28 April 2022

Why Does Anyone Hire These Criminals?


EY is Ernst & Young
In testimony before Congress, representatives of McKinsey & Company declare that even theough they worked for Perdue Pharma to maximize addiction, they were completely ethical when they were consulting with the FDA at the same time.

Yeah, sure.

That's why they have already paid $600,000,000.00 to settle claims of wrongdoing.

Meanwhile McKinsey has also:

  • Facilitated bribery in South Africa.
  • Conflicts of interests with its in house hedge funds.
  • Enron.
  • Advising insurance companies to make low-ball offers.
  • Price gouging by the pharmaceutical company Valeant.
  • Data falsification at Rikers Island jail.
  • Consulting for ICE and telling them to make their detention facilities worse.
  • Fingering Saudi dissidents to Saudi despot Mohammed bin Bonesaw.

McKinsey's job is to justify the unethical.  It's their specialty, and they launder (Ivy League Wash?) their image by hiring graduates from the most prestigious schools.

They need to be Arthur Andersoned:

McKinsey & Co managing partner Bob Sternfels told a congressional committee Wednesday that his consulting firm did not have a conflict of interest when it gave advice both to Oxycontin manufacturer Purdue Pharma LP and the government agency charged with regulating opioid sales.

McKinsey gave consulting advice to both Purdue and the Food and Drug Administration from 2008 to 2019, and 22 of its consultants worked for both clients, according to a report published by the House Oversight Committee, which hosted the hearing. During that period, McKinsey offered to "turbocharge" Purdue's opioid sales while also working with the FDA division overseeing the development and marketing of drugs.

That work did not create a conflict because McKinsey advised the FDA on topics such as technology upgrades and organizational efficiency, Sternfels said.

………

Democratic Representative Katie Porter of California pointed out the omission allowed McKinsey to avoid a government review of potential conflicts of interest.

"Your scheme worked really well," Porter said. "McKinsey got contracts, Purdue got rich, and America got addicted."

Why this organization is tolerated in polite society is beyond me,

1 comments :

The Red Alias said...

"Why Does Anyone Hire These Criminals?"

You answered your own question.

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