March
McKinsey solves the gender pay gap this International Women’s Day
Once women have earned their own equality, Elizabeth Arden will also help them celebrate with free lipstick applications.
February
Forget DEI, McKinsey says ‘diverse meritocracy’ is its workplace goal
The consultancy has long been a big advocate of formal diversity goals. But it has never put in targets or quotas, and has an “aspiration” of gender parity.
Accenture’s DEI exit could draw disgruntled men from big four
Male consultants who feel gender targets have blocked their paths to partnership might see fresh opportunity at the tech consulting giant.
McKinsey partners mull China pullout in Trump era
The consulting giant is worried that doing business in China may not be worth the risk.
McKinsey considers sale of in-house asset manager after years of controversy
Consulting firm McKinsey is considering spinning off its in-house asset manager MIO Partners, which invests the private wealth of the consulting firm’s senior staff and alumni.
January
Amcor pounced on Berry merger after ‘Party A’ walked away, filings show
The all-scrip, $13 billion deal to merge with the New York-listed packaging group will create a company with 400 plants and 75,000 staff worldwide.
December 2024
Are you guilty of using this year’s most awful jargon?
Here’s the past 12 months in words and phrases that professionals love to use, and what they’re really saying. We hope to never see any of them again.
‘Powerful message to consulting’: McKinsey to pay $1b for opioid crisis
The business consulting giant has agreed to pay the money to end a US Justice Department criminal probe into its role in bolstering sales of pain pills.
McKinsey pays $190m to resolve probes into South Africa bribes
The firm participated in a years-long scheme to bribe government officials in South Africa, according to US officials.
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
US legislators push to investigate McKinsey over its China work
A group of Republicans are demanding US government officials probe the consulting firm over its work with the Chinese government and state-owned enterprises.
September 2024
Autobarn owner’s new chief winds down McKinsey plan
The Better Than Before program resulted in an “unacceptable” profit decline, as analysts suggested any new bid needed to be above $6 per share.
August 2024
McKinsey partner set to pop up at Bankwest
Commonwealth Bank-owned Bankwest is transitioning to a digital-only bank by the end of 2024.
AI curiosity is defying consulting slump: McKinsey
McKinsey is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a period of tumult.
July 2024
Is McKinsey a partnership? Court case, leadership battles stir debate
A former senior partner is suing McKinsey after he was fired for having “communicated about document deletion” relating to the firm’s advice to opioid manufacturers.
May 2024
Why McKinsey wants to send its consultants back to class
McKinsey has launched an internal training academy to develop that most sought-after of modern executives: a leader who understands a company’s business and technology needs.
Why so many top executives start in accounting, consulting
BOSS delves into the career paths of the senior executives at Australia’s 20 biggest companies to discover where they started – and the critical skills and experience they gained.
April 2024
McKinsey uses Chumbawamba to boost morale
The firm sought to rally partners at a meeting, but has been hit by news of a criminal investigation and lawsuit from a former senior partner in the past week.
McKinsey offers staff nine months’ pay to leave
The management-consulting firm is dangling the pay, along with career-coaching services and other resources, to some UK staff who would like to leave.
March 2024
Win promotion in 2½ years or go, McKinsey now tells consultants
The company is raising the “up or out” pressure on staff as the global industry struggles following several years of aggressive hiring.