Behind the Scenes, McKinsey Guided Companies at the Center of the Opioid Crisis

The consulting firm offered clients “in-depth experience in narcotics,” from poppy fields to pills more powerful than Purdue’s OxyContin.

#acquired-immune-deficiency-syndrome, #appalachian-region, #centers-for-disease-control-and-prevention, #consultants, #drug-abuse-and-traffic, #drug-enforcement-administration, #drugs-pharmaceuticals, #endo, #food-and-drug-administration, #johnsonjohnson, #mckinseyco, #opana, #opioids-and-opiates, #oxycontin-drug, #pain-relieving-drugs, #poppies, #purdue-pharma, #united-states

Congress Has to Ask How Much McKinsey Hurt the F.D.A.

Three critical questions to secure F.D.A. integrity.

#conflicts-of-interest, #consultants, #drugs-pharmaceuticals, #food-and-drug-administration, #mckinseyco, #opioids-and-opiates

McKinsey Opened a Door in Its Firewall Between Pharma Clients and Regulators

The firm let consultants advise both drugmakers and their government overseers, internal records show. “Who we know and what we know” was part of their pitch.

#azar-alex-m-ii, #conflicts-of-interest, #drugs-pharmaceuticals, #food-and-drug-administration, #mckinseyco, #opioids-and-opiates, #purdue-pharma, #regulation-and-deregulation-of-industry

Macron Goes on Defensive Over Use of McKinsey and Other Consultants

President Emmanuel Macron’s opponents have criticized the French government for paying at least a billion dollars last year to private consulting firms.

#consultants, #elections, #france, #government-contracts-and-procurement, #macron-emmanuel-1977, #mckinseyco, #politics-and-government

Congress Is Investigating McKinsey Over Its Role in the Opioid Crisis

A House committee has requested documents related to the firm’s advice to drug makers and potential conflicts of interest with the F.D.A.

#food-and-drug-administration, #house-committee-on-oversight-and-government-reform, #maloney-carolyn-b, #mckinseyco, #opioids-and-opiates, #oxycontin-drug, #united-states-politics-and-government

At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters

A letter signed by more than 1,100 employees has called for change at the consulting firm, which has advised at least 43 of the 100 most environmentally damaging companies.

#air-pollution, #boston-consulting-group, #bp-plc, #chevron-corporation, #coal, #exxon-mobil-corp, #gazprom, #global-warming, #greenhouse-gas-emissions, #mckinseyco, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #saudi-aramco, #teck-resources-ltd, #texaco-inc, #united-nations

Don’t Let the Fossil Fuel Industry Pivot to Toxic Plastics and Chemicals

As we confront climate change, focusing on a single metric, like greenhouse gas emissions, could leave other harmful practices unaddressed.

#africa, #chemicals, #environmental-protection-agency, #european-commission, #european-union, #far-east-south-and-southeast-asia-and-pacific-areas, #flame-retardants, #global-warming, #greenhouse-gas-emissions, #hazardous-and-toxic-substances, #international-energy-agency, #mckinseyco, #national-academies-of-the-united-states, #natural-gas, #ohio, #oil-petroleum-and-gasoline, #pennsylvania, #plastics, #recycling-of-waste-materials, #united-states, #waste-materials-and-disposal

Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker

A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Chaos ensued.

#automobiles, #banking-and-financial-institutions, #blackrock-inc, #cleveland-ohio, #detroit-mich, #diamondpeak-holdings, #electric-and-hybrid-vehicles, #general-motors, #goldman-sachs-group-inc, #initial-public-offerings, #lordstown-ohio, #lordstown-motors-corp, #mckinseyco, #mergers-acquisitions-and-divestitures, #ohio, #slovenia, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #suits-and-litigation-civil, #workhorse-group-inc

Global Shortages During Coronavirus Reveal Failings of Just in Time Manufacturing

Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories.

#automobiles, #calvin-klein-inc, #computer-chips, #coronavirus-2019-ncov, #executive-compensation, #factories-and-manufacturing, #ford-henry, #intel-corporation, #international-trade-and-world-market, #mckinseyco, #nike-inc, #quarantine-life-and-culture, #ships-and-shipping, #shutdowns-institutional, #stock-buybacks, #stockpiling, #stocks-and-bonds, #taiwan-semiconductor-manufacturing-company-ltd, #toyota-motor-corp, #united-states-economy

Hollywood Loses $10 Billion a Year Due to Lack of Diversity, Study Finds

A McKinsey report that combined previous research and new interviews argues that concrete steps like company bonuses tied to improved representation can lead to change.

