Many McKinsey partners were consumed by greed and exposed during the 2008 banking meltdown and aftermath. This NYT piece is essentially a pr whitewash despite all the details and acceptance of failings. There are plenty of good people lower down at McKinsey but people like Rajat Gupta did a lot of damage to McKinsey's credibility worldwide imo.
> Rajat Gupta did a lot of damage to McKinsey's credibility worldwide
This claim is correct, but I think we can reference better sources . The SEC complaint [1] "alleges that, among other things, Rajat K. Gupta tipped his business associate Raj Rajaratnam, Galleon Management’s founder and managing general partner, to confidential information Gupta learned in the course of his duties as a member of the Board of Directors of The Goldman Sachs Group, Inc. The complaint alleges that Gupta disclosed material nonpublic information concerning Berkshire Hathaway Inc.’s $5 billion investment in Goldman Sachs in September 2008, and concerning Goldman Sachs’s financial results for both the second and the fourth quarter of 2008. Rajaratnam used the information he learned from Gupta to trade profitably in certain Galleon hedge funds" [2]. Somewhat pertinently, Gupta did not violate his responsibilities to Goldman Sachs as a McKinsey officer, but as a GS Board member.
https://www.cnbc.com/id/41853809
Many McKinsey partners were consumed by greed and exposed during the 2008 banking meltdown and aftermath. This NYT piece is essentially a pr whitewash despite all the details and acceptance of failings. There are plenty of good people lower down at McKinsey but people like Rajat Gupta did a lot of damage to McKinsey's credibility worldwide imo.