A collection of McKinsey 🧵s for your consideration
🧵
What is McKinsey?
🧵
What is McKinsey?
“McKinsey & Company is a global management consulting firm founded in 1926… that offers professional services to corporations, governments, and other organizations.”
en.m.wikipedia.org/wiki/McKinsey_…
en.m.wikipedia.org/wiki/McKinsey_…
“McKinsey is the oldest and largest of the "Big Three" management consultancies (MBB), the world's three largest strategy consulting firms by revenue.”
“How McKinsey Got Into the Business of Addiction
The consulting firm’s work with opioid makers is well known, but for decades McKinsey worked with Big Tobacco and has also advised Juul, the e-cigarette company.”
Updated: Oct. 3, 2022
nytimes.com/2022/09/29/bus…
The consulting firm’s work with opioid makers is well known, but for decades McKinsey worked with Big Tobacco and has also advised Juul, the e-cigarette company.”
Updated: Oct. 3, 2022
nytimes.com/2022/09/29/bus…
“Last year, McKinsey agreed to pay more than $600 million to settle state investigations into its role in helping Purdue Pharma and other drugmakers fuel the opioid epidemic.”
“And for decades, McKinsey has helped manufacturers boost sales of the most lethal consumer product in American history — cigarettes.”
“As recently as 2016, more than 50 years after the surgeon general confirmed the link between smoking and cancer, McKinsey still saw merit — and profits — in continuing to help companies sell more cigarettes.”
“In a slide deck prepared for Altria, formerly Philip Morris, McKinsey offered ideas for how the tobacco company could keep customers and lure new smokers…
…It presented a mock-up of what a Marlboro smartphone app would look like, complete with a way for loyal smokers to win points redeemable for small prizes.”
“McKinsey’s services are highly valued; its clients include many of the most respected blue-chip companies as well as governments around the world.”
“For companies selling addictive products it also offered deep ties to the Food and Drug Administration, a regulatory agency vital to their survival. In four years under President Donald J. Trump, McKinsey took in $77 million in consulting contracts with the F.D.A.”
“McKinsey began counseling the tobacco industry in 1956, when researchers had already reported data suggesting that smoking appeared to cause cancer.”
“In a subsequent study, McKinsey recommended how the company should set up its research department…
…The report was significant for another reason: It foreshadowed the industry’s transformation from selling a largely agricultural product to a scientifically engineered cigarette with fine-tuned nicotine levels.”
“It cited the development of “reconstituted tobacco,” a manufacturing process that in subsequent years was shown to help achieve nicotine levels that researchers considered sufficient to ensure addiction.”
“In addition to Philip Morris, the firm’s clients included R.J. Reynolds, Lorillard, Brown & Williamson, British American Tobacco and Japan Tobacco International.”
“In 1992, the federal judge H. Lee Sarokin became so outraged reading internal industry documents produced in a liability lawsuit that he cast aside judicial restraint when he wrote:…
“”Who are these persons who knowingly and secretly decide to put the buying public at risk solely for the purpose of making profits and who believe that illness and death of consumers is an appropriate cost of their own prosperity!””
🧵 McKinsey
H/T @RougeMatisse
H/T @RougeMatisse
https://twitter.com/RougeMatisse/status/1580582065061662720?s=20&t=ooQe3JYgmQD7toBvtnOmVQ
🧵McKinsey
H/T @DFisman
H/T @DFisman
https://twitter.com/DFisman/status/1577614281931210752?s=20&t=L87b29TOeLDatNtJYDnEdA
H/T@DFisman
“Docs found on an ed stakeholder group’s website show McKinsey & Company, the firm hired by Doug Ford to advise ON’s 2020 school reopening, promoted #C19 as an opportunity for public schools to “collaborate” & “partner” w/ the private sector”
“Docs found on an ed stakeholder group’s website show McKinsey & Company, the firm hired by Doug Ford to advise ON’s 2020 school reopening, promoted #C19 as an opportunity for public schools to “collaborate” & “partner” w/ the private sector”
https://twitter.com/davidfisman/status/1576331991057764352?s=21
@waltbogdanich
@PekingMike
Thank you for the article.
Can we expect a series?
@PekingMike
Thank you for the article.
Can we expect a series?
🧵 McKinsey @QPbriefing
H/T @jessiecatherine @Dry_Tinder2
H/T @jessiecatherine @Dry_Tinder2
https://twitter.com/MamaToronto/status/1583748568149417984?s=20&t=6GqhfkSU78p1ebCUoV97Aw
Related 🧵
H/T @DFisman
H/T @DFisman
https://twitter.com/DFisman/status/1603734651339739138?s=20&t=Ng69PYiNakD9COMzXDf8mQ
Related:
mckinsey.com/featured-insig…
https://twitter.com/ericmendelsohn/status/1603752381535162372?s=20&t=OToo7hElhWq0Uiq47DY7Zg
mckinsey.com/featured-insig…
H/T @Justin_Ling
https://twitter.com/Justin_Ling/status/1611459291038244864?s=20&t=yNtl2OBtNt0DeVV4mjobRw
“I finally got a chance to tell a story that I’ve been keeping to myself for 6+ years. My first fulltime job was as a consultant at McKinsey. At the time, it seemed like a dream job…”
🧵
H/T @GarrisonLovely 🙏
🧵
H/T @GarrisonLovely 🙏
https://twitter.com/GarrisonLovely/status/1699899515531088052?s=20
🧵
H/T @WalkerBragman
“How Dark Money Shaped The School Safety Debate”
Mar 8, 2022
Walker Bragman
&
Alex Kotch
H/T @WalkerBragman
“How Dark Money Shaped The School Safety Debate”
Mar 8, 2022
Walker Bragman
&
Alex Kotch
https://twitter.com/MamaToronto/status/1544863224637562881?s=20
More McKinsey from Justin Ling…
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