where he co-founded McKinsey’s offices in Silicon Valley and India and created its Internet practice (representing a quarter of McKinsey’s business at the time) among others.
In 2010 he pleaded guilty to insider trading in a dramatic “descent from the pinnacle of the business world.”[1] He was the government’s first cooperator and most important witness “in two of the most important securities fraud trials in history”[2] against close friends and business partners Raj Rajaratnam, the billionaire founder of the Galleon Group family of hedge funds, and Rajat Gupta, the former head of McKinsey and Company and a board member of Goldman Sachs and Procter and Gamble. Rajaratnam and Gupta were both convicted in separate high-profile criminal trials. He was sentenced in 2012 by Judge Denny Chin to two years of probation in exchange for testimony against former friends Rajanatram and Gupta.
This looks like it is getting close to the snake’s head.
I am not sure disgruntled deep staters are the best voices we need to hear on what ails the intelligence services.
You are correct
Per her Wiki page
Chelsea Clinton has worked for McKinsey & Company, Avenue Capital Group, and New York University and serves on several boards, including those of the School of American Ballet, Clinton Foundation, Clinton Global Initiative, Common Sense Media, Weill Cornell Medical College and IAC/InterActiveCorp.
McKinsey (2003–2006)
After graduating high school, Chelsea goes to Stanford and gets a degree in history and then goes to Oxford and gets a degree in international relations. So far, so banal.
But after Oxford, Chelsea Clinton signed up with McKinsey, a consulting company known as an elite business training corps.
Many of these public career oriented types are veering back to the Democrat party. Nearly all these guys seeking public office in places like NC with national security on their resume would have chosen the R jersey the past few decades.
https://www.currentaffairs.org/2019/02/mckinsey-company-capitals-willing-executioners
The biggest, oldest, most influential, and most prestigious of the “Big Three” management consulting firms, McKinsey has played an outsized role in creating the world we occupy today. In its 90+ year history, McKinsey has been a whisperer to presidents and CEOs. McKinsey serves more than 2,000 institutions, including 90 of the top 100 corporations worldwide.
The firm’s willingness to work with despotic governments and corrupt business empires is the logical conclusion of seeking profit at all costs. Its advocacy of the primacy of the market has made governments more like businesses and businesses more like vampires. By claiming that they solve the world’s hardest problems, McKinsey shrinks the solution space to only those that preserve the status quo. And it is through this claim that the firm attracts thousands of “the best and the brightest” away from careers that actually serve the public.
How did things turn out this way? McKinsey consultants gave 27 times more money to Hillary Clinton’s campaign than to Donald Trump’s. The members of my team attended the Women’s March while serving an agency shaped by the man they marched against.
However, this line may no longer cut it in today’s political environment. This summer, the New York Times reported on McKinsey’s termination of its contract with ICE:
While stating that McKinsey’s work for the agency did not involve carrying out immigration policies, [Managing Director] Sneader wrote that the firm “will not, under any circumstances, engage in any work, anywhere in the world, that advances or assists policies that are at odds with our values.”
Note again the fiction that the firm isn’t involved in carrying out immigration policy (obviously, McKinsey analysts aren’t physically separating families). According to an award description for one of the ICE contracts, the firm was hired to assist the “ENFORCEMENT AND REMOVAL OPERATIONS (ERO) ORGANIZATIONAL TRANSFORMATION INTEGRATED CONSULTING SERVICES.” ERO is the “papers please” division of ICE, and any transformation and integrated consulting services—a catch-all that could mean literally anything—will have the goal of making the organization more effective at carrying out its stated mission, which will mean more people detained and deported and more families separated.
This year in South Africa, McKinsey faced the largest scandal in its history (surpassing its deep implication in the Enron implosion and the imprisonment of its former Managing Director Raj Gupta for insider trading). The firm won a bid with the state-owned power company Eskom, with a performance-based fee worth up to $700 million. According to a Times investigative report:
“The contract turned out to be illegal, a violation of South African contracting law, with some of the payments channeled to an associate of an Indian-born family, the Guptas, at the center of a swirling corruption scandal.”
McKinsey may face criminal prosecution and has agreed to pay back the $74 million in fees it received for the six months of work it carried out.
These are just the stories that leaked to the press. McKinsey is one of the most successful government contractors, with federal contracts worth $613 million between 2012 and 2018, with $150 million from the Department of Defense and $63 million from the Department of Homeland Security. The ICE contracts alone were worth $26 million. Public disclosures do not include the many projects McKinsey does for America’s defense contractors. Many of these projects are benign, bordering on banal, but some of them help organizations that make the bombs blowing up Yemeni school buses.
Clinton’s new tactics, McKinsey’s secret $5bn fund and when fashion meets high-tech whimsy
https://www.ft.com/content/979dbbd0-2b35-11e6-bf8d-26294ad519fc
John Garcia
https://www.mckinsey.com/our-people/jon-garcia
Jon took leave from McKinsey and was a senior official in the Clinton Administration in 1997–98, where he led the federal government’s task force that restructured a $6 billion portfolio of subsidies provided to bidders on spectrum for mobile communications services (the “C Block”).
Before founding RTS, Jon advised various managers of alternative asset funds, including private equity, distressed investing, and hedge funds.
Eric Braverman Tried to Change the Clinton Foundation. Then He Quit.
Inside the power struggle at Clinton, Inc.
