I got fired from a job as the head mechanic for a trucking company 30 years ago. The CEO said that I wasn't working hard enough. He said that all the previous mechanics were rebuilding engines, transmissions, drive axles, etc all the time and that I wasn't doing that. I wasn't doing all those heavy repairs because the trucks were not breaking, they were all out on the road working. Stupid me, I thought I was there to reduce breakdowns.
So you invested your staff into preventive maintenance , which in itself saved the company on expensive repair bills. And through some twisted logic these consultants told your boss you were expendable. What a bunch of leeches. And your superiors where idiots in taking such advice.
It's the classic case of a person doing their job so well, it appears that they are doing nothing. I'm also curious as to what happens to those sorts of short-sighted companies after they lose their key players
Thanks for this. I'm 60 and have been watching McKinsey destroy companies for most of my career & never get blamed for anything. They are a horrible cancer in our economy.
If McKinsey can't figure it out, the chances are low that other people are going to manage to figure it out. If you call in consultants to save you from a bad situation... It's because it was a bad situation.
@@MariaCarmen-wb7gv Because there is a very much planned narrative behind it. We are controlled by fear and MSM and politicians feed us all the time with thier lies. It is painful to wake up and they know it - but it will soon change....
@@Leto2ndAtreides They don't figure out how to make things better. They figure out how the co can make more money doing whatever unethical thing others would never suggest.
Consultants are usually a sign a company is looking for an excuse to do less than moral things instead of simply listening to their workers on suggestions for improvement.
This is quite true. My one-person company has evolved into a one-person consultency but my clients hire me to do work that they don't know how to do. In some cases my relationship with them is temporary (a few months). I'm hired because they won't need someone for this work again. I'm horrified by firms like McKinsey.
"I am an ex-McKinsey consultant from one of the European offices. All you mention here is absolutely true-and more. When I tried to act as a 'whistleblower,' they shut me down and put a line of silence, delay, and denial around it. I am happy to talk to you if you want to reach out."
@@anotherrandomtexan25 of course it did. And of course they put a tombal stone on this, supported by the indifference of everyone. It is normal. It is McK politics
@@niyaza70mohamed50 Does not surprise me at all. Constant patronizing and harassment and alcoholism, is part of their mission. If you have the guts to survive it, you make it to the next level
I worked for a large competitor of this company. I was a data analyst. They kept trying to fit the data to their conclusions rather than the other way around. They were creepy and exploitative. There were some good people there, but they didn't last long. Most of the people at these places are...not people I'd ever choose to be around again.
People's desire for wealth has created trust issues from the start. Their social standing has nothing to do with their mental capacity to harm others to better themselves.
I have so much love and appreciation for people like you who are bravely exposing what is seldom known to the average person, but negatively impacts humanity. Bravo and keep up the hard work!
CEOs getting paid millions, and STILL they need to hire consulting firms to tell them what to do. You would think that for millions of dollars, a CEO could actually do the job themselves. Why are we paying CEOs so much money? For what?
You make an excellent point. It should be obvious, but I never really thought about it. And don't forget, there's also a board of directors who are experts in their fields. My ex-business partner and I were once hired by the pharmaceutical giant, Scherimg-Pough, in Memphis, Tennessee to make a competitive product to Slimfast. We had a small company in California that made Sports Nutrition products, especially powdered drinks. The first time we flew back to Tennessee, we were both shocked at the unbelievable facilities this company had, and all of its lettered employees. And here they were hiring two guys with a startup company in California to do fairly simple, but creative work they could not accomplish themselves.
According to the video, consulting firms offer business intelligence (it's corporate espionage). It's not about the knowing the best way to do something, it's about countering your opposition. Or from the consulting firm's POV, about playing a bunch of greedy CEOs and government officials against each other for fun and profit.
Deloitte is similar to McKinsey in many ways. Back in 2010 I worked for a bank and they paid Deloitte several million dollars to come in and tell them how to "improve" their business. The employees had been telling the leadership all along what needed to change, but Deloitte came in and said the same things and got a big payday for it. I anonymously had to vent about that one on the company feedback page.
Deloitte, KPMG, EY and PWC are the big 4 in Australia rorting Aussie governments. Absolute scum. Useless flogs. But Executive doesn't listen unless it comes from them.
Status trumps knowledge or action in a screwed up world. Like this one. Unless you have the right status, your actions and knowledge are irrelevant. IF you have the right status, your actions and knowledge can be dead wrong - Covid proved that for me conclusively.
Yes I heard of Blackrock and Vanguard owning every CEO in every company before but never heard of McKinsey prior to this. But then again we heard of Private Equity companies like Bain, Carlyle Group and KKR playing similar tactics as this one and some of us are delayed from responding to this because we heard of similar companies playing the same stuff.
Some of us are delayed from responding to the allegations at McKinsey because in some parts of the country we have to deal with Venture Capitalists playing the same tactics to start up companies here.
"We need to make the glass unfillable and charge the consumer for each one. The markup on new product is greater and your profits will be greater as a result."
I used to be a corporate consultant. My last job dealt with "dead peasant insurance" - a company putting life insurance on their officers and workforce to be paid out to the company, not to the family, as a method of raising capital in the event of death - and that was enough for me. I'm poor now, but at least I have self-respect.
And the bigger picture is the people running the companies that are comfortable with this mindset. Millions of individuals in the southern states vote against their own interests, too, which support these scumbags. You cannot vote one way, and then question when you’re shit on every single day. 😂
YOU and everyone else have *NO* chance. None. If you lack coin, connections, crews, clout, computer code, control, communities, and opportunities, then you ain't NOTHIN'. Yer a zero. No influence. No effect. That's the reality. #copium
You DO realize that the "United States" is a literal Federal Corporation, right? Read US Code Title 28 Subsection 3002 Paragraph 15 if you don't believe me, it's an easy google search, just copy and paste.
Here in Canada McKinsey was being used a lot as well for Government consulting etc. but my understanding is that they are no longer being used by many companies because of the scandals. My wife works for a Crown Corp and they were told last year that McKinsey has been banned from all future consulting.
Of all the countries whom industries like consulting firms concern, I'm left wondering why the US is always last to respond appropriately. It's part of the reason I call the US the "Formerly United Corporations of Kochistan", because of the role of the Koch brothers and their astroturf in funding the malfeasance and manufacturing consent.
@@JJ-vp3bd Deceiving the people into approving something against all of their own best interests, which they would've rejected otherwise. United Statish cable news has been infamous for this since at least the 990s.
I worked at walmart. They hired me part time. Theres a rule if u work more than so many weeks at 36 hours you become full time. I cant remmwber how many weeks it was but what i do remember is that they would work u 40 hrs a week until 1 week shy of that and then cut your hours to 15 or 20 hours a week for a few weeks then back to 40. That way they get to work you almost full time without the benefits. Thanks Mackenzie
I work in government, and I work frequently with consultants. I can tell you that the primary reason that they are used is because if employees or even management have recommendations, neither the public nor elected officials will be willing to accept those recommendations unless they are verified by a consultant. You can be saying for 20 years that a particular change needs to occur and no one will take it seriously, but once a consultant comes in and says the same thing, it's taken as gospel truth. I think the same thing probably happens in private companies as well; shareholders (and CEO's by extension) just won't take action based off of the recommendations of their employees unless a third party comes in and makes the same recommendation. 95% of the time, the consultant will just come up with a report that pretty much says exactly what the organization wanted the report to say.
Problem with hierarchical systems and trust. Governments are basically low quality corporations that never experienced too much pressure to really up their game... More of a generic, monopoly problem.
These consultants from McKinsey often appear to make really stupid decisions. I'm not saying they don't work hard but, we got one in our offices that has made all the work take three times as long. We're massively backlogged now and the industry, as a whole, has never moved more slowly - due to our loss of productivity- of which we are a driver. The Execs are too removed from the work to realize that the advice they were given is essentially poison. Hell, maybe they do know and are trying to tank the company in order to pick over the salvage. Either way, bad experience.
I was a Manager for Walmart for 10 years. On my 10th year I was told my salary had Topped Out and that I would get no more raises. I was then offered the job as a District Manager. Instead of being over one store, I would be responsible for up to 7 stores. If I took the job I would be eligible for raises again. I would take the District Manager job while on my single store manager wage. I asked them if I took the District Manager job would they bump my store manager wage to the District manager wage. Amazingly my current wage as Store Manager was the wage for District Manager. So my wage for one store would now be the wage for seven stores. I said nope and left after 2 weeks. Walmart was shocked I did not accept their forced proposal. A few months later they sent 2 home office suits to interview me and take me out to lunch. I said no need. You told me I could no longet get raises in my current posistion, so I left to be a store manager for another company that does not top out wages. Walmart still uses the wage top out policy to this day. My family member had her salary top out and worked for 7 more years for Walmart with no raises in wage, until she retired. This is a HORRIBLE policy that punishes long term employees.
@@Joyce-v7fSounds like Uber Technologies. Drivers get no increases when costs go up for owning the vehicle, but riders' fares go up with every lawsuit that gets filed against Uber. And that SURGE pricing is outright ridiculous in some cities. Drivers can only make money on surges to recover their losses, say on a Friday night, then Uber penalizes drivers the next night by not giving them rides or giving them rides to known riders who have a pattern of cancelling on their drivers so Uber can keep that cancellation fee. Lyft is no better. It's like they're the same company! Greedy corporations are destroying the middle class plus making everyone "insurance poor." Thank goodness somebody came up with a better way to travel, if having to use an app as a dispatcher to get a ride! HUM Rideshare is allowing drivers to get 100% of fare with NO SURGE PRICING EVER for the RIDER!! Only in AZ right now and will be opening up in Idaho soon, if not already there! Drivers are able to ACT like REAL INDEPENDENT CONTRACTORS on the HUM app. It's Rideshare Done Right!
