McKinsey Takes One for the Team
December 25, 2024
This blog post is the work of an authentic dinobaby. No smart software was used.
I read the “real” news in “McKinsey & Company to Pay $650 Million for Role in Opioid Crisis.” The write up asserts:
The global consulting firm McKinsey and Company Friday [December 13, 2024] agreed to pay $650 million to settle a federal probe into its role in helping “turbocharge” sales of the highly addictive opioid painkiller OxyContin for Purdue Pharma…
If I were still working at a big time blue chip consulting firm, I would suggest to the NPR outfit that its researchers should have:
- Estimated the fees billed for opioid-related consulting projects
- Pulled together the estimated number of deaths from illegal / quasi-legal opioid overdoses
- Calculated the revenue per death
- Calculated the cost per death
- Presented the delta between the two totals.
- Presented to aggregate revenue generated for McKinsey’s clients from opioid sales
- Estimated the amount spent to “educate” physicians about the merits of synthetic opioids.
Interviewing a couple of parents or surviving spouses from Indiana, Kentucky, or West Virginia would have added some local color. But assembling these data cannot be done with a TikTok query. Hence, the write up as it was presented.
Isn’t that efficiency of MBA think outstanding? I did like the Friday the 13th timing. A red ink Friday? Nope. The fine doesn’t do the job for big time Blue Chip consulting firms. Just like EU fines don’t deter the Big Tech outfits. Perhaps something with real consequences is needed? Who am I kidding?
Stephen E Arnold, December 25, 2024
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