Tag: McKinsey

McKinsey Accused of ‘Serious’ Conflict of Interest in Opioid Consulting

A Congressional report alleges that consulting firm McKinsey engaged in a “serious conflict of interest” by working for the U.S. government on issues relating to the opioid epidemic while, at the same time, advising drugmakers, including on projects meant to persuade regulators about the safety of opioid products. The U.S. House Oversight Committee alleged in…


Opposition Parties Call for Audit Into McKinsey Government Contracts

Conservative MPs have written to Canada’s auditor-general to ask her to investigate the government’s issuance of contracts to consulting firm McKinsey & Company which the Tories say has close ties to the Liberal Party. The MPs were reacting to a Jan. 18 Globe and Mail report which said the previous Conservative government under Stephen Harper…


Ex-McKinsey Partner Pleads Guilty to Insider Trading Charge

NEW YORK—A former partner at the McKinsey consulting firm pleaded guilty to insider trading ahead of Goldman Sachs Group Inc’s agreement to buy fintech lender GreenSky Inc for $2.24 billion, U.S. prosecutors said on Wednesday. Puneet Dikshit, 40, pleaded guilty to one count of securities fraud. He was charged last month for allegedly generating about…


Why Is McKinsey Providing Counsel to Both China and the US?

Commentary Powerful people, including ex-presidents, have spoken about shadow governments; the idea that real power resides with private individuals, not with elected officials. “Behind the ostensible government,” warned Teddy Roosevelt, “sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people.” The first task of a true statesman, he argued, involved the…


Partner at McKinsey Management Consulting Company Charged With Insider Trading

A partner at McKinsey, the world’s largest consulting company, has been charged with illegal insider trading in advance of a Goldman Sachs deal with finance and technology lender GreenSky, the Securities and Exchange Commission (SEC) announced on Wednesday. In a press release, the SEC said Puneet Dikshit, a partner at the global management consulting firm, was trading…


McKinsey Hit With Fresh Opioid Lawsuit as NYC Sues Over ‘Worst Man-Made Epidemic in History’

New York City and nearly two dozen New York counties have filed a lawsuit against McKinsey & Company, accusing the consulting firm of turbocharging the opioid epidemic by helping devise strategies to boost sales of the addictive painkillers. The lawsuit against McKinsey was filed in Suffolk County’s state Supreme Court on Tuesday, with the plaintiffs…