Consulting services are vital because they improving corporate synergy by utilizing market solutions and relocating potential where it is needed most.
Well, consulting is often used because they need an answer to a question. That may be open-ended like:
"What moves should we make to expand our business?"
But other times they just want confirmation:
"Should we merge with Discovery?" (Sure, I guess. Here are some reasons you could. cha-ching)
"Should we split with Discovery?" (Sure, I guess. Here are some reasons you could. cha-ching)
Other times they just need to pay people to give them excuses to lay off people. McKinsey's always available for that.
TLC used to be The Learning Channel. Before it was “here’s a bunch of children who are being sexually abused behind the camera,” it was educational outreach. Vocational training. Satellite college courses for people in Alaska and Appalachia.
Then Discovery bought it. Fuck Discovery.
"What's your advice?"
"My advice is to not take my advice. That'll be 63 million dollars, please."
They've developed a perpetual consulting loop. Genius.
In, fire 30 percent of the workforce, new logo, boom, out.
You are now a fully trained management consultant.
Isn't the google ceo a McKinsey stooge?
From my (fortunately) brief experience in software consulting, I can confirm that is an important unwritten rule of the job. It doesn't matter what exactly you sell to customers, as long as they are willing to buy it and come back. It explains why a lot of software is dogshit.
C'mon now...
If they can't charge all that money to be wrong. How can they pay the US government the $722,000,000.00 they owe?
The Justice Department said McKinsey Africa had received credit for cooperating with its investigation and conducting anti-corruption training for employees. The $122,850,000 McKinsey has agreed to fork up includes a penalty it will pay in South Africa.
McKinsey is also in talks with the Justice Department to pay more than $600 million to resolve a separate investigation into the consulting firm's work helping opioid manufacturers boost sales that allegedly contributed to a deadly addiction epidemic, people familiar with the matter have told Reuters.
You think Purdue Pharma could have made all those drug addicts customers without McKinsey pushing pills for them?
Won't some think of the Billionaires stock portfolios!
Legends.
On the other hand, they're grifting Zaslav, who is possibly the worst person in show business, so...maybe let them cook.
Fuck McKinsey.
Why are consulting companies so successful? Is it all connections? Their role in appeasing investors by external intervention and change (no matter how useful)?
It's not the conclusions that are important. It's how snazzy the PowerPoint presentation is. If you pay them more, there will even be bar charts.
The real skill isn't the advice - it's convincing executives that contradicting your previous $100M recommendation somehow validates hiring you again.
🐱🐱🐱🐱🐱
A critical part of being a consultant is personally knowing rich people who will pay you millions of dollars for your advice, regardless of what it is. "Giving good advice" is barely relevant.
Business consultations always look like such huge grifts. Here is the reason why they are so expensive though: many times startups and companies that take consultation fail and declare bankruptcy and don't pay the consultancy fees they were supposed to pay. So they charge others extra to (over) compensate. I wonder how they justify their existence, probably by coming up with some made up statistics about how they make many companies more successful. I am pretty sure they are also behind AI enshittification by suggesting companies to jump on the band wagon.
All consulting is like this. It’s a way to offload blame for your decisions by not making any in-house.
I think it was Last Week Tonight that covered Mckinsey's consultation history and, shocker, they almost always recommend increases to executive compensation.
TIl, I could do this job.
Consulting services rarely are there to help figure out what to do, they're there to help convince other people that what you want to do is the right move.
I don't know who this person is but something tells me he is the son of a wealthy family who has connections to all of those brands.
How far off am i?
That job does not sound like a real job, it sounds like a job title that is a thinly veiled excuse to arrange perpetual exclusive socialism for the rich.
Thank you for reading my analysis, the bill, regardless wether i am correct is about 69.420mil
Man I wish I knew how to grift rich people like this
I wish I could be paid that much to be wrong all the time.
Insane how quickly the HBO brand went from penthouse to basement.
Do this, do that, now go back the way you started. That'll be $155 million. Be sure to smash that Like button and don't forget to Subscribe!
So, this bastard and Zaslav are the reason I can't watch older seasons of Expeditions Unknown on HBOMax. Fuck 'em both.
This company also advised multiple large opiate manufacturers.
I thought CEOs commanded wildly exorbitant salaries because they were super smart and made all the decisions. Why would a consulting firm exist?
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