McKinsey & Co.

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McKinsey 'Deeply Sorry' for Helping Drugmaker Push Oxy

Consulting firm to pay $650M in settlement after assisting with Purdue Pharma's opioids push

(Newser) - The McKinsey & Company consulting firm has agreed to pay $650 million to settle a federal investigation into its work to help opioids manufacturer Purdue Pharma boost the sales of the highly addictive drug OxyContin, per court papers filed in Virginia on Friday. The AP reports that, as part of...

Report: McKinsey Is Target of Opioid-Related Criminal Probe

Grand jury has been empaneled after years-long federal investigation, sources say

(Newser) - McKinsey & Company, the consulting firm that advised companies how to "supercharge" opioid sales , is the target of a criminal investigation into its role in a crisis that has killed more Americans than any war, insiders say. Sources tell the Wall Street Journal that the Justice Department is investigating...

Consulting Giant Has Offer for So-So Employees

McKinsey will provide 9 months' pay, career counseling to get mediocre workers to leave

(Newser) - The bad news for underperforming employees at consulting giant McKinsey & Co. is that their days are numbered at the firm. The good news is that the company isn't exactly in a hurry to rush them out the door. The details:
  • An offer: Over the weekend, the UK Times
...

McKinsey Settles Opioid Claims
McKinsey Settles Opioid Claims
Dec 30, 2023 1:25 PM CST

McKinsey Settles Opioid Claims

Consulting firm collaborated with Purdue Pharma, insurers say

(Newser) - Consulting firm McKinsey and Co. has agreed to pay $78 million to settle claims from insurers and health care funds that its work with drug companies helped fuel an opioid addiction crisis. The agreement was revealed late Friday in documents filed in federal court in San Francisco. The settlement must...

Amid Opioid ODs, Firm Advised How to 'Supercharge' Sales: Report

Consulting firm McKinsey to pay $573M for role in crisis

(Newser) - The global business consulting firm McKinsey & Company has agreed to a $573 million settlement over its role in advising companies on how to "supercharge" opioid sales amid an overdose crisis, a person with knowledge of the deal told the AP on Wednesday. Sources told the New York Times...

Buttigieg: Here's the Full List of My Consulting Clients

Candidate releases McKinsey work history

(Newser) - Pete Buttigieg, under pressure from Democratic rivals including Elizabeth Warren over transparency, has released a full work history from his time at McKinsey & Co. The South Bend, Ind., mayor's clients at the international consulting firm between 2007 and 2010 included Best Buy, Blue Cross Blue Shield of Michigan,...

Report: Highly Touted Rikers Project 'Rigged' From Start

ProPublica says NYC spent millions on program that didn't work

(Newser) - New York City is shutting down the Rikers Island jail complex, long plagued with guard and inmate violence. Now, an investigative piece by the journalism organization ProPublica adds one more black eye to the mix. The story recounts how New York City, desperate to fend off bad publicity or federal...

Ex-McKinsey Exec Held by Saudis Has Been Beaten: Report

Was Hani Khoja swept up in crackdown due to corruption or as political purge by crown prince?

(Newser) - Hani Khoja abruptly stopped posting to social media in the fall of 2017, with one of his last Instagram posts showing him at a Yankees game with his kids. The Wall Street Journal is now reporting on what apparently happened to the Saudi entrepreneur and former executive at US consulting...

Here Are the 10 Best US Companies to Work For

Facebook is No. 1, based on analysis of Glassdoor reviews

(Newser) - For most of us, a good portion of our days is spent toiling at work, and while not everyone has the luxury to "do what you love," there are companies that can make the day-to-day grind substantially more pleasant. The 24/7 Wall St. ranking of the best companies...

Consultants Red-Flagged ObamaCare —in March

Nobody was looking at big picture, McKinsey found

(Newser) - Add consulting firm McKinsey & Co. to the list of who can now say "I told you so" about the disastrous rollout of ObamaCare. A private consulting team brought in to assess the mammoth project warned back in March that the launch of HealthCare.gov could be risky—and...

Guess Where Even the Interns Make $6.3K per Month

Facebook tops survey of best workplaces in America

(Newser) - It looks like Facebook should be expecting a lot more friend requests. The social networking giant just topped Glassdoor's latest employee choice awards, making it the best place to work in America, reports Slate . And what makes Facebook such a wonderful place of employment? Good people, swanky snack lounges,...

11 Stories