Mike Forsyth: McKinsey changed along with the financialization of Wall Street in the 1980s. All state, which was this stayed very conservative with a small sea company owned by Sears for many, many decades. The good hands people spun off from Sears in the early 1990s. And their new executives wanted to cash in on this huge boom in CEO pay,. stock options and everything. Chris Hill: So don't buy or sell stocks based on what you hear tomorrow.
One of the most powerful private companies in the world is also one of the most secretive. Michael Forsythe is an investigative reporter for The New York Times and co-author of the new book “When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm.” Forsythe joined Ricky Mulvey to discuss: - Why Fortune 500 companies pay millions of dollars for the firm’s advice - What “The Carnegie Way” meant for US Steel - McKinsey’s relationship with the FDA and what it means for drugmakers
Companies mentioned: X, BIIB, ALL, DIS, WMT, PNGAY
Host: Ricky Mulvey Guest: Michael Forsythe Engineer: Dan Boyd
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