In December, the board of the Bill, Hillary and Chelsea Clinton Foundation approved a salary of more than $395,000, plus bonus, for its Yale-educated CEO, Eric Braverman, while voting to extend his board term through 2017, according to sources familiar with the arrangement. Braverman, who had worked with Chelsea Clinton at the prestigious McKinsey & Company consultancy, had been brought in with the former first daughter’s support to help impose McKinsey-like management rigor to a foundation that had grown into a $2 billion charitable powerhouse.
https://www.politico.com/magazine/story/2015/03/clinton-foundation-eric-braverman-115598
VIEWS » JULY 31, 2019
McKinsey and Company Is an Elitist Cult.
Why Is Buttigieg Defending It?
https://inthesetimes.com/article/21945/pete-buttigieg-McKinsey-consulting-firm-2020-election-elitism
The management consultancy firm is “the single greatest legitimizer of mass layoffs.” And its alumni are loyal for life.
https://inthesetimes.com/article/21945/pete-buttigieg-McKinsey-consulting-firm-2020-election-elitism
About The Book
The story of McKinsey & Co., America’s most influential and controversial business consulting firm, “an up-to-date, full-blown history, told with wit and clarity” (The Wall Street Journal).
If you want to be taken seriously, you hire McKinsey & Company. Founded in 1926, McKinsey can lay claim to the following partial list of accomplishments: its consultants have ushered in waves of structural, financial, and technological change to the nation’s best organizations; they remapped the power structure within the White House; they even revolutionized business schools. In The New York Times bestseller The Firm, star financial journalist Duff McDonald shows just how, in becoming an indispensable part of decision making at the highest levels, McKinsey has done nothing less than set the course of American capitalism.
But he also answers the question that’s on the mind of anyone who has ever heard the word McKinsey: Are they worth it? After all, just as McKinsey can be shown to have helped invent most of the tools of modern management, the company was also involved with a number of striking failures. Its consultants were on the scene when General Motors drove itself into the ground, and they were K-Mart’s advisers when the retailer tumbled into disarray. They played a critical role in building the bomb known as Enron.
They couldn’t take the time to bid these. They had to get in there fast and undo everything they had been doing for the last eight years before republicans learned how to use it to blackmail politicians and supreme court judges. If we don’t start military tribunals with public hangings of these traitors soon we will lose this country to the commies. It will be chairman obama for life.
McKinsey worked alongside Paul Manafort to legitimize and guide Ukraine’s Viktor Yanukovych
McKinsey, the standard-bearer for autocrats, looters and torturers
https://boingboing.net/2018/12/16/rationalizations-and-profits.html
Outlines the role played by the ubiquitous McKinsey and Company in legitimizing, coordinating, and supercharging the world’s most notorious human-rights-abusing regimes, from Saudi Arabia to China to Russia.
How Mueller deputy Andrew Weissmann’s offer to an oligarch could boomerang on DOJ (Ties to McKinsey Consulting)
Weissmann quietly reached out to the American lawyers for Ukrainian oligarch Dmitry Firtash with a tempting offer: Give us some dirt on Donald Trump in the Russia case, and Team Mueller might make his 2014 U.S. criminal charges go away.
Firtash’s lawyers also offered the Austrian court evidence of alleged prosecutorial wrongdoing.
A key document submitted to Austrian authorities to support Firtash’s extradition was portrayed by DOJ as having come from Firtash’s corporate files and purported to show he sanctioned a bribery scheme in India. In fact, the document was created by the McKinsey consulting firm as part of a hypothetical ethics presentation for the Boeing Co. and had no connection to Firtash’s firm.
Moreover, McKinsey claims in an official statement that it had no knowledge of a bribery scheme by Firtash, and the PowerPoint’s use of the phrase “bribery payments” never came from Firtash or his company and were, instead, hypothetical “assumptions by McKinsey about standard business practices in India,” according to the new Austrian court filing.
Firtash’s U.S. legal team told me it alerted Weissmann to DOJ’s false portrayal of the McKinsey document in 2017, but he downplayed the concerns and refused to alert the Austrian court. The document was never withdrawn as evidence, even after the New York Times published a story last December questioning its validity.
New York Times
How McKinsey Has Helped Raise the Stature of Authoritarian Governments
Its clients have included Saudi Arabia’s absolute monarchy, Turkey under the autocratic leadership of President Recep Tayyip Erdogan, and corruption-plagued governments in countries like South Africa.
In Ukraine, McKinsey and Paul Manafort — President Trump’s campaign chairman, later convicted of financial fraud — were paid by the same oligarch to help burnish the image of a disgraced presidential candidate, Viktor F. Yanukovych, recasting him as a reformer.
Once in office, Mr. Yanukovych rebuffed the West, sided with Russia and fled the country, accused of stealing hundreds of millions of dollars. The events set off years of chaos in Ukraine and an international standoff with the Kremlin.
Inside Russia itself, McKinsey has worked with Kremlin-linked companies that have been placed under sanctions by Western governments — companies that the firm helped build up over the years and, in some cases, continues to advise.
It appears that Manafort was arrested as McKinsey hates competition in shaking down the Ukrainian politicians.
How McKinsey consultants helped push opioid sales
The New York Times takes a step back from the lawsuits and criminal charges against opioid manufacturers to note that McKinsey, the consulting firm, also keeps coming up in those proceedings.
The big picture: Purdue Pharma and Johnson & Johnson both hired McKinsey to boost opioid sales. McKinsey hasn’t been charged or sued for any role in the crisis, but details about the company’s involvement have nevertheless crept out through testimony and court filings.
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