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McKinsey & Company

US-based worldwide management consulting firm

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McKinsey & Company is a United States-based management consulting firm, founded in 1926 by University of Chicago professor James O. McKinsey, that advises on strategic management to corporations, governments, and other organizations. Under the leadership of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—transformed corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced a scheme of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management.

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Pandemic takes a toll on women in the workforce

A new report by the McKinsey consulting firm examines the impact the coronavirus pandemic has had on women in the workforce. Jess Huang, one of the co-authors of the report, joins CBSN to talk about..
CBS News - Published

New report shows how COVID-19 pandemic is impacting women in workplace

A new report from LeanIn.Org and McKinsey & Company reveals how the pandemic is impacting women in corporate America. One in four women are thinking about leaving the workforce or downshifting their..
CBS News - Published

Posthaste: The pandemic could wipe out $10 trillion in GDP growth in OECD countries: McKinsey

posthaste: the pandemic could wipe out $10 trillion in gdp growth in oecd countries: mckinsey
Good morning, Prime Minister Justin Trudeau’s top lieutenants have been putting their heads together (at least virtually) over the past few weeks to come up with some kind of revolutionary plan to..
WorldNews - Published

NFL's first Black team president, Jason Wright, lays out his plan for the Washington Football Team

There was an historic hire in the NFL this week. The Washington Football Team announced Jason Wright will be its next team president. Wright, a former player and partner at McKinsey and Company, is the..
CBS News - Published

Exclusive: New York taps McKinsey to develop 'Trump-proof' economic reopening plan

New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected pressure from U.S. President..
Reuters - Published

Pete Buttigieg, the Political Junkie Who Is Running for President

Pete Buttigieg’s stint at McKinsey gets more attention, but the time he spent driving “real people” around in a van for Al Gore might speak more directly to his candidacy.
NYTimes.com - Published

Extinction Rebellion stage climate protest at McKinsey's London office

Civil disobedience group Extinction Rebellion staged a protest outside McKinsey & Company's London office on Friday to demand the consulting firm use its influence over companies and governments to..
Reuters - Published

Pete Buttigieg released names of clients while he worked at McKinsey

Pete Buttegeg faced mounting scrutiny for his lack of transparency about his client list from management consulting firm McKinsey and Company.
USATODAY.com - Published

Pete Buttigieg Releases List of McKinsey Clients

The list is the latest in a series of disclosures his campaign has made after it was criticized for lacking transparency.
NYTimes.com - Published

McKinsey Gives Pete Buttigieg Permission to Disclose Clients

Mr. Buttigieg will also open his fund-raisers to the press and identify people raising money for his campaign, in a significant concession from a candidate facing pressure over transparency.
NYTimes.com - Published

Elizabeth Warren Earned $1.9 Million Over 3 Decades for Corporate and Legal Work

While demanding that an opponent, Pete Buttigieg, disclose his McKinsey clients, Ms. Warren provided a fuller explanation of her compensation as a legal consultant.
NYTimes.com - Published

Buttigieg Struggles to Square Transparency With Lack of Disclosure on Consulting

Mr. Buttigieg says he has no choice but to honor the nondisclosure agreement he signed while working for McKinsey & Company. Critics say it undermines his image of transparency.
NYTimes.com - Published

When Pete Buttigieg Was One of McKinsey’s ‘Whiz Kids’

The candidate, citing a nondisclosure agreement, has been largely mum about his stint at “the firm.” Former McKinsey employees helped fill in the blanks.
NYTimes.com - Published

How McKinsey Helped the Trump Administration Carry Out Its Immigration Policies

Newly uncovered documents show the consulting giant helped ICE find “detention savings opportunities” — including measures the agency’s staff sometimes viewed as too harsh on immigrants.
NYTimes.com - Published

LA loses $36 billion a year from housing crunch, McKinsey says

la loses $36 billion a year from housing crunch, mckinsey says
By Noah Buhayar, Bloomberg Los Angeles County loses out on as much as $36 billion in economic growth every year because people are paying too much to keep a roof over their heads. That’s the analysis..
WorldNews - Published

Automation poses increased job risks for African American workers

Black workers in the fast-food, retail and customer-service industries are at higher risk of losing their jobs as companies invest more in labor-replacing technologies between now and 2030, according..
CBS News - Published

McKinsey & Co. to open its own store in Mall of America

Ace management consulting firm is opening an experimental store at the country's biggest mall — first up: underwear
CBS News - Published

Canada appoints former McKinsey consultant envoy to China, business groups pleased

Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade..
Reuters - Published

African Americans underserved by U.S. banks: study

Many African Americans have difficulty accumulating savings in part because they lack access to mainstream financial services like banking, a new study on the contributing factors to the U.S. racial..
Reuters - Published