Sandra Laville and Nils Pratley
Tuesday June 14, 2005
The Guardian
Variously described as the Brotherhood, the Firm, or the Jesuits of capitalism, the global consultancy firm McKinsey likes to maintain an aura of secrecy around its work. It never advertises for clients and through a close network of alumni across the international business world it has developed an elite and loyal following who endorse the need to keep the secrets of success within the extended family.
With McKinsey consultants right at the heart of government, however, questions about the company's philosophy, cost-effectiveness and level of influence on policy are increasingly being asked.
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McKinsey's blue-chip reputation was shaken in the 1990s when its involvement with Enron, the energy company that collapsed in scandal and accounting irregularities, was revealed in detail.
Enron was regarded as the house that McKinsey built. The consultants were being paid $10m a year for their advice; the company was run by Jeffrey Skilling, a former McKinsey partner; and the in-house journal the McKinsey Quarterly regularly lauded Enron as an exemplar of its philosophy of "creative destruction".
More:
http://politics.guardian.co.uk/whitehall/story/0,9061,1505868,00.html