McKinsey: The Group Secretly Running Every Company (And Government?)
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- เผยแพร่เมื่อ 19 พ.ค. 2024
- There’s a secret, parasitic consulting firm at the heart of nearly every industry in America.
They’re responsible for the worst corporate “best practices” - lay-offs, safety cuts, price-gouging.
We uncovered how McKinsey is waging a secret war on the working class.
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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
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.
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 .
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.
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.
@@user-lb8bg6kj9mhow 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.
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).
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.
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
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
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.
“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.
Love seeing real investigative journalism
It’s amazing how the world has changed in the last 20 years you get more investigative journalism from TH-cam 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.
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.
Consultants are generally hired to come up with the solution that management already wants.
There’s also a rotating door between consulting companies and private equity firms. I work at a healthcare advertising agency currently majority owned by a PE firm. The CEO of this PE firm is from McKinsey. They installed a new CEO when prepping for the flip and he was also ex McKinsey. Private Equity + Consulting = no accountability absolute wild west
😮
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
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.
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?
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!!!
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.
Journalism like this scratches the surface which is good because nobody else is. The end result of the consulting industry has on the population is they get consumers to believe it will benefit them because thinking causes too much cognitive dissonance which is too emotionally painful for far too many people. The consultant industry knows this and has been using it for years. They work for China....Think about that for a second and ask yourself if this short video delved into the depths it could have? Not to say this isn't great journalism.
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.
"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!
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 😬
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.
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.
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.
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
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 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 ?
Correction of US economy and society starts with shutting down McKinsey
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.
McKinsey is the company the Bob's worked for in office space.
you mean the company that got him fired? because one employee spoke to them about how little everyone did
That came to my mind too lol 😂
Maybe they were on to something😂
This is exactly what I was thinking too
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 th-cam.com/video/e-6Sypxk5mo/w-d-xo.html
Pirates.
nah, pirates have more honor than this
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
@@CLEFT3000 people should pay for their healthcare, that was my point.
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
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?
managing is a cover, they're just there telling companies how to max profits, and rob the working class tax payers
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
THIS YOUNG LADY IS A TRUE JOURNALISTS ‼️
This is what people need to be talking about, we need more voices like this.
We need more journalism like this
Yes we do! But it needs to go deeper down the rabbit hole. My very first unanswered question is how many of our reps use consulting firms and for what purposes?
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 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.
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.
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
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.
I worked with them 40 years ago and they haven't changed a bit.
Did anything in this video stand out to you?
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.
Why the hell did this video completely leave out the ALLSTATE McKinsey papers???????
This was one of the biggest scandals out there.
That one girl in the promo video, "When I first applied, I had no idea what a consultant even does." Boom. Gets hired to high end job at major firm. While the rest of us cant even get work when were highly qualified, in large part DUE to these clowns at McKinsey. 😡
Wah wah wah
@@MrGoodeats lick my boot
Check her knees and mouth.
@@user-bv3ns9iq5z More like check who her daddy is. You really think the straight white boys that make up over half their “bright young consultants” are exchanging sexual favors? Wish the world was even that fair 😂
Best journalism I have seen in I can't even remember how long! I'm not used to journalism even existing anymore. Thank you!
McKinsey is also listed on The World Economic Forum partners list.
One of the best things that happened to me is that they did not give me a job offer. 😂
Same!
You never got a job offer from anyone. You are a random psychopath
@@MileHile Just stop. No one’s buying your bullshit except the rest of social media intels
You seem quite obsessed with “job offers”. I work for myself like all the smart people I know. Why are you so submissive to Big Daddy? Make your own job.
@@freddyrodriguez4732 The assumptions you make are hilarious. An indication of your tiny mind, little boy.
Enact law(s) making consulting firms liable for the harmful consequences of their recommendations to organizations. This will be contentious and messy, but lawyers will love it. Why not sic sharks on the barracudas?
Additionally, rigorously ban conflicts of interests among consulting firms and their clients. The burden of proof that no conflict exists is on the consulting firm.
People should be aware that management at some companies is filled with former McKinsey’s employees as well
Mackenzie would remove costco rotisserie chicken lol
😂😂
Misspelling "McKinsey" when it's literally right in your face is wild 😂
This is the real, actual "Swamp", not the civil servants.
The "civil servants" are in on it.
After the civil servants leave the government they go to Mackenzie and vice versus.
No, they all are
Anyone who doesn't really work for their money doesn't deserve it
Id say the pokitical appointees might, revolving door there. @@ARUSApacecarHAMPTON
Walmart also gets life insurance on their employees, so if they die Walmart gets paid.
Maybe high level employees. Not all of them.
@@blobmonster9494Actually this applies to frontline hourly workers too. “Dead Peasant Insurance” is what it’s called.
