This Month
Inside Gaza’s humanitarian aid ‘death traps’
A US-backed scheme forces hungry Palestinians to trek kilometres for food aid. Between local thieves and IDF attacks, many return empty-handed, or not at all.
BCG earned over $1.5m for mothballed Gaza aid project
Work with the private US group Fogbow overlapped with the start of a separate effort to help the Gaza Humanitarian Foundation.
Two top BCG executives stripped of leadership roles over Gaza project
Adam Farber, chief risk officer, and Rich Hutchinson, head of BCG’s social impact practice, will lose those titles following the results of an internal inquiry.
BCG’s role in Gaza probed by UK parliamentary committee
Liam Byrne, chair of the House of Commons business and trade select committee, has written to BCG chief executive Christoph Schweizer requesting information.
BCG chief admits Gaza work was ‘reputationally very damaging’
Christoph Schweizer, in a letter to alumni, promised a “firm-wide remediation effort” after the “profoundly disappointing” episode.
Tony Blair’s staff took part in ‘Gaza Riviera’ project with BCG
The plan, outlined in a slide deck, was led by Israeli businessmen and used financial models developed inside Boston Consulting Group to reimagine Gaza.
June
Boston Consulting Group fires two partners over Gaza aid work
The consulting firm has fired two partners for “unauthorised work” related to a contentious US-backed effort to overhaul aid distribution in Gaza.
McKinsey leans on AI to do junior workers’ tasks
The firm is increasingly drafting proposals and making slides using artificial intelligence, as the new technology reshapes how consultancies operate.
May
McKinsey sheds 10pc of staff in two-year profitability drive
The job cuts, which are among the largest in McKinsey’s nearly 100-year history, reflect the sharp slowdown in revenue growth across the consulting market.
He quit consulting. Now his AI start-up is worth $100m
Unleash Live, a 10-year-old artificial intelligence firm, has raised $17 million after signing up BHP, Alcoa and Chevron as clients.
March
Former Sergio Rossi chief executive to run Country Road fashion house
Helen Wright is an Australian who has run several retailers in the United Kingdom, and will return this month to overhaul the troubled apparel powerhouse.
February
Consultants in the building at APA as cost-cutting begins
This column understands job cuts are among the items on its agenda with Boston Consulting Group well-placed to get the role.
Employers link office attendance to pay, bonuses
Some companies around the world are not just stiffening their office mandates but including them in performance metrics.
November 2024
NAB tapped Bain & Company for its strategy refresh
Consulting firm Bain was called in to help National Australia Bank with its new strategy focusing on customers, it can be revealed.
October 2024
China moves to boost tax revenue with crackdown on foreign wealth
Some wealthy individuals in major Chinese cities face tax bills of up to 20 per cent on their overseas investment gains, as authorities enforce long-overlooked rules.
September 2024
Country Road goes cheaper at Mimco, Politix in brand ‘reset’
The high-profile retailer will also launch its first fragrance as part of the overhaul, part of a bid to arrest a slide in sales after a difficult year.
Wong’s Asia push; BCG admits to bribes; Banks’ golden goose at risk
Read everything that’s happened in the news so far today.
BCG admits it paid bribes to win consulting business in Angola
Boston Consulting Group has admitted it paid millions of dollars in bribes to win business in Angola, and agreed to give up more than $21 million in profits.
August 2024
Quadrant Growth Fund dealmaker invests in fast-growing medtech
It’s one of few such companies of scale in Australia and is right in Johnny Zhang’s wheelhouse.
Ex-Levi Strauss executive to run Country Road brand
Just weeks after Elle Roseby left the Australian retailer, chief executive Raju Vuppalapati has appointed a former Levi’s colleague to head the fashion label.