@@Vacillate-v9e Speaking of raising prices on merchandise; I got to see the mark up and profit margins on each product in my store and it blew my mind. Something that cost Walmart pennies; like 8 cents per item Walmart was selling at $4.97 an item; this was very very common.
The inauguration of '017 proved to me that racketeering has more power in the US than anything that would truly constitute law enforcement. Yet the people in charge wonder why they're so poorly respected.
Because the US has done a great job with creating narratives. Other countries are corrupt but the US and our politicians legislate to make corruption legal, like padding Citizens United. If you dig a little into the so called war on drugs and who actually controls this Industry, you'll be upset.... CIA
It’s amazing how the world has changed in the last 20 years you get more investigative journalism from RUclips then from larger outlets, like TV channels and newspapers and magazines
@@AlejandroTaylorEscribano But whatabout the heartwarming stories? Or reporting on the crimes where everyone involved knows each other - don't you want Americans to feel safe?
@@AlejandroTaylorEscribano I think Arcanondrum is mocking cable news' habits of covering up their ties to their advertising partners by tokenistically mixing in the occasional human interest story or non-random crime.
People only say that about subjects they want to hear about. Plenty of people investigate plenty of things that get met with naysayers, haters, and threats against them. Like how about SA’s in the military, do people love that journalism? Do they even care?! Or SA’s to children?! Do people love that journalism or do people STILL call those people HER FAULTS, attention seekers, Me Too’s, liars, and sluts. Even though actual man of Christ, Derek Prince said back in the 1980’s one in four girls under ten are molested. And one in five boys are. That number is going up. Cause morality is way down. STILL People deny these problems exist. Cause it makes their comfortable lies so uncomfortable. People only seem to like investigative journalism when it’s about how their money is being stolen and something about celebrities. Don’t say people love investigative journalism. In the last decade more investigative journalists have been murdered than any other time in history combined. People hate investigative journalism unless it benefits their entertainment, their potential for money being returned to their class, or for their ego. The REAL investigative journalism is about MORAL DILEMMAS that most people prefer to not get uncomfortable learning about.
When I was in banking we had a term that we were about to be McKinsey’d, layoffs and restructuring. I seldom saw any real benefit other than temporary cost reductions in order to prepare a bank to look good in a merger. Many mergers resulted in back tracking to older, less efficient technologies. I was laid off in one of these but redeployed to a new department. The most destructive change was the elimination of defined benefit pensions. For 19 years of banking, I receive a paltry $200 per month pension when similar public pensions would yield 10-15 times that.
I see now why my conflicts with retail management and corporate IT management began right at the start of the roles, right at the forced surveillance, payroll, and outsourced "benefits" online-only, no-human-contact, onboarding weeks. From Day 1.
THIS piece led off with the guy that ran for President despite the fact that he was Mayor of a Town that doubled in size when college was in session. I've seen some important work done to expose said Mayor. You can watch them as well, you're just 2 clicks away.
Greasing of the palms. A well hidden level of corruption runs everything in these "sophisticated" societies. And creates the opposite of the "prosperity" here, vs what we derisively label the "Third World".
@@ataboiyoive seen that as bot fully true. Game industry has shown that these entities tend to try to hire their own ideologues into corporation and start a coup, as long as they have Communist interests
That the Consultants have "seeded" with the senior management. Really, all you need to do is read up how the ancient (and not so ancient) Assassins on the Silk Road used to work.
I applaud Garrison for stand firm in his beliefs and being willing to speak out against this company’s toxic practices. A big thank you to More Perfect Union for their excellent investigative work.
Reports like this are absolutely critical, while the public is so easily distracted by superficial social and political issues, companies like this fly under the radar and reap havoc, keep up the great work!
Never forget, a business major's greatest aspiration is often to work for a company specifically like this. That isn't a coincidence that these companies cause more damage than good.
@@warnegoodman McKinsey are hypercredentialists, focused primarily on prestige, position, title etc. Only the very best grads and the children of the immensely wealthy end up working there. What those sort of people want for a corporation, government or society isn't necessarily what you or I would want. For example, for the management of a large business in trouble, McKinsey might counsel that it be broken up and its parts sold off. This would make shareholders immensely wealthy, but would be damaging for employment in the area where this business operated. Those people would be better off if the business sought alternative financing, or restructured its business in an attempt to keep operating and keep its staff working.
@@liz_violet every person I know who's ever taken business degree or wanted it, including several family members who actually have are narcissistic horrible people. Just like bosses. I think it really is just the natural order that certain bad personalities are attracted to certain jobs of high power, so naturally things will go horribly. It's just that it takes one good movement to go well to, so things don't go south tooo bad
This and that Blackrock video are my two favorites since subscribing. After doing my own research, I see the dots and connections. Yeah, it needs to change but in the meantime let me update my investment strategies.
The consulting interview preps I’ve observed always end with the same advice : layoffs, close US production, offshore the jobs. Pretty standard advice from consultant kids
They can get away with even more shenanigans if they move the jobs to even more powerless exploited workers over in China, and reap the profits as consulting fees.
@@TheAmericanAmerican Exactly. Under socialist theory, we're supposed to be openly discussing our pay with other workers - to make sure none of us is getting screwed-over.
Whenever I watch these videos I think about how happy I am this stuff is being talked about but I just wish this channel was bigger and more people knew about it. This is one of the few sources I still trust
I recall one of my economics professors saying that many people think that politicians and business leaders ask economists to recommend what should be done.. but what is in fact most often the case is that politicians and business leaders tell economists what will be done and the economists are asked to come up with a report recommending it.
I love when this sort of thing gets revealed. ????? How about doing a story about how food shelves and food banks really work? A lot of people, even food shelf workers, mistakenly believe that large corporations kindly donate their products to food shelves (via the big regional food banks like Second Harvest for redistribution to local food shelves) out of the goodness of their hearts. In reality, what happens is that the Farm Bill provides for an "enhanced" fed tax credit equal to cost + 50% of retail value for items "donated" to food banks. This form of tax credit means the corporate food suppliers actually are getting paid (just like the former child tax credits issued checks) amounts that are probably pretty close to what they would get by selling their products to retailers. The bonus for these corporations is that this is a profitable way to unload products that do not sell and that are close to the sell-by date or even significantly beyond the sell-by date. Some corporations even package products specifically to go to food banks which are heavily processed and filled with cheap unhealthy ingredients no one would choose from a grocery store shelf. Because corporations in this country have a mandate to increase shareholder wealth above all else, unless these companies are actually making a profit from "donating" products, they could actually be sued by their own shareholders. That is why they make sure that every "donation" benefits their bottom line and that is why food shelves are full of unhealthy, heavily processed products with inferior ingredients that contribute to chronic health problems like diabetes, obesity and heart disease, and many are also past their sell-by dates. Let's stop pretending these corporate food giants are being nice to the food insecure and expose what that they are making money off of the most vulnerable members of our population. As an example take a look at the fabulous new Second Harvest food bank building in the Mpls suburb, Brooklyn Center (" A guided tour of Second Harvest Heartland's new Brooklyn Park facility" on YT) that has Cargill, General Mills and Target logos all over it, despite the fact that the MN taxpayers spent over $18 million on this. The fact that these corporations control these food banks is obvious and they are controlling them because it is profitiable for them. Second Harvest makes it sound like there is a lot of fresh wholesome food, but that is NOT the case; it's almost ALL unhealthy processed food. It is NOT the case that over 60% of their product assortment is fresh (lean protein and produce), as they claim. The other catch is that these food bank packages are NOT forwarded to local food shelves free of charge; they have to pay huge delivery fees and the lightest weight, cheapest foods to get delivered are processed foods. The public has a right to know what is really going on with this scheme. At the very least, the government should not be giving these enhanced tax credits unless the products meet health and freshness guidelines.
Right? I'm trying to get a gleening and grow a row program going for our local food bank, and the legalese and regulations that I'm trying to wade through make my brain hurt. Idk if I can make this happen. Because as things stand now, everything collected has to go to a central distribution center, and then will be sent out to smaller local food banks. So everything from either a gleening or grow a row program would have to be collected, driven across my state, and then we might get some back, or we might not. And that's not something my local community is going to be ok with. I could probably convince them that anything extra that our food bank doesn't need should go to areas that don't have as much support. But they want to know that what they collected and grew is going to benefit the family down the road that's struggling, and make sure that the kids that go to school with their own kids are being fed first before sending stuff off for someone else to decide who should get it.
If a Disney park never have a failed ride injury because of adequate maintenance, that child's death after firing the maintenance is on Disney. Since they were warned, it's effectively murder by willful neglect.
I’m sure the logic is, “ cutting maintenance puts money in your pocket now and going forward. Sure, something bad might happen as a result but who cares and that’s in the future and it might not even happen. You’ll save this money forever. And your insurance carrier will have to pay the wrongful death claim when and if it comes. “
@Watamata....Didn't FORD have some kind of deal where they would rather pay for lawsuits from some vehicle that had lots of failures rather than fix the actual problem? FORD believed that it would be cheaper to pay the law suits and fix the vehicles. Talk about COLD-BLOODED!!!
Those of us with a voice would be under threat of lawsuit(s) and could lose our home (at 60 years old). I tried 4 times, through various lawyers and once even directly, to be an SEC whistleblower on insider trading. How naive did I have to be to finally realize that the SEC is like the fox guarding the hen house. I finally just quit a greewashing fraud, and they were so proud to have their CEO at the WEF. Thieves, insider trading, and money laundering. I'm beyond disgusted. And like most lying psychopaths, they got uglier when they realized that I discovered their BS. (It was a retaliatory hostile environment, but good luck proving that.) I signed on for a great paying job, but they only needed me to make these frauds look legitimate. I was hired for a position that didn't exist, for a PRODUCT that didn't exist. I hate corporate America
I've worked for many corporations and government organizations. Only one smaller organization I worked for had any altruism at all. All of the others were focused on profit, power, influence, and doing all around scummy things.
