McKinsey's advice had disastrous consequences for many of the workers at US Steel. The company didn't return to profitability with this McKinsey plan and they abandoned it. And that coincided with some pretty grizzly deaths of some workers in that plant.
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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