McKinsey & Co. News

Consulting Firm McKinsey to Pay $650M to Resolve US Opioid Probe

McKinsey & Co has agreed to pay $650 million to resolve a U.S. Department of Justice investigation into the consulting firm’s work advising opioid manufacturer OxyContin maker Purdue Pharma on how to boost sales. McKinsey has entered into a five-year …

McKinsey to Pay at Least $500 Million in DOJ Opioid Probe

McKinsey & Co. is nearing a deal with US prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, according to people familiar with the matter. A settlement, which could …

FTC Looking Into Targeted Pricing Based on Personal Data

The U.S. Federal Trade Commission has launched a study of products that could allow companies to set different prices for consumers based on their locations, past purchases, and other personal data. The agency said on Tuesday it had ordered Mastercard, …

McKinsey Faces US Criminal Probe Over Opioids Work, Sources Say

McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key role in fueling the opioid epidemic, with federal prosecutors homing in on its work advising OxyContin maker Purdue Pharma and …

McKinsey Agrees to Pay $230 Million to Settle More Opioid Suits

McKinsey & Co. is poised to pay $230 million in its latest settlement of lawsuits blaming the company for its role advising opioid manufacturers in their sales of the painkillers. The proposed accord with local governments and school districts filed …

McKinsey Creates New Ethics Role After $641 Million Opioid Fallout

McKinsey & Co. is beefing up its ethics department after a series of high-profile controversies, including helping Purdue Pharma LP “turbocharge” opioid sales. The management consulting giant is hiring for a newly created position with its global “ethics allegations management …

Women Are Quitting Executive Roles at Faster Rate Than Ever: Report

Women are leaving the top ranks of companies at higher rates than ever before — as female employees remain less likely to get promoted into leadership roles in the first place. For every woman at the director level who gets …

Small Insurance M&As Create More Value Than Large Deals: McKinsey

McKinsey analysts believe insurers focused on large one-off deals undertaken to scale their companies and those that stick to organic growth are both headed down unfruitful paths if outsized shareholder return is their success metric. In a report published in …

McKinsey Settles with Nevada for $45M over Opioid Crisis Role

McKinsey & Co. will pay $45 million to settle an investigation by Nevada of the big consulting firm’s role in fueling the U.S. opioid epidemic. Nevada had been the lone holdout among U.S. states investigating McKinsey’s conduct, and Monday’s settlement …

Companies Risk Losing More Than 40% of Annual Profit on Supply Chain Shocks: McKinsey

Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber attacks, pandemics and climate change, according to McKinsey & Co., which estimates the COVID-19 crisis could top $5 trillion in …