Anyone else read the FT article? ... Valeant’s downfall is not exactly McKinsey’s fault but its fingerprints are everywhere.

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....Doesn't PwC audit them...?

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....ah nice

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Yahoo

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AT&T and "mobile phones won't take off"

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For those without access: 3/6 of the senior execs previously worked at McKinsey. Valeant's Ex-McKinsey CEO overextended the consulting strategy, eschewing R&D for costly acquisitions. The attitude amongst the McKinsey execs was to pump the stock via short-sighted policy (CEO's stock comp topped out at $2.6bn).

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Enron, Valeant, ......

Following

Who designed the comp system?

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Article seems biased. Mention only two companies that face disaster due to McK consultants, Valeant and Enron. Seems like author has something against McK. 2000 to 2010 was time for comparatively small players to put cuts on their R&D. Yes. McK consultant did take wrong decisions but let's not generalize this.

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