His response speaks so many volumes, because this guy is capable of tap dancing his way out of any corner. I've never seen him so incapable of generating an eloquent response before.
...and now you know why a nobody had MSM giving him so much positive coverage. I voted for Obama BUT he didn't give us single payer, he gave us what Insurance companies wanted. MSM gushed about him as well, didn't tell us much about him as well. Same for Hillary. She had plenty of data to look up for ourselves but what MSM never said was that no one was attending her Rallies yet "somehow" she faced exactly the person that she was set-up to lose against.
I work in consulting. These days I feel like consultings primary purpose to give corporations justification for decisions they were going to do anyway. Consultants just provide a layer of justification for an action but often have little impact over the actual decision being made in the first place
One can dream and hope. However, I think too many people are either overwhelmed by life and all of the systems that have been working against them. Or they are so deeply entrenched in their beliefsystems altered and manipulated by all of the propaganda, believe the opposite of truth and are losing so much energy hating "the other", whichever group of people it may at that time.
White American male chiming in: I have met entirely too many middle class Americans who are incapable of seeing Disney as anything other than a vague cultural simulacra, or worse they’re neck deep in Disney culture. Those people tune me out whenever I try to speak about specific social justice issues - it is the case that I have some success if I mostly listen to them tell me stories about their vacations or family celebrations and wait to point out positive ways that real social justice and human cooperation has benefited them.
This where Pete Buttigieg came from. It's still mysterious to me how a guy goes from this, to mediocre mayor of podunk town, and then directly to national political figure with such quickness. 🤔
Idk if the kid was from McKinsey, but he came to my workplace at a construction firm and every one of us field workers knew he had NEVER been on a construction site after just 3 minutes into his "consulting" speech. Long story short: the company wasted our time and thousands on his utterly useless "services"
Didn't most companies begin with one or two people whom understood what they were doing from the ground up? Somewhere along a companies growth as time and people pass, there will be a disconnect between what is needed and what is wanted.
@@JimboSlice-t5i The problem is people believe really basic and uneducated youtube comments that provide no actual insight to a problem the commenter clearly cant grasp the complexity of. At least in my experience.
Same here in Australia. “Consultancy” firms embed themselves into government and never leave. Some public servants are complicit, who get highly salary job when they leave the public service.
They do suck. Never cross one of their "ring fence" types ("best mates" with the exec) in an a org they operate in - they will make it their mission to have you fired. If a boss is an "alum" think again about that company - the mental attitude never leaves. Never take a job at a place McK or any competitors is "reorganizing", and if you see them arrive find another job ASAP. Life to too short to deal with their shiny but deranged BS ?
The new model will be for Ai to be the new CEO that way the company will not have to shell out money for a human CEO. But you know that’s just going to make the companies richer, not their employees.
I have worked as a consultant. I worked for a company who needed a software developer to build a tool. I work as a software developer. That makes sense as a consultant cost, the company isn't going to hire someone full time for a temporary job, I know enough about my field to make the tools. In what world does someone who has never managed their own company have the skills necessary to teach other people who are managers how to manage?
I don't think they do. Like the piece says, they're just a rationalization service, dressing terrible business decisions in business jargon to legitimize them.
yeah... these are just a bunch of suits who believe that their opinion is worth gold. they have no actual experience in these fields, they just compare to other companies in the same fields that they've consulted for. i'm sure some of them have valuable business degrees but let's be honest, this is one job that has ALREADY been replaced by chatgpt. "hey, ChatGPT, here's my business plan, transactions from the past 5 years, and current workplace hierarchy. How can I increase profits and expand my reach in my industry? How can i expand to other markets?"
Probably isn't as bad as it sounds at face. Most managers have no clue how to manage well, and business schools teach a lot of really wrong stuff. So it doesn't really end up much worse than it would otherwise have been. These companies do shake the tree a bit, though, and cause churn in the leadership ranks. But I have a hard time believing there aren't one or two decent-to-good managers riding the exit wave for every bad one.
I have also worked as a consultant. The thing that stands out for me; you hire a consultant for tasks that your company would not be able to support a long term employee for. In my case designing and modifying tools for production lines. McKinsey... consults for executive decsisions... So it begs the question why does any of their clients have CEO's at all? No less, these are most of the 500 largest buisness in the US hiring McKinsey. The companies with the highest CEO compensation package. And the CEO's are just. Not. They are not. Not working, they are hiring a consultant to wotk for them. And getting paid *more* because if it.
Instead of letting the inflation work itself out… we hiked rates thousands of times higher than they were in the most massive pounding the Fed has ever given an economy. I'm holding a cash position right now, till I'm ready to take advantage of the market and invest around 300k in the crash.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
I had a phone call night before my hip replacement. They needed 5,000.00 deposit on surgery. I said call it off, I don't have 5,000.00!! Call it off? Lose money? Of course they said I could pay it later. I never did. They tried to charge me for a test on old hip. I said, never said a word, I would've said no, not my problem. Didn't pay that either. FIGHT YOUR BILLS!! Refuse!
I hate to admit but I also used the healthcare system and bucked the bill. At 36, I realize how ignorant I was because taxpayers pick up the slack. Real change starts in our local government offices - more stand-up citizens need to get involved.
"We were just following advice." You did it. You should've known better. You get punished. "We were just giving advice." You know the results of the last several times you gave this advice. You did know better. You get punished.
I'm a consultant who is not an MBA grad. We come in to do temporary work so the company doesn't have to hire highly skilled people full time. Demystifying consulting jargon, Model and analysis= use Excel to do simple math with information available to check assumptions. For all the engineers and scientists who are used to complex modeling programs that need a computer cluster, that's not what general consultants do, it's corporate speak.
Thanks for the journalistic editorial piece. More informative and professional than the established institutions of professionals that provide information.
Edward Snowden did a great breakdown in his book Permanent Record on the rise of consultants, particularly those working in government. I have yet to see any consultant that I have had to work with as a city planner that actually created anything new, innovative, or creative. Civil servants do the majority of work and consultants are there for the ride. It's a role meant to suck out government employee value and relevance and, in this respect, I guess that McKinsey succeeded.
As of now, McKinsey & Company has a market value of approximately $113.07 billion. This valuation places McKinsey among the top consulting firms globally, reflecting its strong brand presence and client trust.
"What if you scammed the gov money laundering through crypto, used child labor from africa, indirectly cause inflation, buy out homes the gov forecloses on for dirt cheap, then extort everyone like crazy, and wait for some rich guy to buy all the land at once for a project? Then just didn't give people their check because 'we are understaffed this week'. Oh, also, keep it in the family, we do. Its like crop rotation."
The only time I've worked anywhere that wasn't riddled with corruption was when I started working for myself as a handyman. The larger the company or the institution, the more corrupt. We're pretty much all part of it willingly or not.
The former McKinsey employee offered such critical information for the public. I'm just wondering if perhaps he might consider looking in to the development of worker owned co-ops? Co-ops are democratically run and can offer an alternative to workers and consumers who are tired of being exploited.
I also worked for Disney World in 2001 through my local college and it was called an "internship." Usually during an "internship" you're there to learn something useful, or so we're told. We were brought it, paid for my flight down there, paid for a hotel for a couple nights as I got there early. They brought us into a day long processing thing and sent us to where we were sent to live. We had giant apartment buildings with 4 bedrooms, 2 bathrooms and one big kitchen and one big living room. There were supposed to be 8 people per apartment, but thankfully someone screwed up and it was only me and 3 other guys in our unit so we all had our own bedroom. It worked out for us at least in that regard. We all worked 10 hour days 5 times a week doing some bullshit job for Disney at some random park. We made $5.50 an hour in 2001 as that was standard minimum wage. We also had to pay weekly for our rooms which were 80 bucks per person per week! It was ridiculous and they just took that right off the top. We never even saw it. Come to find out after a couple months, we were paid our $5.50 an hour but since it was through college it was considered a "learning experience" so the state of Florida paid $5 bucks an hour of our wages and Disney paid us a WHOPPING $0.50 an hour! They keep up to 3,000 college students from all over the world there year round. As soon as some leave, a new group is brought in. We were nothing but cheap labor to Disney. I mean seriously it WAS a learning experience. I learned to hate Disney ever since and refuse to have anything to do with them ever again. I went as a kid to the same Disney World and it was cool as a kid if not expensive as f**k for our parents, but as a kid it was cool. Once I learned about the cheap labor practice, I lost any respect I may have ever had for Walt Disney and his shitty little world.
A further book by Mariana Mazzucato called The Big Con, How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies. Also, recommend 'the value of everything' as an excellent overview of corporate capitalism (constantly reference this book and read it multiple times).
It’s funny how as a student of economics I was simultaneously encouraged to go work for McKinsey while learning how much damage they have done to people and our economy.
I'd say an investment management companies like Blackrock and Vanguard have more influence than a consulting firm like McKinsey. Companies hire McKinsey so they conform to the wants and needs of these investment firms who strictly want returns for their investments.
Tech companies don't tolerate McKinsey. Tech companies do a better and honest job at consulting than McKinsey themselves and are steadily losing market share to them.
they will eventually do that. this may exist to draw out information.. one of the insidious functions of "free speech". i am quite sure this info is quite tame comparatively.
When my hubby worked at an oil company in the Netherlands, the company had an intern who just received Masters in BA, a very smart guy. The company hired McKinsey. This guy helped one consultant one time with his work. And the next week other consultants coming to the company were queuing up to get the intern’s consultation. The bosses didn’t even appreciated his brains and didn’t offer him a job, although he was a real value. He was from India.
