See: The Power of the contrived White Paper, From UCLA
See also Matt Rogers HERE>>>
Mar 9, 2011 … THE RAJ TRIAL BEGINS: “Greed And Corruption — That’s What This …. a discussion with his brother about a McKinsey consultant who is “a …
Mar 10, 2011 … The reason you hire McKinsey is that its consultants have seen strategic business issues … That’s not bad apples, it’s a culture of corruption.
Mar 10, 2011 … “Three McKinsey consultants all channeling confidential information to a single hedge-fund manager who wasn’t even a client? That’s not bad …
McKinsey & Company, Inc. is an American global management consulting firm that focuses on solving issues of concern to senior management. The firm serves …
Nov 5, 2011 … Firm receives £250000 a year from government while also providing paid-for advice to GPs affected by changes.
Apr 30, 2002 … McKinsey & Co., the bluest of blue-chip consulting firms, gave Enron its strategy – – and even its former CEO. Jeffrey Skilling’s model for Enron …
Mar 2, 2011 … But elite consultants, and McKinsey foremost among them, consider …. corruption …. is not rarer in the west …. just shared by a larger plutocracy …
To use public money more efficiently and to help deter corruption, Brazil’s government is disclosing detailed information about federal spending—and giving …
WHO WORKED AT MCKINSEY AND WENT THROUGH THE DAVID FOSTER “THINK TRAINING”:
- Vikram Akula – CEO and founder of SKS Microfinance
- Delphine Arnault – director of LVMH
- Massimo Arrighi – ex-CEO of Eurizon
- Sir John Banham – chairman of Whitbread and British business man
- Bengt Baron – Gold medalist at the 1980 Summer Olympics, CEO and president of Absolut Vodka
- Wolfgang Bernhard – chairman of Volkswagen
- John Birt, Baron Birt – director-general of the BBC (1992–2000)
- Marvin Bower – managing director of McKinsey & Company (1950–67)
- Robert N Brisco – CEO, Internet Brands
- Massimo Capuano – CEO of Borsa Italiana, chairman of the World Federation of Exchanges
- Ronald Cohen – founder of Apax Partners
- Humphrey Cobbold – former chairman of Fish4
- John Cook [disambiguation needed] – former EVP of Operations of Kellogg Company (1999–2001)
- Patrick Cox – former chairman of NBC Europe
- Richard Currie – company director
- Vittorio Colao – CEO of Vodafone
- Alison Davis– Managing Partner of Belvedere Capital
- Ian Davis – former managing director of McKinsey & Company
- Julian Day – chairman and CEO of RadioShack and former chairman and CEO of Kmart
- Bristol Decker – Actress and consultant
- Stephen DeFalco – president and CEO of MDS Inc.
- Colin Dyer – CEO of Jones Lang LaSalle
- John Elliott – Australian businessman
- Carolyn Fairbairn – BBC executive
- George l. (Chuck) Farr – vice chairman at American Express Company
- Matteo Fedeli – CEO of McFedels & Company S.p.A.
- Ricardo Ferreira – Managing Partner of A Vida é Bela (www.avidaebela.com.br) in Brazil
- Tom Flocco – president and CEO of Jim Beam brands
- Russell P. Fradin – chairman and CEO of Hewitt Associates
- William Foote – chairman and CEO of USG Corporation
- Richard N. Foster – managing partner of Foster Health Partners and author
- Lee French – president and COO of Kaplan, Inc.
- Ashu Garg – Partner, Foundation Capital
- Tom Gentile – President and CEO of GE Consumer Finance
- Jeff George, CEO of Sandoz International GmbH
- Mike George – president and CEO of QVC Inc.
