WAIT!! we are using the same consultants as Enron??

I just listened to a podcast about the rise & fall of Enron. Shortly after the company started, they consulted with McKinsey &Co and then hired their consultant into the company who was later convicted for the tangled web of lies, deceit, and fraud the company thrived in and which ruined them.

Didn’t PP reach out to that very company for strategic advice? AND hire on several of them?

I know there has been references in this site to how bad our relationship with McKinsey is, but I never knew why. And, there’s been references to the downfall of this company being used as lessons in business classes, but I thought that was a tad dramatic.

But, now that my eyes are fully open… I think my kids will someday be listening to podcasts about the Rise & Fall of Edward Jones that will sound eerily similar to the one I just heard.

#Question #Consultant #Consulting

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@12s One would have thought after the PR nightmare it created that they would have. No, we instead went all in on the "plan" to trash this place and ELT decided to go to war against the very people who keep this place afloat. Having a record number of FAs leave in 2025 and having home office morale hit rock bottom would be grounds for dismisal at any sane company. We are run by clowns, greedy SOBs, and low IQ parasites.

When we reimagined this place, we should have cut ties with all consultants and terminated all the HO strategy consultants up in NY behind all these terrible decisions.

@z6 100%!!

@xz the amount of money we have wasted on consultants, non stop back and forth flights to india, pay to play awards, sponsorships that led to zero new clients, would be jaw dropping if we ever saw the actual numbers. Ask for a 4% raise though and all of a sudden it is the recession of 08' and we gotta tighten our belts!

McKinsey charges $1200/hr per consultant F them

@rz Yeah this website won't let you post anyone's name so we have to use initials or nick names. But yes, there are definitely ELT drones on this page who downvote and run away. They will never try to debate or debunk anything we say. Logic and common sense need not apply to these creatures.

I see some posts referencing. David C, Ryan L and others were removed.

Just in case you didn’t think ELT read this…don’t believe that for a second!

#triggered!

Many companies use McKenzie to push accountability off when the goal fails. PP fell into the trap.

@bv I can’t like this reply enough

Imagine paying millions of dollars to outside consultants to try and find a better way to be efficient with money and processes VS just asking the people who do the day to day work? That shows you what kind of mo--n we have as MP.

Purdue Pharma was also a client of McKinsey and McKinsey had to pay over $650 million in a settlement with the DOJ because of the advice they gave Purdue Pharma that led to the opi--d crisis.

One of our ELT members worked at McKinsey for over 10 years before going to Citibank.

JFC!! McKinsey is one of the largest consulting firms in the world. They’ve worked with every company of size in the world.

Thread regarding Edward Jones layoffs

WAIT!! we are using the same consultants as Enron??

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