When McKinsey Comes to Town by Walt Bogdanich & Michael Forsythe

When McKinsey Comes to Town by Walt Bogdanich & Michael Forsythe Book Summary

BOOK SCORE
4.5
TOTAL RATINGS
49
BOOK PRICE
$13.99

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

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

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

In When McKinsey Comes to Town, two prizewinning investigative journalists have written a portrait of the company sharply at odds with its public image. Often McKinsey's advice boils down to major cost-cutting, including layoffs and maintenance reductions, to drive up short-term profits, thereby boosting a company's stock price and the wealth of its executives who hire it, at the expense of workers and safety measures. McKinsey collects millions of dollars advising government agencies that also regulate McKinsey's corporate clients. And the firm frequently advises competitors in the same industries, but denies that this presents any conflict of interest.

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

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

Bogdanich and Forsythe have penetrated the veil of secrecy surrounding McKinsey by conducting hundreds of interviews, obtaining tens of thousands of revelatory documents, and following rule #1 of investigative reporting: Follow the money.
When McKinsey Comes to Town is a landmark work of investigative reporting that amounts to a devastating portrait of a firm whose work has often made the world more unequal, more corrupt, and more dangerous.

When McKinsey Comes to Town Book Details

Book Name When McKinsey Comes to Town
Genre Economics
Author Walt Bogdanich & Michael Forsythe
Published 04 October 2022, Tuesday
Price $13.99
E-Book Size 10.21 MB

When McKinsey Comes to Town by Walt Bogdanich & Michael Forsythe Book Reviews

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Alexbeidjjd

Revealing the real secret society. Very well researched and written book. At times feels a bit too anti- McKinsey. Like they cannot possibly be doing anything good. But for the goal of the overall idea - that the consultants undermine social well-being to line their own pockets and the elite few leaders they consult - it’s warranted.

CreekNine

very revealing. i know only the more nefarious information was presented and that McKinsey does some good, but the information presented in this book makes one nervous about their pursuit of profit at any cost.

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Walt Bogdanich & Michael Forsythe - When McKinsey Comes to Town Comments

5 Books like When McKinsey Comes to Town (Walt Bogdanich & Michael Forsythe)

About Author "Walt Bogdanich & Michael Forsythe"

Walt Bogdanich (born October 10, 1950) is an American investigative journalist and three-time recipient of the Pulitzer Prize. Life Bogdanich graduated from the University of Wisconsin-Madison in 1975 with a degree in political science. He received a master's in journalism from Ohio State University in 1976. Bogdanich is assistant editor for The New York Times Investigations Desk and an adjunct professor at the Columbia University Graduate School of Journalism. Before joining The Times in 2001, he was an investigative producer for 60 Minutes on CBS and for ABC News. Previously, he worked as an investigative reporter for The Wall Street Journal. Bogdanich co-authored the 2022 book When McKinsey Comes to Town: The Hidden Influence of the World’s Most Powerful Consulting Firm about consulting giant McKinsey & Company with Michael Forsythe.ISBN 9780385546232 He is married to Stephanie Saul, a reporter for The New York Times who won a Pulitzer Prize winner for her work at Newsday. T....

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