We’ve talked about it here before but this is a good read about how McKinsey and Co — Wells Fargo’s business consultant — “routinely pushes profits over ethical conduct” and has a hand in su-king the life out of companies, communities and employees while negatively impacting customers and consumer safety everywhere.
https://www.currentaffairs.org/news/2023/02/exposing-the-secretive-and-sinister-work-of-mckinsey-co
The following paragraph caught my eye and describes Charlie Scharf and his talentless strategy to a tee. (“Sc--w the customer and sc--w the employee to increase revenue.”)
“McKinsey’s #1 strategy is always ‘cut, cut, cut’. The easiest way to boost profits and the bottom line is to cut expenses. It’s much more difficult to actually produce a better product or invent something—that’s on the revenue side. That takes work, creativity, and skill. It doesn’t take any damn skill to lop off a quarter of the workforce and say, ‘good luck’, or to offshore those jobs, as they [have] over and over again. They were one of the biggest cheerleaders of offshoring, and that obviously has an effect on the families of these people who lost their jobs, but also on the communities in which they live. So, they have had a hugely negative impact in many communities in this country.”