McKinsey In The Crosshairs

By on April 15, 2019

April 15, 2019

The New York Times features a prominent critic of consulting firm McKinsey, himself a billionaire and sometime McKinsey competitor in the bankruptcy consulting business. Jay Alix says that since it entered that business in 2001, McKinsey has been failing to file required disclosures and has thereby concealed a pattern of self-dealing and conflict of interest. Alix has spent millions of dollars over a period of years going up against McKinsey, appearing before bankruptcy courts in numerous states. Rick Wagoner, the former CEO of General Motors who hired Alix in 1992 for help in what proved to be the successful revival and sale of GM’s car rental business, compares him to a dog with a shoe in its mouth once he gets something on his mind. Alix says he likes solving big problems and call this a big problem. Currently he has a RICO case targeting McKinsey before the federal district court in Manhattan. McKinsey, in asking for the case to be dismissed, calls it “the latest installment in an escalating pattern of anticompetitive behavior…”

 

Read the full article at:

The New York Times

Leave a Reply

Your email address will not be published. Required fields are marked *

Do NOT follow this link or you will be banned from the site!