Consulting business is a big scam. They take solutions to your problems from you, and then sell it back to you for a hefty price. Whenever consulting firms enter your business, they will take even the smallest scrap of information and sell them to your rivals.
McKinsey also has a huge influence because so many of its former employees get high ranking jobs in corporate America. For example the COO of Meta/ Facebook used to work for them
Obama Care was made by McKinsey & Company. I was with McKinsey at the time, not on this assignment but I knew about it. McKinsey takes no blame for the fallout. I left after a couple of years, went on to better and more fulfilling work. McKinsey work will slowly suck out your soul and quickly fill your wallet.
Well, that would be an example of some good work by McKenzie, then. Obamacare isn’t perfect but, especially for its time, it was a pretty ballsy step towards more widely available healthcare
My dad worked for a company named Temco, which became Ling Temco, which became Ling Temco Vought, which became Chance Vought, which I believe became McDonald Douglas. Monopolies.
@blobmonster9494I’ve also dabbled in life insurance and they make it profitable by calling it recovering costs of training and replacement. I doubt the execute on all hourly (though not surprised if it was the case), but some hourly- like if they do something dangerous, especially.
I'm so glad to have found this upload, this journalism about this company, I appreciate the knowledge it has brought. This is one of my favorite comment sections - I hope more people will continue to view this and think about how we are to act as a cohesive and considerate society.
This video is spot on For Consultants to be able to "consult" they need both expertise and experience, so you'd expect these companies to hire middle-aged employees who've spent a decade working in a particular industry in a position of influence. Instead, McKinsey recruits graduates fresh out of university, but also advises senior management irrespective of industry/sector, even they don't have the expertise to consult. Instead, they're employed for other reasons, but mainly to take the blame. A common reason is to justify redudancies. Companies who need an excuse to lay off a lot of employees hire these consultants to advise them that they need to "restructure" and "cut costs", so that when they make people redundant they can claim they're acting under advisement. As an ex who worked for Bain & Co once told me bluntly, "my job is to find a way to fire people".
Yah I have been noticing politicians in Canada caring more about ideas thrown around by corporate consulting than the voters' real needs and the ways which would improve them for the long term. Canada is slowly becoming a country that cares about short term goals. Something that I think fits right into right wing austerity attacks on the left wing.
Worked at a competitor in a back office function for about 2 years. One of our largest clients was the federal government. We also did work with local governments and state governments, as well as large corporations. We need to get rid of these leeches. The companies not only are a plague to our society, the people are miserable human beings who’s entire thought process revolves around “it’s not me so who cares”. By normalizing these smaller actions that “don’t affect them” they normalize destruction of our economy and erode our society. Your outlet did a story on John Deere, please lookup what consulting firm is their main business partner.
About 40 years ago when I was a Civilian Employee of the Federal Government, i was a Department of the Army Management Analyst, which is an efficiency expert, to adjust organizations and manpower. We has a statistical program such as Manpower Staffing Standards, where I attended a 7 week course to tell organizations at our location, what civilian staff they can have based on workload standards. 😊
I got fired from a job as the head mechanic for a trucking company 30 years ago. The CEO said that I wasn't working hard enough. He said that all the previous mechanics were rebuilding engines, transmissions, drive axles, etc all the time and that I wasn't doing that. I wasn't doing all those heavy repairs because the trucks were not breaking, they were all out on the road working. Stupid me, I thought I was there to reduce breakdowns.
So you invested your staff into preventive maintenance , which in itself saved the company on expensive repair bills.
And through some twisted logic these consultants told your boss you were expendable.
What a bunch of leeches. And your superiors where idiots in taking such advice.
It's the classic case of a person doing their job so well, it appears that they are doing nothing. I'm also curious as to what happens to those sorts of short-sighted companies after they lose their key players
How frustrating and moronic is that?
Short sighted is right in their world
And there you are.
Greed and power.
Thanks for this. I'm 60 and have been watching McKinsey destroy companies for most of my career & never get blamed for anything. They are a horrible cancer in our economy.
If McKinsey can't figure it out, the chances are low that other people are going to manage to figure it out.
If you call in consultants to save you from a bad situation... It's because it was a bad situation.
They are part of the criminal network that can not be touched. Until now...their days are counted...
Why are we allowing them to destroy us?
@@MariaCarmen-wb7gv Because there is a very much planned narrative behind it. We are controlled by fear and MSM and politicians feed us all the time with thier lies. It is painful to wake up and they know it - but it will soon change....
@@Leto2ndAtreides They don't figure out how to make things better. They figure out how the co can make more money doing whatever unethical thing others would never suggest.
Consultants are usually a sign a company is looking for an excuse to do less than moral things instead of simply listening to their workers on suggestions for improvement.
This is quite true. My one-person company has evolved into a one-person consultency but my clients hire me to do work that they don't know how to do. In some cases my relationship with them is temporary (a few months). I'm hired because they won't need someone for this work again. I'm horrified by firms like McKinsey.
BINGO
"I am an ex-McKinsey consultant from one of the European offices. All you mention here is absolutely true-and more. When I tried to act as a 'whistleblower,' they shut me down and put a line of silence, delay, and denial around it. I am happy to talk to you if you want to reach out."
Did this get noticed from them or not? Please update us!
@@anotherrandomtexan25 of course it did. And of course they put a tombal stone on this, supported by the indifference of everyone.
It is normal. It is McK politics
@@andreunz they are really into dirty office politics, one of my colleagues went to work for Indian office she suffered a horrible time .
@@niyaza70mohamed50 Does not surprise me at all. Constant patronizing and harassment and alcoholism, is part of their mission. If you have the guts to survive it, you make it to the next level
They were hired by ZF Friedrichshafen and the advise seems to be to fire as many people as possible. It's so sad to watch....
I worked for a large competitor of this company. I was a data analyst. They kept trying to fit the data to their conclusions rather than the other way around. They were creepy and exploitative.
There were some good people there, but they didn't last long. Most of the people at these places are...not people I'd ever choose to be around again.
Psychopath? Manipulators? Liars? Drug dealers are nicer and more honest people than most corporate america
@@Juan_deep at least drug dealers generally support the local economy
@@CubanSpartan they don't you junkie the money goes to Colombia and then Chinese firms
People's desire for wealth has created trust issues from the start. Their social standing has nothing to do with their mental capacity to harm others to better themselves.
That's what the rich do, reverse engineer OUR economy around THEIR wants (as opposed to needs).
I have so much love and appreciation for people like you who are bravely exposing what is seldom known to the average person, but negatively impacts humanity. Bravo and keep up the hard work!
CEOs getting paid millions, and STILL they need to hire consulting firms to tell them what to do. You would think that for millions of dollars, a CEO could actually do the job themselves. Why are we paying CEOs so much money? For what?
Consulting is a fancy name for kick backs.
You make an excellent point. It should be obvious, but I never really thought about it. And don't forget, there's also a board of directors who are experts in their fields.
My ex-business partner and I were once hired by the pharmaceutical giant, Scherimg-Pough, in Memphis, Tennessee to make a competitive product to Slimfast. We had a small company in California that made Sports Nutrition products, especially powdered drinks.
The first time we flew back to Tennessee, we were both shocked at the unbelievable facilities this company had, and all of its lettered employees.
And here they were hiring two guys with a startup company in California to do fairly simple, but creative work they could not accomplish themselves.
CEOs getting paid millions, with consulting firms doing most of their work, and yet being bailed out by the federal government via taxpayer money.
@@mtrest4how do they get kickbacks by organizing layoffs?
According to the video, consulting firms offer business intelligence (it's corporate espionage). It's not about the knowing the best way to do something, it's about countering your opposition. Or from the consulting firm's POV, about playing a bunch of greedy CEOs and government officials against each other for fun and profit.
Deloitte is similar to McKinsey in many ways. Back in 2010 I worked for a bank and they paid Deloitte several million dollars to come in and tell them how to "improve" their business. The employees had been telling the leadership all along what needed to change, but Deloitte came in and said the same things and got a big payday for it. I anonymously had to vent about that one on the company feedback page.
Deloitte, KPMG, EY and PWC are the big 4 in Australia rorting Aussie governments. Absolute scum. Useless flogs. But Executive doesn't listen unless it comes from them.
Also Boos, Allen, Hamilton
Status trumps knowledge or action in a screwed up world. Like this one. Unless you have the right status, your actions and knowledge are irrelevant. IF you have the right status, your actions and knowledge can be dead wrong - Covid proved that for me conclusively.
Yes I heard of Blackrock and Vanguard owning every CEO in every company before but never heard of McKinsey prior to this. But then again we heard of Private Equity companies like Bain, Carlyle Group and KKR playing similar tactics as this one and some of us are delayed from responding to this because we heard of similar companies playing the same stuff.
Some of us are delayed from responding to the allegations at McKinsey because in some parts of the country we have to deal with Venture Capitalists playing the same tactics to start up companies here.
This is what journalism should be, great job. McKinsey has its grasp in the company I work at and layoffs are on the way.
For sure, layoffs coming. I know from experience…
Optimist: The glass is half full.
Pessimist: The glass is half empty.
McKinsey: Use a smaller glass.
"The glass is refillable."
"We need to make the glass unfillable and charge the consumer for each one. The markup on new product is greater and your profits will be greater as a result."
@@tyree9055Planned obsolescence has been around for decades and now applies to everything, including civilization.
Good one! 😂
Comment section winning
I used to be a corporate consultant. My last job dealt with "dead peasant insurance" - a company putting life insurance on their officers and workforce to be paid out to the company, not to the family, as a method of raising capital in the event of death - and that was enough for me. I'm poor now, but at least I have self-respect.
