When McKinsey Comes to Town

Buchzusammenfassung

Walt Bogdanich and Michael Forsythe are investigative journalists renowned for their work at the New York Times, Bloomingdale, and many other prestigious outlets. Bogdanich, a multiple Pulitzer Prize winner, has exposed issues ranging from corporate misconduct to rail safety. Forsythe, who won a Pulitzer Prize himself, gained acclaim for his groundbreaking reporting on the wealth of Chinese leadership families. Their joint effort, When McKinsey Comes to Town, was named Book of the Year 2022 by both the New York Times and the Times.

McKinsey portrays itself as a champion of sustainability and societal progress, yet its actions often contradict these claims. The firm collaborates extensively with industries tied to environmental harm, such as oil, coal, and gas, while also playing pivotal roles in public health crises like the opioid epidemic through ethically questionable practices. Despite its polished reputation and recruitment from elite institutions, McKinsey has consistently prioritized profit over ethics, contributing to inequality, corruption, and public harm. Its global influence extends to partnerships with authoritarian regimes, where it has supported oppressive policies, and to US government projects, where conflicts of interest and cost-cutting measures have raised significant concerns. In the financial sector, McKinsey’s promotion of risky strategies like securitization played a key role in the 2008 financial crisis, further exemplifying its pattern of advancing corporate interests at the expense of broader societal welfare.

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