Okay, so McKinsey's getting called out again. Surprise, surprise. This time it's for some FT Alphaville article titled "Axes of Evil: McKinsey squares the circle" by Louis Ashworth. Sounds dramatic, right? Like we're about to uncover some deep, dark conspiracy. But let's be real, it's probably just another consultant patting themselves on the back while rearranging deck chairs on the Titanic. I mean, come on, "Axes of Evil"? Give me a break.
McKinsey: Still Milking the Same Old Cow?
The article apparently includes a chart. A zoomable chart, no less! Oh, the innovation! Honestly, does anyone actually read these things beyond the first paragraph? It's always the same song and dance with these management consulting firms. Promise the moon, deliver a PowerPoint presentation full of buzzwords, and then bill the client into oblivion. And people keep falling for it.
And it's categorized under "Management consulting". You don't say!
The article also references UBS's "bubble trouble." So, what, McKinsey's claiming they can predict the next financial meltdown? Or are they just trying to sound smart by name-dropping a previous one? I swear, these guys could sell ice to Eskimos. Or, more accurately, sell "strategic, disruptive, and synergistic" ice to Eskimos at a 500% markup.
BCG's Risk Officer Shuffle: Damage Control 101
Then there's Boston Consulting Group (BCG) appointing a new chief risk officer after some Gaza aid controversy. Translation: someone screwed up badly and now they're scrambling to cover their asses. Appointing a new CRO is like slapping a Band-Aid on a severed limb. It might look like you're doing something, but it doesn't actually fix the underlying problem. Offcourse, this is just my opinion.
What was the controversy, anyway? Details are suspiciously scarce. Did they accidentally fund the wrong side? Did they mismanage the aid distribution? Or was it something even more embarrassing? The silence is deafening. You know what they say: where there's smoke, there's a raging dumpster fire of bad PR.
I wonder if this will affect their bottom line. Probably not. These firms are too big to fail. They're like cockroaches; they'll survive anything. But hey, at least they're pretending to care about risk management now. That's gotta count for something, right?
The Consulting Industrial Complex: A Never-Ending Cycle
So, McKinsey writes an article that's probably full of hot air, and BCG has a PR crisis. Business as usual, then. The consulting industrial complex grinds on, churning out reports, rearranging org charts, and raking in the cash. And we, the suckers, keep paying for it all. It's like we're trapped in some kind of bizarre, never-ending Groundhog Day, except instead of Bill Murray, we're stuck with a bunch of overpaid consultants.
Then again, maybe I'm the crazy one here. Maybe McKinsey really does have the answers. Maybe BCG really is committed to ethical behavior. Maybe pigs will fly.
So, What's the Real Story?
It's all just smoke and mirrors. McKinsey and BCG are masters of illusion, convincing companies that they need their "expertise" to solve problems that often don't even exist. They're not actually fixing anything; they're just perpetuating the cycle of dependency. And honestly, I'm sick of it.
