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  • When McKinsey Comes to Town

  • The Hidden Influence of the World's Most Powerful Consulting Firm
  • De : Walt Bogdanich, Michael Forsythe
  • Lu par : Ari Fliakos
  • Durée : 10 h et 6 min
  • 4,5 out of 5 stars (2 notations)

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When McKinsey Comes to Town

De : Walt Bogdanich,Michael Forsythe
Lu par : Ari Fliakos
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    Description

    NEW YORK TIMES BESTSELLER • An explosive, deeply reported exposé of McKinsey & Company, the international consulting firm that advises corporations and governments, that highlights the often drastic impact of its work on employees and citizens around the world

    "Meticulously reported, and ultimately devastating, this is an important book."—Patrick Radden Keefe, New York Times bestselling author of Empire of Pain and Say Nothing

    McKinsey & Company is the most prestigious consulting company in the world, earning billions of dollars in fees from major corporations and governments who turn to it to maximize their profits and enhance efficiency. McKinsey's vaunted statement of values asserts that its role is to make the world a better place, and its reputation for excellence and discretion attracts top talent from universities around the world. But what does it actually do?

    In When McKinsey Comes to Town, two prizewinning investigative journalists have written a portrait of the company sharply at odds with its 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 a company's stock price and the wealth of its executives who hire it, at the expense of workers and safety measures. McKinsey collects millions of dollars advising government agencies that also regulate McKinsey's corporate clients. And the firm frequently advises competitors in the same industries, but denies that this presents any conflict of interest.

    In one telling example, McKinsey advised a Chinese engineering company allied with the communist government which constructed artificial islands, now used as staging grounds for the Chinese Navy—while at the same time taking tens of millions of dollars from the Pentagon, whose chief aim is to counter Chinese aggression.

    Shielded by NDAs, McKinsey has escaped public scrutiny despite its role in advising tobacco and vaping companies, purveyors of opioids, repressive governments, and oil companies. McKinsey helped insurance companies' boost their profits by making it incredibly difficult for accident victims to get payments; worked its U.S. government contacts to let Wall Street firms evade scrutiny; enabled corruption in developing countries such as South Africa; undermined health-care programs in states across the country. And much more.

    Bogdanich and Forsythe have penetrated the veil of secrecy surrounding 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 often made the world more unequal, more corrupt, and more dangerous.

    ©2022 Walt Bogdanich and Michael Forsythe (P)2022 Random House Audio

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    Moyenne des évaluations utilisateurs. Seuls les utilisateurs ayant écouté le titre peuvent laisser une évaluation.
    Global
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    Commentaires - Veuillez sélectionner les onglets ci-dessous pour changer la provenance des commentaires.

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    • Global
      1 out of 5 stars
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    Image de profile pour Utilisateur anonyme
    • Utilisateur anonyme
    • 05/10/2022

    This book is not fair

    According to the author McKinsey is responsible for all the known world problems. There are things one criticize the Firm for but lack the values probably not the right one. Having spent a decade in McK don’t think this book is fair
    Have we always been right? Of course not
    Have we made mistakes? Of course yes
    Have we been wrong and should never repeat some mistakes again? Definitely!
    Impossible to avoid mistakes if you are solving difficult problems

    3 personnes ont trouvé cela utile

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    • Alvaro
    • 09/10/2022

    Overly agenda driven

    I was hoping this would be a credible source of learnings, but it’s clearly written through a myopic, questionable lens.

    2 personnes ont trouvé cela utile

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      1 out of 5 stars
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    • Regan Consulting Sp. z o.o.
    • 06/10/2022

    Superb topic, poor execution

    McKinsey was one of the firms I wished I worked for when I was younger. Now I don’t regret that I didn’t.

    However, there is nothing new that the authors describe: cost cutting, right-sizing, getting contracts improperly, providing pro bono work to obtain information which could be monetised in other contracts or even helping dictators. All of this could be described in the introduction. It would make a better book if the authors limited the scope and went deeper.