#black-people, #discrimination, #mckinseyco, #movies, #television

Head of McKinsey Is Voted Out as Firm Faces Reckoning on Opioid Crisis

Partners decided not to keep Kevin Sneader in the top job. Weeks earlier, McKinsey had reached a historic settlement agreement in the U.S. over its advice to drugmakers.

#layoffs-and-job-reductions, #mckinseyco, #opioids-and-opiates, #oxycontin-drug, #purdue-pharma, #sneader-kevin

France Hired McKinsey to Help in the Pandemic. Then Came the Questions.

After previously undisclosed contracts were revealed, the company has become a magnet for criticism in France’s vaccine rollout.

#accenture-ltd, #coronavirus-2019-ncov, #france, #government-contracts-and-procurement, #les-republicains-france, #macron-emmanuel-1977, #mckinseyco, #vaccination-and-immunization

McKinsey Settles for $573 Million Over Role in Opioid Crisis

The consulting firm has reached the agreement with 47 states because of its advice to drugmakers, including Purdue Pharma, the manufacturer of OxyContin.

#addiction-psychology, #deaths-fatalities, #drug-abuse-and-traffic, #drugs-pharmaceuticals, #mckinseyco, #opioids-and-opiates, #oxycontin-drug, #pain-relieving-drugs, #purdue-pharma, #sackler-family, #suits-and-litigation-civil

McKinsey Issues a Rare Apology for Its Role in OxyContin Sales

The firm faced criticism after a report revealed that consultants had discussed destroying documents related to the opioid business and proposed that a drugmaker pay its distributors rebates for overdoses.

#drug-abuse-and-traffic, #drugs-pharmaceuticals, #hawley-josh-d-1979, #house-of-representatives, #mckinseyco, #murphy-philip-d-1957, #opioids-and-opiates, #oxycontin-drug, #pain-relieving-drugs, #purdue-pharma, #schatz-brian, #senate

McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

Court filings reveal consultants’ talk of a records purge during the opioid crisis, and shed new light on sales advice given to the billionaire Sackler family and their drug company, Purdue Pharma.

#cvs-caremark-corporation, #deaths-fatalities, #drug-abuse-and-traffic, #drugs-pharmaceuticals, #food-and-drug-administration, #mallinckrodt-pharmaceuticals, #mckinseyco, #opioids-and-opiates, #oxycontin-drug, #pain-relieving-drugs, #purdue-pharma, #sackler-family, #sackler-raymond-1920-2017, #sackler-richard-1945, #suits-and-litigation-civil

Subway Service Could Be Cut 40% if No Federal Aid Arrives

On Wednesday, transit officials announced some new details of proposed service cuts, including slashing weekend service and eliminating bus lines, to address its multibillion-dollar budget hole.

#budgets-and-budgeting, #buses, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #foran-robert-e, #mckinseyco, #metropolitan-transportation-authority, #stimulus-economic, #subways, #transit-systems, #transit-workers-union, #tri-state-transportation-campaign

Wealthy Millennial Women Tend to Defer to Husbands on Investing

Even the most educated and high-achieving women do not participate equally with their husbands in long-term financial decision making, according to a study.

#coronavirus-2019-ncov, #divorce-separations-and-annulments, #ellevest, #financial-planners, #ginsburg-ruth-bader, #high-net-worth-individuals, #krawcheck-sallie-l, #lowry-erin, #mckinseyco, #millennial-generation, #national-womens-law-center, #porter-katie-1974, #research, #ubs-ag, #women-and-girls, #womens-rights

C.E.O.s Rediscover the Family Dinner Table

Remote work during the coronavirus pandemic has given executives with children a taste of a different way to live.

#beyond-meat-inc, #blakely-sara, #children-and-childhood, #coronavirus-2019-ncov, #dimon-james, #ellevest, #executives-and-management-theory, #foley-john-fitness-executive, #krawcheck-sallie-l, #mckinseyco, #new-york-city, #parenting, #quarantine-life-and-culture, #videophones-and-videoconferencing