- Louis V. Gerstner, Jr. – former chairman and CEO of IBM and chairman of The Carlyle Group
- George N. Gillett, Jr. – Vail, Colorado-based businessman and owner of the Montreal Canadiens and England‘s Liverpool Football Club
- Harvey Golub – chairman of Campbell Soup Company
- James P. Gorman – co-president of Morgan Stanley
- Mario Greco – CEO of Zurich Global Life
- Stephen Green (banker) – chairman of HSBC
- Rajat Gupta – managing director of McKinsey & Company (1994–2003) and corporate director
- Bob Haas – chairman of Levi Strauss & Co.
- John Hagel – author, consultant
- Kristof Hagerman – CEO of Corel Corporation
- Steve Hasker – president, media products, The Nielsen Company
- Bruce A. Henderson – chairman and CEO of Imation
- Randall Hogan III – chairman and CEO of Pentair
- Betsy Holden – former co-CEO of Kraft Foods, later joined McKinsey as a senior advisor
- Eric Janvier – co-founder, Schlumberger Business Consulting
- Jon Katzenbach – founder of Katzenbach Partners LLC
- Susanne Klatten – Germany‘s richest woman
- Marius Kloppers – CEO of BHP Billiton
- Anil Kumar – former senior partner of McKinsey & Company
- Mark Leiter – President, Global Practices & Consulting Services, The Nielsen Company
- Matthew Le Merle – Chairman of the Advisory Board of Shanshan Group and Yurun Group
- Helge Lund – CEO of StatoilHydro
- James Paul Manzi – chairman and CEO of Lotus Development Corporation
- John C. Malone – chairman of Liberty Media, CEO of Discovery Holding Company
- James McNerney – chairman and CEO of Boeing
- Ronald O’Hanley – vice chairman of Mellon Financial Corporation
- Kenichi Ohmae – corporate strategist
- Azran Osman Rani – CEO of AirAsia X
- Helmut Panke – former chairman and CEO of BMW AG
- Corrado Passera – CEO of Intesa Sanpaolo
- Roger Parry – chairman and CEO of Clear Channel International
- Alessandro Profumo – ex-CEO of UniCredit
- Phil Purcell – former chairman and CEO of Morgan Stanley
- Peter Sands – CEO of Standard Chartered Bank
- Silvio Scaglia – Founder of Fastweb, 13th richest man in Italy according to Forbes
- Paolo Scaroni – CEO, Eni – ex-CEO, Enel
- Jonathan I. Schwartz – CEO of Sun Microsystems
- Kevin W. Sharer – chairman and CEO of Amgen Inc.
- Christopher A. Sinclair – former chairman and CEO of PepsiCo
- Jeff Skilling – former CEO of Enron
- Jonathan Spector – CEO of The Conference Board
- Ken Stevens – former president of Taco Bell, CEO of Express and CFO of Limited Brands
- Gerald L. Storch – chairman and CEO of Toys “R” Us
- Tidjane Thiam – managing director of Aviva International
- Evan Thornley – co-founder of LookSmart
- Pamela Thomas-Graham – group president of Liz Claiborne Inc. and former president and CEO of CNBC
- Peter Thum – founder, Ethos Water, and social entrepreneur
- Mark R. Weldon – CEO of the New Zealand Stock Exchange (NZX) and former Olympian
- Miles D. White – chairman and CEO of Abbott Laboratories
- Michael Wolf – former president and COO of MTV Networks
- Robert Worcester – founder of MORI
- Peter Wuffli – former CEO of UBS AG
- Klaus Zumwinkel – ex-chairman of Deutsche Post
Politics and public service
- R. Corey Booth – Chief Information Officer of the SEC
- Ryan Brumberg – U.S. Congressional candidate
- Jim Coutts – Canadian Prime Ministerial advisor (1963–66, 1975–81)
- Božidar Đelić – Serbian Minister of Economy and Finance (2001–2003), vice-president of the Government of Serbia (2007–present)
- Roger W. Ferguson, Jr. – vice chairman of the Board of Governors of the Federal Reserve System (2001–2006), CEO of TIAA-CREF
- William Hague – Foreign Secretary of the United Kingdom (2010-present), member of the British Parliament (1989–present); leader of the Conservative Party (1997–2001)
