kmguru
Staff member
Inside McKinsey
The world's most prestigious consulting firm helped create Enron's high-risk business model. Some of McKinsey's other clients haven't fared so well, either: Kmart, Swissair, and Global Crossing. And those are just the biggest. Now, the meltdown of so many clients is raising some uncomfortable questions. Did McKinsey's partners, caught up in the euphoria of the late '90s, suffer lapses in judgment? Did the firm stray from its core values? And what accountability does it have for the ideas it brings to a company?
More at Business Week next week....
The world's most prestigious consulting firm helped create Enron's high-risk business model. Some of McKinsey's other clients haven't fared so well, either: Kmart, Swissair, and Global Crossing. And those are just the biggest. Now, the meltdown of so many clients is raising some uncomfortable questions. Did McKinsey's partners, caught up in the euphoria of the late '90s, suffer lapses in judgment? Did the firm stray from its core values? And what accountability does it have for the ideas it brings to a company?
More at Business Week next week....