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    • Global
      5 out of 5 stars
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    • Anonymous
    • 05/10/2022

    An excellent book - must read!

    "When McKinsey Comes to Town" is thoroughly researched and expertly written. It is an important read for anyone looking to understand the firm's influence and its role in society.

    2 personnes ont trouvé cela utile

    • Global
      5 out of 5 stars
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    • GA
    • 15/10/2022

    Shows systemic problems in McKinsey's culture

    The assembled investigations show a pattern of systemic problems with the firm. Conflicts of interest (e.g. Consulting to both regulators and regulated companies) and a broken governance model (local partner's power to chase profit) are two.

    Contrary to some reviews posted here, cost cutting was a small focus of the book. The opiod debacle, Joule vaping, tobacco, ICE, the role in exposing Saudi dissidents that lead to the execution of Khashogi, the corrupt sale of work in South Africa and NHS work all feature.

    Perhaps the best feature of the book is the access the authors gained to client and billing records allowing them to illustrate the depth of client conflicts of interest.

    McK has pursued growth at huge costs. The firm is virtually unrecognizable from the values and persona of Marvin Bower.

    1 personne a trouvé cela utile

    • Global
      5 out of 5 stars
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    • Edward Bisch
    • 06/10/2022

    Money make more no matter the co$t to society

    Whether it was coaching the Sackler family owners of Purdue Pharma and exporting their schemes to other companies while the death toll mushroomed or helping China while they imprisoned a whole minority population the lack of a moral compass is astounding. The curtain has been finally lifted on their EVIL.

    1 personne a trouvé cela utile

    • Global
      2 out of 5 stars
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      3 out of 5 stars
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      2 out of 5 stars
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    • Johnny Bofilios
    • 17/01/2023

    I had to stop reading it

    At first I was intrigued, however half way through the book I realized the author had an agenda and a bias. Every company in this country exists to make a profit. Did McKenzie work for companies that f focused on earnings? Yes, however it’s not the consultant that’s at fault, it’s the company that hired them. If your going to write a business book, I suggest removing cognitive visas, or at least let us know early enough you have a political and biased stance so we
    Know what we are walking into. I can count on one hand how many books I regret purchasing, and this one is in that collection. I fave it two stars because I really liked the preface. I would probably try to find another job vs writing books is my advice to the author.

    • Global
      5 out of 5 stars
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    • Mellatrix
    • 14/01/2023

    Amazing!

    This is a must read. I had no idea that this is the way a firm like McKinsey operated and operates. Great book!

    • Global
      5 out of 5 stars
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      5 out of 5 stars
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    • Robert
    • 13/01/2023

    Gaurd yourselves they are probably not the only ones.

    Great book. “The emperor’s new clothes” “maintenance perceived is maintenance achieved”. Interesting how people pay the strangers from afar.

    • Global
      4 out of 5 stars
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      5 out of 5 stars
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      4 out of 5 stars
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    • Madison
    • 11/01/2023

    Fascinating Insight into Consulting Hegemon

    Author clearly did his research, and succinctly made his case against the consulting giant. Written from the perspective of someone on the left without becoming overwhelmingly political. Good read overall, but remember this is a telling of some of McKinsey's worst moments. As stated in the epilogue, the company has done some good as well.

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    • Global
      2 out of 5 stars
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    • Tabea
    • 19/10/2022

    Highly populist narrative

    I was expecting a more differentiated view on McKinsey & Company. Instead the journalists make far-fetched claims and have a highly populist narrative against the company. Overall I cannot recommend this book.

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    • Global
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    • Utilisateur anonyme
    • 18/12/2022

    New insight, though a bit farfetched

    Interesting insights and a lot of new information, however some of the insights seem a bit farfetched and from my point of view not accurately justified.

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    • Carolina Vidal
    • 13/12/2022

    Sounds like thorough investigative journalism

    Appreciate the thorough investigation and offer of both bigger picture and deeper digging.
    Would be great to get the firm’s chapter by chapter response.