- Wendell E. Hulcher – Mayor of Ann Arbor (1965–69)
- Reed Hundt – chairman of the Federal Communications Commission (1993–1997)
- Greg Hunt – Member of the Australian House of Representatives (2001–present)
- Radovan Jelašić – governor of the National Bank of Serbia
- Bobby Jindal – Governor of the State of Louisiana (2008–present); member of the U.S. House of Representatives (2004–2008)
- Nancy Killefer – Assistant Secretary for Management, CFO, and COO at the United States Department of the Treasury (1997–2000)
- John D. Macomber – President of the Export-Import Bank of the United States (1989–1992)
- Karen Mills – venture capitalist, Administrator designate of the Small Business Administration (SBA)
- Toshimitsu Motegi – member of the House of Representatives of Japan(1993–present); State Minister in Charge of Financial Services(2007–2008)
- Arthur Mutambara – Zimbabwean politician
- Naheed Nenshi – Mayor of Calgary (2010-present)
- Peter Orszag – economist, Barack Obama‘s OMB director designate, former CBO director, formerly of the Brookings Institution
- Svein Harald Øygard – Norwegian Ministry of Finance, State Secretary (1990–1994); Governor Central Bank of Iceland (Sedlabanki Islands) (2009-)
- Susan E. Rice – United States Ambassador to the United Nations (2009–Present), United States Assistant Secretary of State for African Affairs (1997–2001), formerly of the Brookings Institution
- Stuart Shilson – Assistant Private Secretary to the Queen in the Royal Household of the Sovereign of the United Kingdom
- John Stoner – Senior Military Advisor to Vice President Al Gore (1996–1998)
- Van Taylor – U.S. Congressional candidate
- Pieter Winsemius – Dutch Minister of Housing, Spatial Planning and the Environment (1982–1986, 2006–2007)
- T. J. Allard – actor
- Paul Antony – chief medical officer of the Pharmaceutical Research and Manufacturers of America
- Martin Neil Baily – economist
- Christopher A. Bartlett – professor emeritus at Harvard Business School
- Eric Beinhocker – author
- Heather Bell – director of international strategy, University of Oxford
- Esther Brimmer – academic
- Sylvia Mathews Burwell – president of the Global Development Program of the Bill & Melinda Gates Foundation
- Chelsea Clinton – daughter of former U.S. President Bill Clinton and Secretary of State Hillary Clinton
- James C. Collins – academic, author Good to Great
- Davide D. – CEO of italian company
- Joseph Daniels – president and CEO of the World Trade Center Memorial Foundation
- Howard Davies – director of the London School of Economics, former chairman of the British Financial Services Authority
- Bill Drayton – social entrepreneur
- Shuman Ghosemajumder – technologist
- Chandra Gnanasambandam, a.k.a, Chandra G – Indian pop artist
- Chris Goodall – Green Party politician and environmental campaigner
- Mohsin Hamid – novelist
- Tom Hayhoe – healthcare director, former politician, and offshore racing sailor
- Fred Hilmer – Australian academic
- Kenneth E. Iverson – designer of the APL and J programming languages and Turing laureate
- Yul Kwon – winner of Survivor: Cook Islands
- Phil Lapsley – electrical engineer
- Georgia Lee – filmmaker
- Kyriakos Mitsotakis – Greek MP
- Thomas J. Peters – author
- Chris Philp – chairman of the Bow Group (2004–05)
- Alejandro Plaz – founder of Súmate
- James Twining – novelist
- Adair Turner, Baron Turner of Ecchinswell – academic, businessman
- Luis Ubiñas – president of the Ford Foundation
- Jerome Vascallero – vice chancellor of Brown University
Is There a Culture of Corruption at McKinsey?
