February 25, 2021
McKinsey & Co. has taken on a sinister reputation in recent years, and not only among the leftists who have long opposed the global consulting firm’s work supporting cutthroat capitalism for the world’s largest companies, or its contracts with autocratic governments.
The secretive firm has been implicated in a series of crises, most notably involving its hand in boosting the sales of Purdue Pharma’s Oxycontin, and fueling the US opioid crisis. It also signed what turned out to be an illegal deal with a state-owned utility in South Africa, and has been called out by investigative journalists for supporting the highly controversial Immigration and Customs Enforcement agency under the Trump administration.
Head of McKinsey voted out as firm faces reckoning on opioid crisis afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
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.
Kevin Sneader has served as the consulting firm’s global managing partner since 2018.Credit.Samir Hussein/Getty Images for The Business of Fashion
Feb. 24, 2021
Partners at McKinsey & Company voted out the consulting firm’s top executive, Kevin Sneader, this week as it continues to face blowback over its role in fueling the opioid crisis.
The decision to deny Mr. Sneader a second three-year term as global managing partner came in a vote by more than 600 senior partners, according to a company executive. Earlier this month, McKinsey had agreed to pay 49 states a historic settlement of almost $600 million because of sales advice the company had given to drugmakers.
McKinsey partners vote out Kevin Sneader thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.