I am referring of course, to the "White Shoe" consultancy firm McKinsey &
Company, which has increasingly made justifying the illegal and immoral, and
whose latest bit of evil was a proposal for Perdue Pharma to
pay distributors a bounty for overdose deaths, because, like any good dope dealer, it's all about the Benjamins.
The short version is that in order to convince distributors not to share their
concerns about how Oxycontin was resulting in an explosion of deaths with
regulators, or ending their relationship with Perdue, McKinsey & Company
proposed a $14,810.00 payment for death or hospitalization.
It's blood money, and it is a criminal conspiracy to bribe those distributors
not to take actions that would harm the bottom line.
Even if the Sacklers and their Evil Minions™ never took up this
suggestion, it is a felony to even discuss this, and McKinsey is guilty.
They really need to get the Arthur Anderson treatment.
Their name, and memory, should be effaced:
When Purdue Pharma agreed last month to
plead guilty to criminal charges
involving OxyContin, the Justice Department noted the role an unidentified
consulting company had played in driving sales of the addictive painkiller
even as public outrage grew over widespread overdoses.
Documents released last week in a federal bankruptcy court in New York
show that the adviser was McKinsey & Company, the world’s most
prestigious consulting firm. The 160 pages include emails and slides
revealing new details about McKinsey’s advice to the Sackler family,
Purdue’s billionaire owners, and the firm’s now notorious plan to
“turbocharge” OxyContin sales
at a time when opioid abuse had already killed hundreds of thousands of
Americans.
In a 2017 presentation, according to the records, which were filed in
court on behalf of multiple state attorneys general, McKinsey laid out
several options to shore up sales. One was to give Purdue’s distributors a
rebate for every OxyContin overdose attributable to pills they sold.
The presentation estimated how many customers of companies including CVS
and Anthem might overdose. It projected that in 2019, for example, 2,484
CVS customers would either have an overdose or develop an opioid use
disorder. A rebate of $14,810 per “event” meant that Purdue would pay CVS
$36.8 million that year.
………
Though McKinsey has not been charged by the federal government or sued,
it began to worry about legal repercussions in 2018, according to the
documents. After Massachusetts filed a lawsuit against Purdue, Martin
Elling, a leader for McKinsey’s North American pharmaceutical practice,
wrote to another senior partner, Arnab Ghatak: “It probably makes sense to
have a quick conversation with the risk committee to see if we should be
doing anything” other than “eliminating all our documents and emails.
Suspect not but as things get tougher there someone might turn to
us.”
Why the F%$# haven't they been charged?
They not only engaged in a criminal conspiracy which would include bribery and other racketeering, they initiated the proposal to do so.
Mr. Ghatak, who also advised Purdue, replied: “Thanks for the heads up.
Will do.”
It is not known whether consultants at the firm went on to destroy any
records.
The two men were among the highest-ranking consultants at McKinsey. Five
years earlier, the documents show, they emailed colleagues about a meeting
in which McKinsey persuaded the Sacklers to aggressively market
OxyContin.
The meeting “went very well — the room was filled
with only family, including the elder statesman Dr. Raymond,” wrote Mr.
Ghatak, referring to Purdue’s co-founder, the physician Raymond Sackler,
who would die in 2017.
Mr. Elling concurred. “By the end of the
meeting,” he wrote, “the findings were crystal clear to everyone and they
gave a ringing endorsement of moving forward fast.”
………
McKinsey’s involvement in the opioid crisis came to light early last
year, with the release of documents from Massachusetts, which is among the
states suing Purdue. Those records show that McKinsey was helping Purdue
find a way “to counter the emotional messages from mothers with teenagers
that overdosed” from OxyContin.
………
“This is the banality of evil, M.B.A. edition,” Anand Giridharadas, a
former McKinsey consultant who reviewed the documents, said of the firm’s
work with Purdue. “They knew what was going on. And they found a way to
look past it, through it, around it, so as to answer the only questions
they cared about: how to make the client money and, when the walls closed
in, how to protect themselves.”
………
McKinsey put together briefing materials that anticipated questions
Purdue would receive. [At an FDA oversight hearing] One possible question: “Who at Purdue takes personal
responsibility for these deaths?”
The proposed answer: “We all
feel responsible.
Shut them down, and shame and jail anyone associated with McKinsey and Company.
They are ineluctably evil.
*Immortalized by Douglas Adams as, "A bunch of mindless jerks who'll be the first against the wall when the
revolution comes."