On Thursday March 10, 2011,
The revelation that there may have been a “third man” at McKinsey with connections to the alleged insider trading schemes of Galleon founder Raj Rajaratnam casts a shadow across the reputation of the famous consulting firm. How deep does the corruption run?
If the allegations by the Securities and Exchange Commission against former Galleon chief Rajat Gupta are true, we know that McKinsey was lead by a man who was willing to betray the very corporations who had entrusted him to sit on their board of directors. It would mean that for nearly a decade McKinsey was led by a deeply corrupt man.
Another former McKinsey partner, Anil Kumar, has already pleaded guilty to passing information to Rajaratnam in return for bribes.
Now a third man has been brought into the mix. Kara Scannell of the Financial Times reports:
Jonathan Streeter, a federal prosecutor, told the jury that they would hear a recording of a phone conversation Mr Rajaratnam had with his brother “talking about plotting to get inside information from a consultant at McKinsey”. He said Mr Rajaratnam tried to get the person, described by the hedge fund trader as “dirty”, to “play ball” by possibly placing the person’s wife on the Galleon payroll.
Clients of McKinsey have to be wondering if the famous consulting firm has devolved into a snakepit.
“Three McKinsey consultants all channeling confidential information to a single hedge-fund manager who wasn’t even a client? That’s not bad apples, it’s a culture of corruption. At this point it’s unimaginable that it wasn’t happening elsewhere as well,” Felix Salmon writes.
John Gapper at the Financial Times warns that “McKinsey now faces a crisis of corporate reputation which it needs to address in order to avoid its brand being badly tarnished.”
It may seem extreme to draw conclusions about an entire firm from the actions a few individuals. But it’s not. Individuals at the top set the tone and establish the culture of a firm. When they are morally compromised, the ethics of the firm rot. Far more than any regulation or official supervision from government authorities-it’s the ethics embodied by a firm’s leadership that will determine whether the firm as a whole is ethical.
Take Lehman Brothers. It’s more than apparent that the personal character of Dick Fuld had a lot to do with the shenanigans that helped accelerate that firm’s demise. And Fuld’s dishonesty was apparent early on. According to former executives, back when Lehman was owned by American Express, the bond traders were required to report their daily profits and losses to the “upstairs” management.
Afraid that the American Express executives would become aware of how much risk the traders were taking, the traders started fudging the numbers. On days they made a lot of money, they didn’t report all of it. On days when they lost money, they concealed the losses with the unreported profits from the prior day. It made the daily profits and losses look smooth. They called it “Dick’s Reserve.”
Is it any wonder that decades later, Lehman executives would be discovered to have used accounting gimmicks to make the firm’s balance sheet look healthier than it was?
Gupta’s lawyer says he hasn’t done anything wrong. Rajaratnam pleaded innocent of the charges against him. We don’t know who this “third man” is.
But right now, McKinsey is looking very, very bad. If the corruption started at the top, it’s a good bet it spread throughout the firm.
Mckinsey wrote the white papers at the request of Rogers, Chu, Spinner to sell the White House and Congress on the Silicon Valley Vc’s Lithium Ion Battery Investments.
Carl T. Whinover
Nov 25, 2011… most self-consciously high-minded consulting firm and a corrupt hedge fund boss. For outsiders, intrigued by and suspicious of the McKinsey …
Dec 10, 2011 … His pitch to voters sounds an awful lot like the pitch that Bain or McKinsey consultants make to prospective clients. And one final — darker …
Sep 14, 2010 … You hire the high-priced consulting firm McKinsey & Co. to tell you … Whether they can root out this pervasive corruption remains to be seen.
Jan 20, 2007 … Chinese police have detained 22 people from several large companies, including ABB, McDonald’s, McKinsey & Company and Whirlpool.
Here are other interesting connections to CARGATE/MCKINSEY:
- William D. Watkins, CEO, Bridgelux
- Vinod Khosla, Founder Khosla Ventures.
