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Happy Thursday y’all
Has anyone bought an X-Chair office chair?
Rising Star
Rising Star
Finally found THE one, after over a year of searching and trying out at least 5 different ones!
A nice comfortable office chair.
https://ergochair.co/collections/chairs/products/ergonomics-mesh-chair-w-adjustable-headrest-and-armrest?variant=32511617597491
My criteria: mesh seat and back, arms, headrest
I tried cheap ones from Amazon. Expensive, second hand gaming chairs. Tried HM Aeron (second hand) and while I didn't like the bulk and the general design, I was sold on the mesh seating. I wanted to get the ErgoChair 2 from autonomous, but it doesn't have mesh seat.
AMA.
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McK invented the game, everyone else just plays it.
Sorry for being arrogant, but just the observation - my worst experience in the past 5 years in McKinsey was with ex-Accenture folks. They were always micromanaging, super into process rather than actual content, strangely hierarchical, and simply didn’t understand concept of ownership. But they were great in systemizing box folders.
Chief
Actually strangely agree. I generally like most people at Alix- but the ones I don’t often came from Accenture
Who do you think Julie hired to define Accenture's approach to org design, LOL
Rising Star
😂
Chief
Im pretty sure that is McKinsey’s classic playbook that everyone follows.
Pro
Not making much use of the Ivy League education…
ACN: 65B revenue at 18% EBITDA margin= $12B EBITDA
MCK: 16B revenue at <30% EBITDA margin (very generous, monopoly/industrials) = $4.8B EBITDA
Optimistic EV/EBITDA multiple = 25x * 4.8= McKinsey $120B EV
ACN holds $22B in cash/receivables and practically no debt. Could easily raise $100B debt/equity financing assuming a willing sale.
Probably not a wise financial decision given our recent growth guidance but it could be done. The arrogance to think you have a shred in common with Nvidia…
McKinsey would be unlikely at 25 times if you look at historical multiples on deals like this.
I thought we were buying Bain.
Chief
That’s a small sample size tho
Accenture definitely invented it in mass. Look at what happened in 2020.
Chief
And 2008 - was there for the tail end of that one
Rising Star
I don’t think Accenture is big enough to buy mckinsey.
4x the revenue, sure. But a fraction of the margin. Our EBITDA margin is certainly a lot higher than accenture. Accentures is like 15-20% which is far lower than any reputable management consulting firm.
On top of that, McKinsey would trade at a much greater EV/EBITDA than Accenture
Accenture just isn’t valuable enough to acquire McKinsey
You are also looking at our after tax net margin. If you had access to McKinseys actual income statement (which you don’t), you would see that margin after all expenses are not as fat as you might imagine.
Rising Star
Forced attrition for low performers is literally the strategy consulting model. It’s been around for a long time Op. McKinsey probably did invent it.
Principal 1 - we are talking about high performers being let go under the guise of performance issues because of lack of work.
What part of our playbook pays managers 315k to leave? Asking for myself
I was let go by accenture after my return from maternity leave. I had positive reviews from everyone i worked with and who expressed support for me even after i was let go, save one very difficult interaction i had with a co-worker from a project i had worked with while i was in the middle of debilitating pregnancy complications and COVID, and another project where i had to hand it off midway because i was days away from my due date and my manager forced me to go through with the project anyway. I'm now in an in-house strategy role with better hours, and have found more opportunities to develop new skillsets while spending time with my newborn and haven't looked back since. i'm glad i'm spending my workdays developing myself and making real impact, and not wasting my time on a team that's struggling to get commercial transaction, spending hours late into the night putting together slide decks and charts to support recycled analyses packaged as "macro foresight."
That’s what Slalom did.
Slalom should acquire Accenture after Accenture acquires McK
We 1000% have tried buying an MBB. Buying C-suite access would be a no brainer. No one has ever agreed to terms.
Looking at how the market is disrupting our industry and how we, Accenture are living off our tech and outsourcing, maybe now’s finally the time for someone to take our calls.
We tried to buy Bain in 2015.
Sc1: most consulting companies don’t care for their employees. They care more about billable hours . Glad you found something better !