MCKINSEY UNCOVERED: INSIDE THE WORLD'S MOST SINISTER COMPANY

Let it be known that Steven has no intention of committing suicide. You know they aren't going to be happy that he's outing them for this.

Did you know just how evil Mckinsey & Co was?!

This format of crowder is friggin awesome!

An old University Lecturer once told us the definition of a Consultant as follows "Its the person that stops you in the street, asks to borrow your watch and then charges you to tell you the time". Profound words that I have never forgotten to this day!

If Crowder starts doing more of this format, I'll be joining Mug Club. This is far better than their regular daily format.

The best analogy I've heard regarding consulting firms is, "You hand a consultant your watch and they tell you what time it is."

I love that Steven called out the Umbrella Corporation and brought light to what it did to Raccoon City.

I worked for a multinational oilfield service company with operations in TX. The engineers who performed services with the companies equipment (went out a worked on wells) received a high portion of their compensation in the form of a bonus off of job tickets, as in like 40%+ of total compensation. So a typical engineer would be salaried at 80-90k and depending on how many jobs and the type of jobs they ran would make 150-200k yearly. It was highly skilled, highly experience driven work. Engineers were in short supply, especially those with specialized experience. Enter McKinsey. Who came into consult about cutting cost. They cut the number of support personnel that they didn't see as being that critical to profitability- namely a couple of mechanics and specialists technicians and this had its own first, second and third order effects... don't worry. Then.....and quite Naturally highly compensated employees were targets. On McKinsey's advice, they systemically fired about half of the Engineers specifically the older experienced most expensive employees. They brought in Engineers from Venezuela, Thailand and Iraq. Now if you think this an angry rant about foreign workers stealing American jobs, your wrong, because the company treated the foreign engineers way worse. Often their experience and skill wasn't on par with the senior engineers the company had fired but even when it was, the company treated them like dirt. US based engineers would typically work a 14 on -7 off schedule, the foreign engineers would get like 2 days sporadically off a month, maybe. Cause ya know, eff your family and kids. They would be salaried less and their job bonuses would be yanked for little to no reason. Meaning they would do the work for maybe 70k that a US engineer would do for 150k with no time off. If a foreign engineer wanted to go manager and protest a job bonus worth $5000 being yanked arbitrarily, the company only had to clear their throat and remind him of his work visa, because going home and telling his wife and 3 children they'd have to go back to Columbia or Venezuela wasn't happening. Basically they held the work visa over their heads and pulled crap they would have never pulled on the US engineers because they would have told management to go eff themselves and gone down the road for a better job. Foreign engineers had no such leverage and were treated like dirt. Yes, they did take our jobs but I think just how poorly they were treated by the company is a highly relevant part of the story. The company didn't invest in training these engineers either, if they messed up or didn't have the skills, they were simply fired. 6 months after this shakeup, the US business was shut down for hemorrhaging money. Experienced engineers had long lasting and often personally maintained relationships with lucrative clients when those engineers left, major contracts followed them out the door. Burned out engineers who are home maybe 2 days a month running equipment that is very recently suddenly poorly maintained when they fired technicians who'd worked at the company for 10+ years (hey let's make 1 guy do the work of 3 guys on our complex tools, he wont mind! Imagine the cost savings, you guys are doing to many maintenance procedures anyways) wasn't a winning formula. But sure, they saved alot of money on labor cost and in the short term made the company way more profitable for all of maybe 8 weeks. It was a great company before all of this. It went from the best place I've ever worked to the worst over 2 weeks. Fuck McKinsey and managerial asshole elitists types. *edited for Grammer and clarity

I’d like to see more reports like this. This just goes to show what these companies are really focused on

I feel so stupid for not knowing about this company until now.