- Lee Burrows, Partner, VantagePoint Venture Partners
- John Doerr, Partner, Kleiner Perkins
- Thom Siebel, Founder, Chairman of C3
- Elon Musk, Chairman, Tesla, Chairman, CEO SolarCity
- John Steinberg, Founder, CEO, Ecofactor
- Steve Jurvetson, Partner Draper Fisher Jurvetson.
- Bill Gross, Founder Idealab.
- Ray Lane, Partner Kleiner Perkins.
- Steve Westly, Founder The Westly Group.
- Ric Fulop, Founder, A123Systems
- Bob Metcalfe, Partner, Polaris Venture Partners
- Scott Lang, CEO, Silver Spring Networks
- Shai Agassi, Founder, CEO Project Better Place
- Richard Lowenthal, Founder, CEO, of Coulomb Technologies
- Frank Varasano, Founder, Former CEO V-Vehicle
- Al Gore, Chairman Generation Investment Managment, Partner Kleiner Perkins
- Bernard Tse, Founder, CEO, of Atieva
- Bill Joy, Partner Kleiner Perkins
- Scott Faris, CEO Planar Energy Devices
- Trae Vassallo, Partner, Kleiner Perkins
- Rob Ferber, CTO of KLD Energy Technologies
- Warren Weiss, Partner Foundation Capital
Mar 6, 2011 … Some of it is no doubt that consultants in general and McKinsey in … to sail through this period of obvious widespread corruption among the …
Jul 17, 2013 … Help Us Shine a Bright Light on Corruption … McKinsey & Company … McKinsey & Company is a global management consulting firm founded …
Sep 26, 2012 … But judging from a song reportedly sung at a McKinsey consultants’ Christmas party, McKinsey‘s millionaire consultants don’t think much of …
Jul 5, 2007… in the areas of human rights, labour, environment and anti-corruption. … McKinsey & Company is a management consulting firm that helps …
But corruption remains a serious problem; in 2010, Transparency International … Earlier in his career, Bannick was a management consultant with McKinsey and …
Contact: firstname.lastname@example.org … She has worked for McKinsey management consultants and is a freelance advisor to various health related …
Jul 28, 2011 … Obama Senior Official Resigns Amid Corruption Investigation … He worked as a consultant for McKinsey & Company in Singapore before …
Oct 13, 2013 … SOURCE: McKinsey Procurement 20/20 McKinsey & Company |; Five …. corruption McKinsey & Company |; Implications on Purchasing and …
Sep 26, 2013 … September 26, 2013 Schumpeter The future of the Firm McKinsey looks set to stay top of the heap in management consulting Sep 21st 2013 …
Oct 26, 2011 … Rajat K. Gupta was “the illegal eyes and ears in the boardroom” for a … As the head of McKinsey & Company, the prominent consulting firm, Mr.
May 17, 2013 … Rajat Gupta, who was indicted in the largest insider trading case in United States history. … down from the top job at McKinsey, the consulting giant, in 2003. But Rajaratnam’s name had turned radioactive since his arrest, on …
Oct 24, 2012 … Rajat K. Gupta, the former Goldman Sachs director, was sentenced to two … Mr. Gupta, 63, who ran the consulting firm McKinsey & Company and … on Mr. Gupta, who was arrested on insider trading charges last October.
Oct 26, 2011 … Rajat Gupta, 62, former head of McKinsey & Co and a director on the board of many prestigious US corporations including Goldman Sachs, …
Rajat Gupta arrested, charged with securities fraud … The former McKinsey & Co chief accused of insider trading in the US, has resigned from the chairmanship …
Oct 26, 2011 … NEW YORK (Reuters) – Rajat Gupta, who sat on the boards of some of America’s most prestigious companies, was arrested and charged on … Gamble and former global head of the McKinsey & Co consultancy, is the most …
Oct 26, 2011 … New York: Rajat Gupta, a former Goldman Sachs Group Inc director and former global head of McKinsey & Co, was in FBI custody on …