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...McKinsey said last week that “the Urban China Initiative is not McKinsey” and rejected “efforts to use a document McKinsey didn’t write and work we didn’t do to call into question our 75-year history of...
...never been, a client of McKinsey.”...
...Sternfels’ tougher than expected battle for a second three-year term as McKinsey’s global managing partner has exposed rifts within the firm over his leadership style and his handling of a round of back-office...
...john.thornhill@ft.com...
...Marc Filippino That’s John Reed, the FT’s south Asia bureau chief. [MUSIC PLAYING] McKinsey is coming under fire in the United States for its links to the Chinese government....
...McKinsey declined to comment....
...McKinsey is facing a criminal investigation in the US over its work for opioid manufacturers, piling new pressure on a firm that has paid almost $1bn to settle civil claims that its advice fed an epidemic...
...McKinsey is in the middle of a brutal round of career reviews, according to people familiar with the process....
...government ministries Adani answers Modi's call to arms Read a transcript of this episode on FT.com...
...McKinsey has offered to pay some UK and US staff to leave the firm. This follows a rare round of 1,400 job cuts last year. Consultant Bain has reportedly paid new recruits to delay their starting date....
...“Daniel’s particular genius was getting people to think his ideas were their own,” said John Seaman, a business historian and consultant who has written about the firm....
...A McKinsey China website that was shut down in 2019 said that about 10 per cent of its clients in the country were government agencies or non-profit groups....
...“McKinsey’s impact in China goes well beyond our work in the corporate sector,” it said, according to an archived copy of a website, mckinseychina.com, which was shut down in 2019 but now redirects to McKinsey...
...Ian Maclean, managing director and eighth generation leader of John Smedley, his family’s knitwear firm, is a firm believer that it can....
...Sternfels, 54, is a 30-year McKinsey veteran, having joined the firm in San Francisco in 1994....
...kingdom at a hearing on Tuesday....
...The new contract includes a cut to McKinsey’s fees for some work. The agreement sets out hourly rates that range from $1,148 for a senior partner to $116 for a team assistant....
...McKinsey this week stood by the statement, saying UCI was a separate entity set up in partnership with two universities and McKinsey had not authored the research that UCI did for China’s National Development...
...McKinsey boss’s re-election challenge In 2021, Bob Sternfels took the reins at McKinsey after his predecessor, Kevin Sneader, became the firm’s first global boss since 1976 to not secure a second term....
...McKinsey worked on a commercial blueprint for the LIV Golf tournament, the PIF’s upstart rival to the PGA Tour, according to a person familiar with its involvement, while Teneo has provided public relations...
...These amounted to less than 10 per cent of McKinsey’s global revenue, he said....
...McKinsey boss Bob Sternfels is facing a tougher than expected bid for re-election after a backlash to his restructuring of the consulting firm and a slowdown in growth....
...The recommendations were made in a book commissioned by the Chinese government’s central planning agency, containing a foreword by one of McKinsey’s most senior partners in China....
...A recent study — albeit one using a slightly different set of companies than that surveyed by McKinsey — has called McKinsey’s findings into doubt....
...John Pattison Toronto, ON, US...
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