69 min listen
Walt Bogdanich and Michael Forsythe, "When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm" (Doubleday, 2022…
Walt Bogdanich and Michael Forsythe, "When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm" (Doubleday, 2022…
ratings:
Length:
35 minutes
Released:
Dec 16, 2022
Format:
Podcast episode
Description
An explosive, deeply reported exposé of McKinsey & Company, When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm (Doubleday, 2022) by Walt Bogdanich and Michael Forsythe (Doubleday, 2022) highlights the often drastic impact of the most prestigious consulting company in the world. McKinsey's vaunted statement of values asserts that its role is to make the world a better place, but what does it actually do? Often McKinsey's advice boils down to major cost-cutting, including layoffs and maintenance reductions, to drive up short-term profits, thereby boosting a company's stock price and the wealth of its executives who hire it, at the expense of workers and safety measures. McKinsey also collects millions of dollars advising government agencies. Bogdanich and Forsythe have penetrated the veil of secrecy surrounding McKinsey by conducting hundreds of interviews, obtaining thousands of revelatory documents, and following the money. When McKinsey Comes to Town is a landmark work of investigative reporting.
Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are here.
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Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are here.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Dec 16, 2022
Format:
Podcast episode
Titles in the series (100)
Martha C. Howell, “Commerce Before Capitalism in Europe, 1300-1600” (Cambridge UP, 2010): When I was an undergraduate, I was taught that merchants in early modern Western Europe were “proto-capitalists.” I was never quite sure what that meant. If it meant they traded property for money, yes. But that would make everyone who traded things fo... by New Books in Economic and Business History