Need laws to prevent third parties from taking out insurance on others without their consent.
😮
That is a freaking horror story 😳
@Sandra-dt4ecyou fell for the propaganda
@Sandra-dt4ecexcept insurance is expensive so most banks now have their own insurance arms… so they make $ both ways.
Im 44 years old and this is my first time hearing about McKinsey. They do an excellent job staying out of the lime light.
We need to clean up corporations. It's clear this company is working against average Americans.
"WE" are not allowed......
And against Canadians too, McKinsey is knee-deep in China-Trudeau connections.
And the bigger picture is the people running the companies that are comfortable with this mindset. Millions of individuals in the southern states vote against their own interests, too, which support these scumbags. You cannot vote one way, and then question when you’re shit on every single day. 😂
YOU and everyone else have *NO* chance. None. If you lack coin, connections, crews, clout, computer code, control, communities, and opportunities, then you ain't NOTHIN'. Yer a zero. No influence. No effect. That's the reality. #copium
You DO realize that the "United States" is a literal Federal Corporation, right? Read US Code Title 28 Subsection 3002 Paragraph 15 if you don't believe me, it's an easy google search, just copy and paste.
Here in Canada McKinsey was being used a lot as well for Government consulting etc. but my understanding is that they are no longer being used by many companies because of the scandals. My wife works for a Crown Corp and they were told last year that McKinsey has been banned from all future consulting.
Of all the countries whom industries like consulting firms concern, I'm left wondering why the US is always last to respond appropriately. It's part of the reason I call the US the "Formerly United Corporations of Kochistan", because of the role of the Koch brothers and their astroturf in funding the malfeasance and manufacturing consent.
How do they manufacture content
@@JJ-vp3bd It's a term for the M.O. by which cable news manipulates people into approving of policies they wouldn't naturally support
@@JJ-vp3bd Deceiving the people into approving something against all of their own best interests, which they would've rejected otherwise. United Statish cable news has been infamous for this since at least the 990s.
The gov probably will hire a gov. Consult to keep every dime.
I worked at walmart. They hired me part time. Theres a rule if u work more than so many weeks at 36 hours you become full time. I cant remmwber how many weeks it was but what i do remember is that they would work u 40 hrs a week until 1 week shy of that and then cut your hours to 15 or 20 hours a week for a few weeks then back to 40. That way they get to work you almost full time without the benefits. Thanks Mackenzie
I work in government, and I work frequently with consultants. I can tell you that the primary reason that they are used is because if employees or even management have recommendations, neither the public nor elected officials will be willing to accept those recommendations unless they are verified by a consultant. You can be saying for 20 years that a particular change needs to occur and no one will take it seriously, but once a consultant comes in and says the same thing, it's taken as gospel truth. I think the same thing probably happens in private companies as well; shareholders (and CEO's by extension) just won't take action based off of the recommendations of their employees unless a third party comes in and makes the same recommendation. 95% of the time, the consultant will just come up with a report that pretty much says exactly what the organization wanted the report to say.
That’s why the whole country needs to unionize in their jobs
Problem with hierarchical systems and trust.
Governments are basically low quality corporations that never experienced too much pressure to really up their game... More of a generic, monopoly problem.
Most of the CONSULTANTS are former employees.
The 'never a profit in your own land' routine.
Americans are socially trained to focus on who is saying something more than what is actually being said.
So, they help corporate leeches be as leechy as possible.
well said!
They realize the actual American dream for their clients. Unattainable by 99.47% of citizens.
Absolutely and that's what we need to say over and over again.
These consultants from McKinsey often appear to make really stupid decisions. I'm not saying they don't work hard but, we got one in our offices that has made all the work take three times as long. We're massively backlogged now and the industry, as a whole, has never moved more slowly - due to our loss of productivity- of which we are a driver. The Execs are too removed from the work to realize that the advice they were given is essentially poison. Hell, maybe they do know and are trying to tank the company in order to pick over the salvage. Either way, bad experience.
@@theprecipiceofreasonSounds like most of these guys are just con artists just out to make a quick buck .
To watch this after the Luigi incident, it just connects even more the dots
I was a Manager for Walmart for 10 years. On my 10th year I was told my salary had Topped Out and that I would get no more raises. I was then offered the job as a District Manager. Instead of being over one store, I would be responsible for up to 7 stores. If I took the job I would be eligible for raises again. I would take the District Manager job while on my single store manager wage. I asked them if I took the District Manager job would they bump my store manager wage to the District manager wage. Amazingly my current wage as Store Manager was the wage for District Manager. So my wage for one store would now be the wage for seven stores. I said nope and left after 2 weeks. Walmart was shocked I did not accept their forced proposal. A few months later they sent 2 home office suits to interview me and take me out to lunch. I said no need. You told me I could no longet get raises in my current posistion, so I left to be a store manager for another company that does not top out wages. Walmart still uses the wage top out policy to this day. My family member had her salary top out and worked for 7 more years for Walmart with no raises in wage, until she retired. This is a HORRIBLE policy that punishes long term employees.
It's all about corporate greed, one that hinges on "maximizing profits" and not one bit concerned about everyone else.
@@Joyce-v7fSounds like Uber Technologies. Drivers get no increases when costs go up for owning the vehicle, but riders' fares go up with every lawsuit that gets filed against Uber. And that SURGE pricing is outright ridiculous in some cities. Drivers can only make money on surges to recover their losses, say on a Friday night, then Uber penalizes drivers the next night by not giving them rides or giving them rides to known riders who have a pattern of cancelling on their drivers so Uber can keep that cancellation fee. Lyft is no better. It's like they're the same company! Greedy corporations are destroying the middle class plus making everyone "insurance poor."
Thank goodness somebody came up with a better way to travel, if having to use an app as a dispatcher to get a ride! HUM Rideshare is allowing drivers to get 100% of fare with NO SURGE PRICING EVER for the RIDER!! Only in AZ right now and will be opening up in Idaho soon, if not already there! Drivers are able to ACT like REAL INDEPENDENT CONTRACTORS on the HUM app. It's Rideshare Done Right!
I hope you don’t still hate the “Demonrats” and thinks that socialism is evil.
They need not raise prices on any merchandise as long as an employee works for the same salary. How does that sound for Walmart ?
@@Vacillate-v9e Speaking of raising prices on merchandise; I got to see the mark up and profit margins on each product in my store and it blew my mind. Something that cost Walmart pennies; like 8 cents per item Walmart was selling at $4.97 an item; this was very very common.
Great reporting. The layers upon layers of corruption in this country is staggering!
Apparently multiple countries and why China is being fucked up in Africa.
The inauguration of '017 proved to me that racketeering has more power in the US than anything that would truly constitute law enforcement. Yet the people in charge wonder why they're so poorly respected.
In the whole world dude. Not just America.
Frightening
To big to fix. Sad!
the fact that this is all legal is a reflection of the value of an american citizen to their government
Greedy government and greedy corporations both
Because the US has done a great job with creating narratives. Other countries are corrupt but the US and our politicians legislate to make corruption legal, like padding Citizens United. If you dig a little into the so called war on drugs and who actually controls this Industry, you'll be upset.... CIA
Love seeing real investigative journalism
It’s amazing how the world has changed in the last 20 years you get more investigative journalism from RUclips then from larger outlets, like TV channels and newspapers and magazines
@@AlejandroTaylorEscribano But whatabout the heartwarming stories? Or reporting on the crimes where everyone involved knows each other - don't you want Americans to feel safe?
@@arcanondrum6543 I don’t understand what you mean.
@@AlejandroTaylorEscribano I think Arcanondrum is mocking cable news' habits of covering up their ties to their advertising partners by tokenistically mixing in the occasional human interest story or non-random crime.
People only say that about subjects they want to hear about. Plenty of people investigate plenty of things that get met with naysayers, haters, and threats against them.
Like how about SA’s in the military, do people love that journalism? Do they even care?!
Or SA’s to children?!
Do people love that journalism or do people STILL call those people HER FAULTS, attention seekers, Me Too’s, liars, and sluts.
Even though actual man of Christ, Derek Prince said back in the 1980’s one in four girls under ten are molested. And one in five boys are. That number is going up. Cause morality is way down. STILL People deny these problems exist.
Cause it makes their comfortable lies so uncomfortable.
People only seem to like investigative journalism when it’s about how their money is being stolen and something about celebrities.
Don’t say people love investigative journalism.
In the last decade more investigative journalists have been murdered than any other time in history combined.
People hate investigative journalism unless it benefits their entertainment, their potential for money being returned to their class, or for their ego.
The REAL investigative journalism is about MORAL DILEMMAS that most people prefer to not get uncomfortable learning about.
When I was in banking we had a term that we were about to be McKinsey’d, layoffs and restructuring. I seldom saw any real benefit other than temporary cost reductions in order to prepare a bank to look good in a merger. Many mergers resulted in back tracking to older, less efficient technologies. I was laid off in one of these but redeployed to a new department. The most destructive change was the elimination of defined benefit pensions. For 19 years of banking, I receive a paltry $200 per month pension when similar public pensions would yield 10-15 times that.
I see now why my conflicts with retail management and corporate IT management began right at the start of the roles, right at the forced surveillance, payroll, and outsourced "benefits" online-only, no-human-contact, onboarding weeks.
From Day 1.
John Oliver did a piece on McKinsey. It's worth looking up.
It's one of the most shameful audiences I've ever seen. Everyone was in disgust with that company at every revelation.
LOL I WAS LIKE I HAVE HEARD THIS BEFORE LOL YES DO RECOMMEND TO WATCH THE JOHN OLIVER EPISODE ALSO
This one goes a lot harder on McKinsey.
