I think it was Last Week Tonight that covered Mckinsey's consultation history and, shocker, they almost always recommend increases to executive compensation.
this post was submitted on 26 Jun 2025
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Business consultations always look like such huge grifts. Here is the reason why they are so expensive though: many times startups and companies that take consultation fail and declare bankruptcy and don't pay the consultancy fees they were supposed to pay. So they charge others extra to (over) compensate. I wonder how they justify their existence, probably by coming up with some made up statistics about how they make many companies more successful. I am pretty sure they are also behind AI enshittification by suggesting companies to jump on the band wagon.
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The real skill isn't the advice - it's convincing executives that contradicting your previous $100M recommendation somehow validates hiring you again.
🐱🐱🐱🐱🐱
I thought CEOs commanded wildly exorbitant salaries because they were super smart and made all the decisions. Why would a consulting firm exist?
Consultants are paid to provide outside consensus. They strengthen the CEO's perceived smartness. They give it validity. McKinsey, because of its brand, provides the most value to a CEO in the boardroom.
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Do this, do that, now go back the way you started. That'll be $155 million. Be sure to smash that Like button and don't forget to Subscribe!
Man I wish I knew how to grift rich people like this
Consulting services rarely are there to help figure out what to do, they're there to help convince other people that what you want to do is the right move.
Insane how quickly the HBO brand went from penthouse to basement.
This company also advised multiple large opiate manufacturers.
So, this bastard and Zaslav are the reason I can't watch older seasons of Expeditions Unknown on HBOMax. Fuck 'em both.
To be fair, every single one of those changes was probably done by an intern and approved by a boss that didn't read it, but thought because the intern was young they had the "pulse of what's cool" in their hands. Also, we don't know know if what was done was the actual advice given. That would be a great game though, "guess who came up with that idea."
Their new company split is not splitting Warner Brothers from Discovery though. They are splitting the company in a different way.
For your added nuance and insight, submit an invoice for a couple hundred K. Seems about right for a full minute of work.