@@jennifergarza7766 I have worked in life insurance for over 20 years. I can't see that happening. They have no interest legally on the hourly employees life. Not to mention it would be a massive expense since majority continue to live.
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.
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
McKinsey & Company is a Council on Foreign Relations corporate member &/or donor. Accenture is also CFR.
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.
My company has recently been working with another big management consultancy firm... Thing is, 80% of what they've recommended so far is just stuff people lower down the totem pole have told them. Like, we didn't need to spend millions for management to hear it... we just needed management to ask and listen. (The other 20% is drumming sales for their operations software which might be useful but is redundant to thing our ERP system would do if it were competently implemented).
Also, can we get more of this host? Hell, even if it's just a weekly stream reading the phone book. I think I'm love. =D
^this exact thing happened where I used to work
If you don’t know anything else about something available to you, one thing you can do is assume the more it costs the more valuable it is. Corporations and management don’t value advice from employees because they didn’t pay for it, and on the flipside they love advice from consultants because it’s expensive!
@@Sashazur I love it. Sounds like something Dr. Russel Ackoff would have said.
Haven't you found Sauron already? He should be hiding somewhere in that building. 😂
Thank Edward Bernays too, Freud's nephew, who started this mindset altering.
He's exactly who I thought of while watching this, he basically invented consulting. Thanks Bernays and Freud, what a service to humanity!
Ah, you know Bernays, congratulations! Wanna take a gander at who the founder of Netflix is? Yeah, Bernays's nephew. Unreal. The social programming is absolutely ubiquitous at this point, marketing has essentially made it's way into EVERY type of media being produced and consumed. I wonder what Freud would think of all this.
@@Mackaygolf wow, just wow!
@@chandratownsend3891 amazing manipulation of the masses
Bernays killed more people than Hitler.
Thank you for an outstanding video. What's long long overdue is a piece on United Way and their cozy relation with mega corporations like UPS. Thanks again
The Minister of Culture and Education in my country started his career as a management consultant at McKinsey for 3 years and now not just as a Minister, he also own a giant delivery company with $550 million dollar revenue.
I can't believe a leech become a Minister in my country. Well my country has a big corruption problems for decades so it's not so surprising for such individual get a job at the government.
Evil Corp. How do these people sleep at night? It just shows that people will do anything for money. They’re hurting millions of people but justify it by saying “we don’t do anything illegal “.
I worked for a similar consulting firm for a short time. They’re either deeply naive and idealistic (as I was) or sociopaths who don’t give a sh*t for anything but securing their bag $$$
I’m surprised TH-cam (most likely consulted by McKinsey) let you show this content; great job on it too.
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.
My elder sister is a partner with Mckinsey and works with big pharma. Told her to quit and not work with them hope she listens. I chose to work in actual work building a FDA approved surgery tool with a leading orthopedic company, I chose to not do anything with these consulting firms/investment banks because I am the only born again Christian in my family
Major kudos to you but please dont conflate your morality with your faith. I think you will find that outside your own family there are just as many who share you morals who are not religious as those who do. I’m from a family of atheists/agnostics of catholic and Jewish background, and we similarly refuse to work for these ghouls (now that we know better)
Read the 'managerial revolution' by James Burnham .
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".
Reminds me a lot of a book I'm reading, Confessions of a Union Buster, an autobiography of a "union avoidance" consultant and his use of terror to destroy employees' will to speak up. Absence of accountability, or as Levitt calls it, a magician whose tricks lose their power when put in the spotlight, has been one of the key themes of the book so far. We individually need to become informed, and collectively call these people out for their obscenities against society.
This McKinsey book seems like the perfect next book to follow up on this...
In the 90's a relative of mine recommended I read the McKinsey Quarterly. He was all into investing and ultimately retired at an early age. But it wasn't interesting to me perhaps due to my young age and being overall crazy busy with attending college. What little I did read about its financial advice just seemed so...unnatural to me.
Add PWC to this list. They were a major pain in my very first real world job, and have somehow followed me through every single company I've worked with over the past 20 years. Somehow they are present in every job I've had.
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!
Would love to know if there is anything we can do on our end, from a civilian perspective. They have been messing with our lives for far too long. Class action lawsuit and the likes?
a class action for what?
@@warnegoodman for being fired/not getting raises, my pay being cut and/ or the price fixing, based on some third party service that can't do proper math and has no proper data to prove why they did what they did.
I worked for 1 of the big 4 10 years ago. They are also guilty of exploiting their workforce. They work consultants like slaves.
Better solution: convince team women to divorce the “guys” that work for loser firms like this one.