THIS piece led off with the guy that ran for President despite the fact that he was Mayor of a Town that doubled in size when college was in session. I've seen some important work done to expose said Mayor. You can watch them as well, you're just 2 clicks away.
It's one of his best episodes
Consultants are generally hired to come up with the solution that management already wants.
This.
Greasing of the palms.
A well hidden level of corruption runs everything in these "sophisticated" societies.
And creates the opposite of the "prosperity" here, vs what we derisively label the "Third World".
Consultants are professional scapegoats. That’s all.
@@ataboiyoive seen that as bot fully true. Game industry has shown that these entities tend to try to hire their own ideologues into corporation and start a coup, as long as they have Communist interests
That the Consultants have "seeded" with the senior management. Really, all you need to do is read up how the ancient (and not so ancient) Assassins on the Silk Road used to work.
I applaud Garrison for stand firm in his beliefs and being willing to speak out against this company’s toxic practices. A big thank you to More Perfect Union for their excellent investigative work.
Reports like this are absolutely critical, while the public is so easily distracted by superficial social and political issues, companies like this fly under the radar and reap havoc, keep up the great work!
Just like Black Rock, Yum! Brand and Koch Industries.
Never forget, a business major's greatest aspiration is often to work for a company specifically like this. That isn't a coincidence that these companies cause more damage than good.
what do you mean?
@@warnegoodman McKinsey are hypercredentialists, focused primarily on prestige, position, title etc. Only the very best grads and the children of the immensely wealthy end up working there. What those sort of people want for a corporation, government or society isn't necessarily what you or I would want. For example, for the management of a large business in trouble, McKinsey might counsel that it be broken up and its parts sold off. This would make shareholders immensely wealthy, but would be damaging for employment in the area where this business operated. Those people would be better off if the business sought alternative financing, or restructured its business in an attempt to keep operating and keep its staff working.
@@warnegoodman you get more money outta making the world worse over making anything better nowadays -_-
@@liz_violet every person I know who's ever taken business degree or wanted it, including several family members who actually have are narcissistic horrible people. Just like bosses.
I think it really is just the natural order that certain bad personalities are attracted to certain jobs of high power, so naturally things will go horribly. It's just that it takes one good movement to go well to, so things don't go south tooo bad
What do you mean that isn't a coincidence?
This and that Blackrock video are my two favorites since subscribing. After doing my own research, I see the dots and connections. Yeah, it needs to change but in the meantime let me update my investment strategies.
Yep..was looking for someone to mention Blackrock..
The consulting interview preps I’ve observed always end with the same advice : layoffs, close US production, offshore the jobs. Pretty standard advice from consultant kids
They send kids to do a man’s job.
They can get away with even more shenanigans if they move the jobs to even more powerless exploited workers over in China, and reap the profits as consulting fees.
Never ask
a man his salary
a woman her age
what a McKinsey consultant was doing with that pharma company
That saying is so cringe. ALWAYS ask EVERY man what his salary is so that we all know if we are being screwed over by upper management!
@@TheAmericanAmerican
Exactly.
Under socialist theory, we're supposed to be openly discussing our pay with other workers - to make sure none of us is getting screwed-over.
Whenever I watch these videos I think about how happy I am this stuff is being talked about but I just wish this channel was bigger and more people knew about it. This is one of the few sources I still trust
I recall one of my economics professors saying that many people think that politicians and business leaders ask economists to recommend what should be done.. but what is in fact most often the case is that politicians and business leaders tell economists what will be done and the economists are asked to come up with a report recommending it.
There how people make most of their decisions, not just businesses and govt. Post-hoc rationalisation
I love when this sort of thing gets revealed.
????? How about doing a story about how food shelves and food banks really work? A lot of people, even food shelf workers, mistakenly believe that large corporations kindly donate their products to food shelves (via the big regional food banks like Second Harvest for redistribution to local food shelves) out of the goodness of their hearts. In reality, what happens is that the Farm Bill provides for an "enhanced" fed tax credit equal to cost + 50% of retail value for items "donated" to food banks. This form of tax credit means the corporate food suppliers actually are getting paid (just like the former child tax credits issued checks) amounts that are probably pretty close to what they would get by selling their products to retailers. The bonus for these corporations is that this is a profitable way to unload products that do not sell and that are close to the sell-by date or even significantly beyond the sell-by date. Some corporations even package products specifically to go to food banks which are heavily processed and filled with cheap unhealthy ingredients no one would choose from a grocery store shelf.
Because corporations in this country have a mandate to increase shareholder wealth above all else, unless these companies are actually making a profit from "donating" products, they could actually be sued by their own shareholders. That is why they make sure that every "donation" benefits their bottom line and that is why food shelves are full of unhealthy, heavily processed products with inferior ingredients that contribute to chronic health problems like diabetes, obesity and heart disease, and many are also past their sell-by dates.
Let's stop pretending these corporate food giants are being nice to the food insecure and expose what that they are making money off of the most vulnerable members of our population.
As an example take a look at the fabulous new Second Harvest food bank building in the Mpls suburb, Brooklyn Center (" A guided tour of Second Harvest Heartland's new Brooklyn Park facility" on YT) that has Cargill, General Mills and Target logos all over it, despite the fact that the MN taxpayers spent over $18 million on this. The fact that these corporations control these food banks is obvious and they are controlling them because it is profitiable for them. Second Harvest makes it sound like there is a lot of fresh wholesome food, but that is NOT the case; it's almost ALL unhealthy processed food. It is NOT the case that over 60% of their product assortment is fresh (lean protein and produce), as they claim.
The other catch is that these food bank packages are NOT forwarded to local food shelves free of charge; they have to pay huge delivery fees and the lightest weight, cheapest foods to get delivered are processed foods.
The public has a right to know what is really going on with this scheme.
At the very least, the government should not be giving these enhanced tax credits unless the products meet health and freshness guidelines.
..... 🤦😩😡
Food banks are full of 90% poison. Better off starving than eating that garbage.
Seems like you did the investigation already 😂
Thank you for this comment, I'll try to keep it in mind and spread the word as best I can
Right? I'm trying to get a gleening and grow a row program going for our local food bank, and the legalese and regulations that I'm trying to wade through make my brain hurt. Idk if I can make this happen.
Because as things stand now, everything collected has to go to a central distribution center, and then will be sent out to smaller local food banks. So everything from either a gleening or grow a row program would have to be collected, driven across my state, and then we might get some back, or we might not. And that's not something my local community is going to be ok with.
I could probably convince them that anything extra that our food bank doesn't need should go to areas that don't have as much support. But they want to know that what they collected and grew is going to benefit the family down the road that's struggling, and make sure that the kids that go to school with their own kids are being fed first before sending stuff off for someone else to decide who should get it.
Consultants? No. Co-conspirators and accessories.
This whole company is a RICO violation.
If a Disney park never have a failed ride injury because of adequate maintenance, that child's death after firing the maintenance is on Disney. Since they were warned, it's effectively murder by willful neglect.
I’m sure the logic is, “ cutting maintenance puts money in your pocket now and going forward. Sure, something bad might happen as a result but who cares and that’s in the future and it might not even happen. You’ll save this money forever. And your insurance carrier will have to pay the wrongful death claim when and if it comes. “
@Watamata....Didn't FORD have some kind of deal where they would rather pay for lawsuits from some vehicle that had lots of failures rather than fix the actual problem? FORD believed that it would be cheaper to pay the law suits and fix the vehicles. Talk about COLD-BLOODED!!!
@@jtc1947 Ford tractors denied lack of foot rests was a danger of falling off model 9N Subsequent model 8N had foot rests standard.
@@barneycarparts Thanks for Your INFO. The article that I read concerned some car ( maybe a Pinto?) Si that what brought about UNSAFE AT ANY SPEED?
@@jtc1947 As I Remember that was the Chevy Corvair. Ralph Nader testified before congress and wrote a book about it called "UNSAFE AT ANY SPEED"
This is what people need to be talking about, we need more voices like this.
MSM won't touch these stories exposing corporate malfeasance and greed. It's such a joke when right wingers call MSM "radical leftist".
Those of us with a voice would be under threat of lawsuit(s) and could lose our home (at 60 years old). I tried 4 times, through various lawyers and once even directly, to be an SEC whistleblower on insider trading. How naive did I have to be to finally realize that the SEC is like the fox guarding the hen house.
I finally just quit a greewashing fraud, and they were so proud to have their CEO at the WEF. Thieves, insider trading, and money laundering. I'm beyond disgusted. And like most lying psychopaths, they got uglier when they realized that I discovered their BS. (It was a retaliatory hostile environment, but good luck proving that.)
I signed on for a great paying job, but they only needed me to make these frauds look legitimate. I was hired for a position that didn't exist, for a PRODUCT that didn't exist. I hate corporate America
Be the change you seek. There is no "we". God gave everyone FREE WILL. So you must make your own choice to take action or do nothing.
Millionaires and CEO's pushing normal working people into a corner, this can't keep going
“You worked for a company that was fixing bread prices” is such a cold line. Mayo Pete puckered up REAL quick
I've worked for many corporations and government organizations. Only one smaller organization I worked for had any altruism at all. All of the others were focused on profit, power, influence, and doing all around scummy things.
You need to watch that again. That's not at ALL what he said. He covered his ass like an attorney.
oh come on he did a fine job that was pretty funny
His response speaks so many volumes, because this guy is capable of tap dancing his way out of any corner. I've never seen him so incapable of generating an eloquent response before.
...and now you know why a nobody had MSM giving him so much positive coverage.
I voted for Obama BUT he didn't give us single payer, he gave us what Insurance companies wanted. MSM gushed about him as well, didn't tell us much about him as well. Same for Hillary. She had plenty of data to look up for ourselves but what MSM never said was that no one was attending her Rallies yet "somehow" she faced exactly the person that she was set-up to lose against.
