Why Taxpayers Pay McKinsey $3M a Year for a Recent College Graduate Contractor

Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg... by jshaqaw on Thursday December 05, 2019 @04:41PM (#21716888)

I meant that C suite folks see McKinsey Directors as people at their level of judgement and skill who they can talk to in an open and honest manner to get advice. I’m not saying this is good/bad or right/wrong. Lots of CEOs want a consigliere with good advice who is on their side and that’s what they pay to get with a Director.

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Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg... by iudqnolq on Thursday December 05, 2019 @06:30PM (#21717823)

Thanks for the clarification. I think my mistake was interpreting what you said as the perspective of a hypothetical company and thus assuming you meant a peer-level company. It seems in general McKinsey is rather targeted at the C-Level.

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Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg... by ethbro on Friday December 06, 2019 @07:13AM (#21721108)

It's typically targeted at someone of sufficient seniority that the cost of McKinsey is negligible when compared to the cost of doing the wrong / less optimal thing.

Or, in other words, if a manager makes a wrong decision then it costs the company $x00,000. If an SVP or C-level screws up, it costs the company $x0,000,000+.

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