McKinsey & Company | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-02

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/McKinsey_%26_Company


00:02:17 1 History
00:02:27 1.1 Early history
00:04:45 1.2 Establishment
00:08:12 1.3 Recent history
00:11:46 2 Organization
00:11:56 2.1 Structure
00:13:36 2.2 Culture
00:16:14 2.3 Influence
00:17:32 2.4 Scandals and criticism
00:18:15 2.4.1 Enron
00:18:59 2.4.2 2008 financial crisis
00:20:00 2.4.3 Valeant
00:20:41 2.4.4 Galleon insider trading scandal
00:22:33 2.4.5 Ongoing South African corruption scandal
00:29:51 2.4.6 2018 Lawsuit
00:30:26 2.4.7 Role in Saudi clampdown on dissidents
00:31:47 2.4.8 Role in Trinidad and Tobago-Petrotrin
00:32:18 2.4.9 Environmental consulting
00:34:13 2.4.10 Role in U.S. Immigration and Customs Enforcement (ICE)
00:34:48 2.4.11 Support of authoritarian regimes
00:35:32 3 Consulting services
00:37:08 4 Recruiting and compensation
00:38:30 5 Research and publishing
00:43:01 6 Consulting projects
00:49:36 7 Notable current and former employees
00:49:48 8 See also



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- Socrates


SUMMARY
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McKinsey & Company is an American worldwide management consulting firm. It conducts qualitative and quantitative analysis to evaluate management decisions across public and private sectors. Widely considered the most prestigious management consultancy, McKinsey's clientele includes 80% of the world's largest corporations, and an extensive list of governments and non-profit organisations. More current and former Fortune 500 C.E.O.s are alumni of McKinsey than of any other company, a list including Google C.E.O. Sundar Pichai, Facebook C.O.O. Sheryl Sandberg, Morgan Stanley C.E.O. James P. Gorman, and many more. McKinsey publishes the McKinsey Quarterly since 1964, funds the McKinsey Global Institute research organization, publishes reports on management topics, and has authored many influential books on management. Its practices of confidentiality, influence on business practices, and corporate culture have experienced a polarizing reception.
McKinsey was founded in 1926 by James O. McKinsey in order to apply accounting principles to management. McKinsey died in 1937, and the firm was restructured several times, with the modern-day McKinsey & Company emerging in 1939. Marvin Bower is credited with establishing McKinsey's culture and practices in the 1930s based on the principles he experienced as a lawyer. The firm developed an "up or out" policy, where consultants who are not promoted are asked to leave. McKinsey was the first management consultancy to hire recent college graduates, rather than experienced managers.
In the 1980s and 1990s, the firm expanded internationally and established new practice areas. It had 88 staff in 1951, 7,700 by the early 2000s and 27,000+ by 2018. McKinsey's consulting has helped to establish many of the norms in business and contributed to many of the major successes and failures in business in the modern era.