Is Boeing a McKinsey customer?
If not I bet they soon will be.
I hope this is a rhetorical question. Of course they are.
Probably that or another big consultancy group
@@nlysts willing to bet Deloitte, KPMG or PWC.
Boeing is indeed a Deloitte client and has been for years.
These businesses need to be brought to justice for all the damage they've done!!
If that is how you feel then do something about it. Otherwise you are just virtue signaling.
If YOU expect change, YOU NEED TO CHANGE.
I work in consulting. These days I feel like consultings primary purpose to give corporations justification for decisions they were going to do anyway. Consultants just provide a layer of justification for an action but often have little impact over the actual decision being made in the first place
That's what consulting's always been.
Need to sway those stockholders.
How often do the consultants get involved in decision-making that is often bad for the everyday worker is it like 90%, what do you guys think
Didn’t make it any less nauseating for me
Governments hire consultants for plausible deniability. Prolly Use AI for worst outcome for opponents.
Journalism like this is gonna have people revolting
One can dream and hope. However, I think too many people are either overwhelmed by life and all of the systems that have been working against them. Or they are so deeply entrenched in their beliefsystems altered and manipulated by all of the propaganda, believe the opposite of truth and are losing so much energy hating "the other", whichever group of people it may at that time.
Not enough people know about it. And some actually support it because they think it will benefit them.
And yes but sometimes this gets dismissed as "Conspiracy Theories" like this.
White American male chiming in: I have met entirely too many middle class Americans who are incapable of seeing Disney as anything other than a vague cultural simulacra, or worse they’re neck deep in Disney culture. Those people tune me out whenever I try to speak about specific social justice issues - it is the case that I have some success if I mostly listen to them tell me stories about their vacations or family celebrations and wait to point out positive ways that real social justice and human cooperation has benefited them.
To be fair, your average American is already pretty revolting. 🥁
One of the best videos this channel has produced so far!❤
In Germany they have two workers representatives on any company executive board.
Those two board workers can be bought off, just like our government/mafia controlled unions in the USA.
That's because Germany is a first world country
@@thecianinator 😬
@@thecianinatorthat's why Germany is doing worse than they used to
It is called Social Contract, Martun321. Between management and workers. All stakeholders. And shame on you for being such a management proxie.
This where Pete Buttigieg came from. It's still mysterious to me how a guy goes from this, to mediocre mayor of podunk town, and then directly to national political figure with such quickness. 🤔
Nah, you know exactly how it happened. He made connections with these reptiles.
Who you know, what you will do for them in return for what they will do for you and the power of a slickly controlled narrative.
@@matthewcaldwell8100 bread by them
He worked drug interdiction in northern Afghanistan.
It takes only three letters of the alphabet to explain it all.
This is a great channel! I'm glad I ran into y'all. I've seen a BUNCH of your videos already. They're EXCELLENT!
Idk if the kid was from McKinsey, but he came to my workplace at a construction firm and every one of us field workers knew he had NEVER been on a construction site after just 3 minutes into his "consulting" speech. Long story short: the company wasted our time and thousands on his utterly useless "services"
Didn't most companies begin with one or two people whom understood what they were doing from the ground up? Somewhere along a companies growth as time and people pass, there will be a disconnect between what is needed and what is wanted.
Its a billion dollar company. How stupid to act like its some startup
Have you done a story about Gov Abbott’s push to privatize education - vouchers- in TX w/ funding by west TX billionaires.
It's amazing how the lack of morals in corporations just keeps getting worse.
Anything humans run end up that way.
despite business ethics being taught in business schools now
@@michaelkostiw1479Yeah everybody's got a degree now and everything's gotten significantly worse since.
Hmmm I wonder what the problem could be.
@@JimboSlice-t5i The democrat party destroyed the family.
@@JimboSlice-t5i The problem is people believe really basic and uneducated youtube comments that provide no actual insight to a problem the commenter clearly cant grasp the complexity of.
At least in my experience.
Same here in Australia. “Consultancy” firms embed themselves into government and never leave. Some public servants are complicit, who get highly salary job when they leave the public service.
They do suck. Never cross one of their "ring fence" types ("best mates" with the exec) in an a org they operate in - they will make it their mission to have you fired. If a boss is an "alum" think again about that company - the mental attitude never leaves. Never take a job at a place McK or any competitors is "reorganizing", and if you see them arrive find another job ASAP. Life to too short to deal with their shiny but deranged BS ?
Best journalism I have seen in I can't even remember how long! I'm not used to journalism even existing anymore. Thank you!
I spent a brief few years in the 90s as a management consultant and I saw first-hand the reciprocal CYA between executives and consultants.
We need more journalism like this
The new model will be for Ai to be the new CEO that way the company will not have to shell out money for a human CEO. But you know that’s just going to make the companies richer, not their employees.
THIS YOUNG LADY IS A TRUE JOURNALISTS ‼️
someone I know quit McK after a few months and he basically just had this to say: "they add nothing to the society so I went my own way"
Correction of US economy and society starts with shutting down McKinsey
I have worked as a consultant. I worked for a company who needed a software developer to build a tool. I work as a software developer. That makes sense as a consultant cost, the company isn't going to hire someone full time for a temporary job, I know enough about my field to make the tools.
In what world does someone who has never managed their own company have the skills necessary to teach other people who are managers how to manage?
I don't think they do. Like the piece says, they're just a rationalization service, dressing terrible business decisions in business jargon to legitimize them.
yeah... these are just a bunch of suits who believe that their opinion is worth gold. they have no actual experience in these fields, they just compare to other companies in the same fields that they've consulted for. i'm sure some of them have valuable business degrees but let's be honest, this is one job that has ALREADY been replaced by chatgpt. "hey, ChatGPT, here's my business plan, transactions from the past 5 years, and current workplace hierarchy. How can I increase profits and expand my reach in my industry? How can i expand to other markets?"
Probably isn't as bad as it sounds at face. Most managers have no clue how to manage well, and business schools teach a lot of really wrong stuff. So it doesn't really end up much worse than it would otherwise have been. These companies do shake the tree a bit, though, and cause churn in the leadership ranks. But I have a hard time believing there aren't one or two decent-to-good managers riding the exit wave for every bad one.
when the people managing don't know how to manage or when the CEO needs someone to blame if the board starts asking questions
I have also worked as a consultant. The thing that stands out for me; you hire a consultant for tasks that your company would not be able to support a long term employee for. In my case designing and modifying tools for production lines.
McKinsey... consults for executive decsisions... So it begs the question why does any of their clients have CEO's at all? No less, these are most of the 500 largest buisness in the US hiring McKinsey. The companies with the highest CEO compensation package.
And the CEO's are just. Not. They are not. Not working, they are hiring a consultant to wotk for them. And getting paid *more* because if it.
Instead of letting the inflation work itself out… we hiked rates thousands of times higher than they were in the most massive pounding the Fed has ever given an economy. I'm holding a cash position right now, till I'm ready to take advantage of the market and invest around 300k in the crash.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
McKinsey is also listed on The World Economic Forum partners list.
@@Tarantula-hawk we do
Tans all ya need to know then 😂
I had a phone call night before my hip replacement. They needed 5,000.00 deposit on surgery. I said call it off, I don't have 5,000.00!! Call it off? Lose money? Of course they said I could pay it later. I never did. They tried to charge me for a test on old hip. I said, never said a word, I would've said no, not my problem. Didn't pay that either. FIGHT YOUR BILLS!! Refuse!
When was this? Where was this? I guess you didn’t(don’t ?) have insurance?
I hate to admit but I also used the healthcare system and bucked the bill. At 36, I realize how ignorant I was because taxpayers pick up the slack. Real change starts in our local government offices - more stand-up citizens need to get involved.
@@itskeagan3004dude… in literally every other western democracy, the taxpayers foot the bill. It’s called HEALTHCARE.
Money is power. Take away money and power evaporates
@@cleft_3000 people should pay for their healthcare, that was my point.
That's why we need investigative Journalist like Yourself!
"We were just following advice." You did it. You should've known better. You get punished.
"We were just giving advice." You know the results of the last several times you gave this advice. You did know better. You get punished.
They all want someone else to blame, and will pay a lot for a fall guy!
I'm a consultant who is not an MBA grad. We come in to do temporary work so the company doesn't have to hire highly skilled people full time. Demystifying consulting jargon, Model and analysis= use Excel to do simple math with information available to check assumptions. For all the engineers and scientists who are used to complex modeling programs that need a computer cluster, that's not what general consultants do, it's corporate speak.
Thanks for the journalistic editorial piece. More informative and professional than the established institutions of professionals that provide information.
Mc Kinsey plays on both sides like mercenaries
Yah it is like if you have the same consultant for multiple competitors that consultant is basically a capitalist mercenary.
@@nicklang7670 👍👍👍👍
Patrick Wood ruclips.net/video/e-6Sypxk5mo/видео.html
Pirates.
nah, pirates have more honor than this
Edward Snowden did a great breakdown in his book Permanent Record on the rise of consultants, particularly those working in government. I have yet to see any consultant that I have had to work with as a city planner that actually created anything new, innovative, or creative. Civil servants do the majority of work and consultants are there for the ride. It's a role meant to suck out government employee value and relevance and, in this respect, I guess that McKinsey succeeded.
As of now, McKinsey & Company has a market value of approximately $113.07 billion. This valuation places McKinsey among the top consulting firms globally, reflecting its strong brand presence and client trust.
insane. "what if you just didn't do basic safety measures? you would save so much money!!"
watch fight club, Im sure it was all McKinsey's idea to not do the recalls.
"What if you scammed the gov money laundering through crypto, used child labor from africa, indirectly cause inflation, buy out homes the gov forecloses on for dirt cheap, then extort everyone like crazy, and wait for some rich guy to buy all the land at once for a project? Then just didn't give people their check because 'we are understaffed this week'. Oh, also, keep it in the family, we do. Its like crop rotation."
