There seems to be a lot of noise around McKinsey and their business practices. If they are supposed to assist companies going bankrupt, they seem to be creating a lot of noise. Makes you wonder.
https://www.foxbusiness.com/money/mckinsey-company-facing-federal-criminal-probe-report
Losers. Just like WFT Mgmt. Losers.
It's the same song and dance as when Accenture was brought in years back. Overpaying a consulting firm to shield upper management from the potential negative consequences of making tough decisions. "We're bringing in a consultant to save us, give me my bonus" followed later by "We're getting rid of the consultant to save money, give me my bonus."
Always the same answers: outsource IT, close manufacturing facilities, reduce headcount while adding additional Directors and VP's. Always the same rhetoric: "I know you are skeptical but this is good for Weatherford and will be different this time."
No one ever asks the question, if these obvious changes are needed why haven't we already implemented them? Followed by, if they are needed and we had to bring in a consultant to point them out then why are those presidents and VP's still here?
McKinsey at the trough with management, there to help themselves from Weatherford....the gift that keeps on giving.
This is what happens when you bid work too cheap....win the bid....and then try to get out of it..
Why dont you shut the gd thing down and be done with it before you get your ash sued off