Rich Lesser of BCG is named No. 1 CEO by Glassdoor and I have heard his expansion strat for BCG is not supported by many, can anyone help share more insight abt his performance/reputation/impact etc?

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Under Rich we went from 3.5B to 10B, close to doubled profitability as a % of revenue and doubled staff. You can disagree with elements of his tenure (and God knows I do) but he’s undoubtedly been an incredibly successful CEO and he’s made his partners very much better off than they were 9 years ago. He managed to do this without any of the major PR blowups that McKinsey experienced, significantly diversified the partnership (way more women, way more countries) and staff (retention rates for women now equal, in the US at least hiring is at parity, harder on ethnic diversity but making progress). He’s personally a nice, genuine guy - takes time to meet with staff and partners, and very humble. Also was super on mitigating climate change 5 years before it was widely popular in corporate America. Honestly deserves the award, regardless of the fact that I and others may not agree with every element of his tenure.

likesmarthelpful

For what it’s worth, i agree with the internal complexity comment. We have so many ABMs and tracks now it’s hard to keep it straight and of course there’s duplication in terms of service offerings across them as well.

Echoing BCG1 in lesser words. Guy is a rockstar, and seems to be well ahead of curve on major trends (both in corporate America as well BCG’s internal strategy). Lot of folks are sour about internal business diversification, but I think they just can’t accept the reality of where the business has to go.

likesmart

heheh…lesser words

He is a rockstar. Period

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Not sure I would say “many” disagree with his expansion. There seems to be 1 single ex-BCG partner on fishbowl who isn’t happy with BCG moving away from pure strategy focus and is very vocal about it.

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𝐒𝐀𝐏 𝐒𝐮𝐜𝐜𝐞𝐬𝐬𝐅𝐚𝐜𝐭𝐨𝐫𝐬 : 𝐌𝐞𝐭𝐚𝐝𝐚𝐭𝐚 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 (𝐌𝐃𝐅)

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