They got to so much money by being an ass. Just by stopping being an ass they will lose most of their money.
How can I find a list of McKinsey's clients so I can boycott every company they have ever offered consulting to
That will be every ultra large company that runs this country. Your only way is to strictly use local businesses
I was going to suggest going off-grid.
Don't forget all the governments who get bills from McKinsey too, they're everywhere.
You might have to leave your own country, not kidding.
@@chachacameland the locals buy big companies products
McKinsey reminds me of Milton, Chadwick and Waters Lawfirm in The Devils Advocate...And Milton's whole philosophy of 'temptation'.
The only time I've worked anywhere that wasn't riddled with corruption was when I started working for myself as a handyman. The larger the company or the institution, the more corrupt. We're pretty much all part of it willingly or not.
The former McKinsey employee offered such critical information for the public. I'm just wondering if perhaps he might consider looking in to the development of worker owned co-ops? Co-ops are democratically run and can offer an alternative to workers and consumers who are tired of being exploited.
The former McKinsey employee needs to hide somewhere in a similar format like Edward Snowden and Julian Assaunge had to do.
This was the point of Unions and we see how that went. Want to ruin a plan - add money.
@@blogdesign7126 lol
I also worked for Disney World in 2001 through my local college and it was called an "internship." Usually during an "internship" you're there to learn something useful, or so we're told. We were brought it, paid for my flight down there, paid for a hotel for a couple nights as I got there early. They brought us into a day long processing thing and sent us to where we were sent to live. We had giant apartment buildings with 4 bedrooms, 2 bathrooms and one big kitchen and one big living room. There were supposed to be 8 people per apartment, but thankfully someone screwed up and it was only me and 3 other guys in our unit so we all had our own bedroom. It worked out for us at least in that regard. We all worked 10 hour days 5 times a week doing some bullshit job for Disney at some random park. We made $5.50 an hour in 2001 as that was standard minimum wage. We also had to pay weekly for our rooms which were 80 bucks per person per week! It was ridiculous and they just took that right off the top. We never even saw it. Come to find out after a couple months, we were paid our $5.50 an hour but since it was through college it was considered a "learning experience" so the state of Florida paid $5 bucks an hour of our wages and Disney paid us a WHOPPING $0.50 an hour! They keep up to 3,000 college students from all over the world there year round. As soon as some leave, a new group is brought in. We were nothing but cheap labor to Disney. I mean seriously it WAS a learning experience. I learned to hate Disney ever since and refuse to have anything to do with them ever again. I went as a kid to the same Disney World and it was cool as a kid if not expensive as f**k for our parents, but as a kid it was cool. Once I learned about the cheap labor practice, I lost any respect I may have ever had for Walt Disney and his shitty little world.
Was a nurse for 1 year and then I realized how much our system is broken and got out, never been happier in life
And this is why things keep getting worse. Because all the "good people" give up and quit, leaving only corrupted evil people to remain.
I let my CNA certification expire for the same reason. I can do more good as an educated layman.
@@Fishy-i2g Tells you more about the system
Thank you for calling out Buttigieg, people aren’t as hard on him as is needed
@Matthew...Pardon my confusion, but where does PETE show up in this vid? Pls advise when HE was a consultant? Serious question??
@@jtc1947He shows up at 1:00, and from a quick search it appears he worked for McKinsey from 2007-2010.
@@jtc1947 In the beginning of the film. I don't think they mentioned his name, but that was him.
@@Beverly-z4t Thanks for info maybe slow it down and re-look??
He doesn't work for them. He found out what they did and he left the firm.
You're missing the point of the current problem
The only shocking thing about all this is how long it took for THIS INSTANCE of human greed to come to light
A further book by Mariana Mazzucato called The Big Con, How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies.
Also, recommend 'the value of everything' as an excellent overview of corporate capitalism (constantly reference this book and read it multiple times).
@grantbeerling4396 Thanks! Noting both down
It’s funny how as a student of economics I was simultaneously encouraged to go work for McKinsey while learning how much damage they have done to people and our economy.
I'd say an investment management companies like Blackrock and Vanguard have more influence than a consulting firm like McKinsey. Companies hire McKinsey so they conform to the wants and needs of these investment firms who strictly want returns for their investments.
I’m surprised RUclips (most likely consulted by McKinsey) let you show this content; great job on it too.
Tech companies don't tolerate McKinsey. Tech companies do a better and honest job at consulting than McKinsey themselves and are steadily losing market share to them.
they will eventually do that. this may exist to draw out information.. one of the insidious functions of "free speech". i am quite sure this info is quite tame comparatively.
When my hubby worked at an oil company in the Netherlands, the company had an intern who just received Masters in BA, a very smart guy. The company hired McKinsey. This guy helped one consultant one time with his work. And the next week other consultants coming to the company were queuing up to get the intern’s consultation.
The bosses didn’t even appreciated his brains and didn’t offer him a job, although he was a real value. He was from India.
I hope this guy really knows his worth. Those actions show it. Screw corporations…
Consulting business is a big scam.
They take solutions to your problems from you, and then sell it back to you for a hefty price.
Whenever consulting firms enter your business, they will take even the smallest scrap of information and sell them to your rivals.
Totally true!
McKinsey also has a huge influence because so many of its former employees get high ranking jobs in corporate America. For example the COO of Meta/ Facebook used to work for them
Obama Care was made by McKinsey & Company. I was with McKinsey at the time, not on this assignment but I knew about it. McKinsey takes no blame for the fallout. I left after a couple of years, went on to better and more fulfilling work. McKinsey work will slowly suck out your soul and quickly fill your wallet.
Well, that would be an example of some good work by McKenzie, then. Obamacare isn’t perfect but, especially for its time, it was a pretty ballsy step towards more widely available healthcare
This has quickly become one of my favorite channels.❤
My dad worked for a company named Temco, which became Ling Temco, which became Ling Temco Vought, which became Chance Vought, which I believe became McDonald Douglas. Monopolies.
I worked with them 40 years ago and they haven't changed a bit.
Did anything in this video stand out to you?
This channel and the work of this team is fucking golden.
Walmart also gets life insurance on their employees, so if they die Walmart gets paid.
@blobmonster9494Actually this applies to frontline hourly workers too. “Dead Peasant Insurance” is what it’s called.
Sooo gross companies can do this and give nothing to the families- even if they die because of the job.
@blobmonster9494I’ve also dabbled in life insurance and they make it profitable by calling it recovering costs of training and replacement.
I doubt the execute on all hourly (though not surprised if it was the case), but some hourly- like if they do something dangerous, especially.
@@MoonFairy929 It is only possible because the citizens tolerate it.
Why the hell did this video completely leave out the ALLSTATE McKinsey papers???????
This was one of the biggest scandals out there.
Honestly, there’s so much.
And yeah. All but ruined All State
Well now I am looking this up thank you for the info, perhaps they didn't know, maybe now they will like I do now.
I'm so glad to have found this upload, this journalism about this company, I appreciate the knowledge it has brought. This is one of my favorite comment sections - I hope more people will continue to view this and think about how we are to act as a cohesive and considerate society.
This video is spot on
For Consultants to be able to "consult" they need both expertise and experience, so you'd expect these companies to hire middle-aged employees who've spent a decade working in a particular industry in a position of influence.
Instead, McKinsey recruits graduates fresh out of university, but also advises senior management irrespective of industry/sector, even they don't have the expertise to consult.
Instead, they're employed for other reasons, but mainly to take the blame.
A common reason is to justify redudancies. Companies who need an excuse to lay off a lot of employees hire these consultants to advise them that they need to "restructure" and "cut costs", so that when they make people redundant they can claim they're acting under advisement.
As an ex who worked for Bain & Co once told me bluntly, "my job is to find a way to fire people".
Add Canada to the list. I hear their name being thrown around by MPs in parliament.
Indeed Legault here in Québec love them a lot...
@@Evilslayer73 Same with Trudeau and Freeland
Yah I have been noticing politicians in Canada caring more about ideas thrown around by corporate consulting than the voters' real needs and the ways which would improve them for the long term. Canada is slowly becoming a country that cares about short term goals. Something that I think fits right into right wing austerity attacks on the left wing.
@@nicklang7670 McKinsey told the liberals that Canada needs 100Million people or the boomers wont have any slaves in retirement
Sorry to hear. The capitalism exported from the United States is a malevolent destructive cancer on the planet.
Worked at a competitor in a back office function for about 2 years. One of our largest clients was the federal government. We also did work with local governments and state governments, as well as large corporations.
We need to get rid of these leeches. The companies not only are a plague to our society, the people are miserable human beings who’s entire thought process revolves around “it’s not me so who cares”.
By normalizing these smaller actions that “don’t affect them” they normalize destruction of our economy and erode our society. Your outlet did a story on John Deere, please lookup what consulting firm is their main business partner.
About 40 years ago when I was a
Civilian Employee of the Federal
Government, i was a Department
of the Army Management Analyst,
which is an efficiency expert, to
adjust organizations and manpower.
We has a statistical program such
as Manpower Staffing Standards,
where I attended a 7 week course
to tell organizations at our location,
what civilian staff they can have
based on workload standards. 😊
Mackenzie would remove costco rotisserie chicken lol
😂😂
Misspelling "McKinsey" when it's literally right in your face is wild 😂
Mackenzie ia a presbiterian university in São Paulo, Brazil. Mc Kinsey is a firm filled with yes men and women.
This country will never recover from the greed and dishonesty at the root of our culture. We need to change.
If a company provides ‘consulting services’, be afraid. McKinsey, Deloitte…
Parsons "engineering"