John Oliver's video on Mckinsey, any comments ?

There is a lot of truth in that video. But you have to hand it to those consultants - their execution is unparalleled.

Oliver is a guy who sounds smart but is actually dumb. He presents first grade tier arguments.

Very accurate picture. I have some friends at the MBBs (like many of you) and the ongoing joke is how they are so inexperienced yet they sit with CXOs and directors presenting their findings in a neatly drafted ppt and pretending to be an expert in a third industry.

The part in Johns’ video where they show a slide about downsizing and the top management getting paid more seems to the selling point at most places imho.

Let me tell you what consultants are actually used for

1. Get competitor information by either using them directly or through one of their “experts” whom they pay $500 an hour, in India it’s like $250

2. Get them to say something which you want said by an “external expert” and then do that thing within your company

Anyone else hiring these consultants are just stupid and they don’t know what they want, and they’ll just get a fancy ppt

Have worked with consulting folks in my company. Bakwas jyada and kaam kam.

Funnily, during recession they got fired first.

Yes. The conflict of interest part was enraging. Mck has same set of people working with Purdue pharma and the FDA regulators which was enraging. They solicited Purdue pharma citing they work for FDA and have influence there, was beyond enraging. All that was rightly covered by Oliver and even an outsider can understand what assholery that is.

When a single firm has conflict of interest functions, that needs good separation. Like Finance firms have trading functions where they aren't supposed to care abt the counterparty and advisory/fiduciary where they have to act in the best interests and get paid by the counterparty. But these are structured as different divisions which employ different people, are headed by different heads often in different floors altogether and report P&L differently with a Chinese wall between them. Their phones and messages are often monitored. All this because BFSI are regulated.

For consultants, there is no regulator, weak compliance depts and so Mck can be as big of an asshole. And act as if they are the saviours of the world.

McKinsey kimkb. Fuck decision trees. Fuck MECEE. Fuck their separator titled slides.

Seemed off like in one of the videos the mck guys were in jeans in the office. Like you ain't gonna find any big 3 or big 4 consultants in the office looking like that. Even if it was in the 90s