Former McKinsey partner receives six-month prison sentence for hindering investigations into the opioid crisis.
Former McKinsey Partner Sentenced for Record Destruction A former senior partner at McKinsey & Company has been sentenced to six months in federal prison for destroying records related to the company’s efforts to significantly boost sales of Purdue Pharma’s Oxycontin during the opioid epidemic. Martin Elling, 60, pleaded guilty in January to obstructing justice amid […]
‘Source Of Profound Regret’: McKinsey Pays Half Billion Settlement To Avoid Prosecution For Fueling Opioid Crisis
A consulting giant that fueled America's deadly opioid epidemic has agreed to pay a huge settlement to avoid criminal prosecution, according to court documents filed Friday. McKinsey & Company is an international management consulting firm. advised Purdue Pharma enters into a deferred prosecution agreement with the Department of Justice (DOJ) that requires it to pay […]
McKinsey to pay $650M to settle DOJ criminal opioid probe
McKinsey & Company agrees to pay $650 million to resolve a Justice Department investigation into the consulting firm's work advising opioid maker OxyContin maker Purdue Pharma on how to increase sales did. McKinsey has filed a five-year lawsuit in federal court in Abingdon, Virginia, to resolve criminal charges brought as part of a rare corporate […]
McKinsey nears $600m settlement with US government over role in opioid crisis | Opioids crisis
McKinsey & Co. is in the final stages of negotiating a deferred prosecution agreement to resolve a U.S. criminal investigation into the consulting firm's work that helped boost sales for opioid manufacturers that are said to have contributed to a deadly addiction epidemic. Officials have revealed that there are. McKinsey & Co. is in talks […]
FTC probes AI-powered ‘surveillance pricing’ at firms including Mastercard, JPMorgan Chase, McKinsey
Sarah Ponczek and Luke Lloyd discuss the technology and AI landscape, the impact on air freight and ocean shipping rates with Shein and Temu, and how the federal government will handle rates. The Federal Trade Commission (FTC) announced Tuesday that it has launched an investigation into eight companies that offer surveillance pricing tools. Artificial Intelligence […]
McKinsey Study That Spawned Corporate DEI Programs Unravels
As the wind slowly goes out of the sails of corporate diversity, equity, and inclusion programs, it’s worth noting just how much purveyors of this nonsense have peddled their ideology under the false premise of data, science, and research. The Wall Street Journal published an article Friday about how the consulting firm McKinsey announced in […]
McKinsey offering employees 9 months pay, career training to leave the firm
Check out what’s being clicked on FoxBusiness.com McKinsey & Company is offering nine months’ salary and career training to employees who want to leave the company. times reported on Saturday They analyzed the movements based on anonymous sources and correlated them with staffing levels at management consulting firms. The Times said McKinsey has offered the […]
Crypto Hiring: McKinsey exec joins Ondo Finance – Blockworks
Ian de Bord left his job as head of digital assets at blue-chip consulting firm McKinsey & Company to join real-world assets startup Ondo Finance. Mr. De Bode will become Ondo’s Chief Strategy Officer and is a new hire to the company from the traditional large financial industry. Ondo founder and CEO Nathan Allman comes […]
Bottom Line: McKinsey adds lobbyists amid foreign work scrutiny
work McKinsey & Company hired harbinger strategy Educate policy makers about corporate activities. At a Senate subcommittee hearing last month, senators blasted McKinsey Global Managing Partner Bob Sternfels’ work on the Saudi Arabian Public Investment Fund and Chinese state-owned enterprises. One of the account’s lobbyists, John Leganski, joined Harbinger in January after working in former […]