Breakingviews - McKinsey’s public problem may have public solution

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McKinsey may not care whether it’s on the right side of history, but its clients and employees surely do. The ouster of boss Kevin Sneader, a $573 million settlement over advice it gave to opioid maker Purdue Pharma, and work for the U.S. immigration authorities and Saudi...

The logo of consulting firm McKinsey and Company is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau

Sneader, who was unusually denied a second three-year term in the firm’s ongoing internal elections, took steps to weed out unsavory clients, like beefing up the committee that vets controversial relationships. McKinsey rides on its reputation, after all. But it needs a more obvious revamp if it wants to attract the brightest talent and retain clients grappling with their own purpose. It doesn’t help that Sneader’s successor, to be selected in the coming days, will be an insider.

 

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