Women actually do hold the power - they just pick idiots with no game to marry because they just want that instabrag lifestyle…
Women need to divorce in mass. Go back to dating marrying and having kids with real men based upon real values NOT who can buy them a stupid vacation and coach hand bag
I worked for them. Can confirm. They're evil.
But you didn’t though
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.
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.
Amazing the way you are opening our eyes to the traitors and help recover our Republic!
All corruption is being brought to light. God is victorious. 🕊️
I know we arent talking about my employer, but I could swear you were. Management and layoff are two words every journeymen would rather not hear, at all.
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.
Privatization needs to be banned, period!
What do you even think that word means
They compare Disney to Vought but these guys are closer to Vought imo 😅
I worked on a few projects with McKinsey. Companies use them because they excel at what they do: top-to-bottom analyses of how to make companies more productive and profitable. Don’t blame McKinsey. If there are failures, blame a system where profit and shareholder returns are the priorities. It’s what the global economic system is built on.
yes thats the point of the video. companies become more productive and profitable by harming the worker, and mckinsey is a vulture. not just that, they arent working for companies, they're working for government, and government doesn't function like a company. you didn't watch the video, you're just a capitalist bootlicker.
Keep up the fantastic reporting, the more people can see the more informed decisions are made.
The problem with removing consultants from the government, is that the government relies on consultants to blame any unpopular policy they want or need to enact, or else they'd get voted out. I hate the system, but it exists for a reason.
McKinsey wouldn't be around if more unions were around and not allowing this kind of shit on a dialy basis
And they wonder why people move from company to company
Greed always ruins the good stuff!
Thank you for doing this work. I was injured after consultants came in and designed the new workspace. Ended a 30 year career. I was sent to workers comp. In Ca. your knees are worth about $30,000. They told me to take some classes at the jr. college and start a new career. ☹
When I was growing up, capitalism was touted as the MOST EFFICIENT WAY to do business. The absolute gold standard way to run an economy.
Now we know that capitalism incentivizes cost cutting that eventually cannabalizes essential things like standards of living, health, and safety.
* Owners cut pay for the workers that make their profits possible, while keeping an obscene amount for themselves and investors.
* Owners cut back on essential maintenance because there haven't been accidents, causing accidents.
* Owners cut back on safety regulations, leading to hazardous conditions that threaten the lives and health of the general public.
I'm starting to think that our current form of capitalism is a game played by sociopaths who fail the Marshmallow Test.
Ahh but didn't you hear. "Real ̶C̶o̶m̶m̶u̶n̶i̶s̶m̶ Capitalism hasnt been done yet." What we have now is supposedly corporatism.
Different industry sectors function better under different economic models. And they all do better when regulated by a government made up of genuinely representative leadership.
Some industries are natural monopolies and should be government run.
Some industries have no profit motive or a socially damaging profit motive and should be socially run.
Some industries need rapid scaling supply and innovation and do best run by capital investment.
Government run bakeries are as stupid as for profit utility grids. Both are terrible for citizen prosperity.
Which is why we all need to abandon loyalty to capitalism, socialism and communism. They are all terrible on a national scale. Just run a mixed economy regulated by a government genuinely representative of the citizens.
The other problem is there are many measures of "efficiency". So a capitalist system measuring efficiency as profitability for ownership does not do so well when efficiency is measured in by citizen prosperity. Which is why capitalism or any other economic model needs a government that regulates industry based on the efficiency measure on maximizing citizen prosperity.
Name a better system? You can't.
@@MrGoodeats
Mixed Economy with Social Democracy.
There, I did it, do I get a prize?
@@MrGoodeatswhat we have now is literally not sustainable so we are going to HAVE to do something else or abandon society altogether
Having a German PhD with top grade and an MBA from INSEAD/Harvard I worked for McKinsey Duesseldorf in their first Austrian assignment at their largest bank, Creditanstalt Bankverein in Vienna.. I liked the experience and the thin air of high altitude.. Some consultants aim at being hired by a client to implement their advice. An INSEAD colleague of mine advised as McKinsey a wealty noble estate in Southern Germany and then left to become its general manager. A German chemical company paid 250 000DM for a McKinsey report on its inorganic division . I was hired as boss of that division (80 million DM turnover in 1983) also to implement the report. I improved the profit by 1 million DM disregarding the report.
Blaming the supply chain for the consumer products you choose…such logic.
Pay attention to dates that's all I'm saying.
BlackRock runs the world
Way to go! Great research y'all! We just keeping finding our more and more who runs the show, but it's thanks to people like you. Keep up the good work.
Thanks Gabriella, for all MBA graduates, remember that the one character quality you MUST have to succeed in your career is have NO conscience!
Please consider doing a video on the lifeboat foundation and lifeboat ethics!
What's that? I'm ignorant of lifeboat
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