McKinsey & Company is a global management consulting firm known for its prestige, high-profile clientele, and controversies.
McKinsey & Company, global management consulting firm known for its prestige, high-profile clientele, and controversies. The firm is generally considered one of the top consulting firms internationally and employed about 45,000 people across more than 65 countries in 2023. McKinsey is headquartered in...
Firms are also navigating an increasingly polarized workplace today, with additional scrutiny and a growing number of lawsuits against corporate diversity and inclusion programs, particularly in the US, which threatens to impact the industry’s pace of progress....
Ken Frazier:All the crises I handled had some fundamental issue underlying them. The Vioxx litigation was a major crisis. The Street thought it would cost us $50 billion. We decided that we would not settle, which went against the typical industry practice of settling lawsuits in ...
2) Last year, lawsuits cost corporations $200 billion compared with $70 billion in 1990. How would you advise a roundtable of CEOs to attack tort reform? 3) The U.S. Post Office lost millions last year. How would you advise the new CEO to turn the Post Office around?
Conversely, NewCos that rush to launch without structured risk thinking may face more significant problems—such as regulatory fines, data breaches, or lawsuits— down the road. Mistaken belief: Spending on risk management and cybersecurity is not a guarantee of protection, so it is...
Where can the in-house department make a difference for the company by providing advice in its own capacity, and where does it effectively manage outside counsel or similar external capacity (Exhibit 1)? How does the department balance the need to protect the company, its assets, a...
(for example: if there are outstanding traffic tickets, related lawsuits, or whether the vehicle condition is as stated) Worried that buying auto parts will be expensive or the vehicle will be difficult to maintain Do not trust the warranty ...
They will spend less time talking about meeting next quarter’s earnings expectations, complying with regulations (although that, of course, must be done), and avoiding lawsuits, and more time discussing potential new goods, services, markets, and business models, as well as what it takes to ...
Another faculty member in the management department, Jennifer Chatman, has done a lot of research on what she calls “narcissistic leaders.” It turns out that narcissistic leaders get their organizations more involved in lawsuits and create long-term problems in company culture and ou...