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Article

4 Jan 2019

Author:
McKinsey (USA)

McKinsey responds to New York Times article stating it was building up authoritarian govt's.

"McKinsey statement on The New York Times article", 16 Dec 2018

[A]rticle painted a misleading picture, one that selectively uses a handful of client engagements and one office retreat to fundamentally mischaracterize our firm’s presence in large parts of the world. In building their narrative, the reporters ignored or discounted facts that did not support their argument. They used innuendo and implied causality to build a deeply misleading account of how we operate...We became concerned the Times was pursuing this story with an agenda... We nevertheless engaged with the journalists during their reporting to explain our firm’s approach to client service and selection... Times concedes that they are holding us to a different standard than other institutions... Even measured against this higher bar, key elements of the Times’ story do not square with reality... We...dispute the inference that our client service on individual projects related to China’s Belt-and-Road initiative is somehow inappropriate... We comply with the law in all markets where we operate... We have a robust and standardized global recruiting process... [W]e seek to navigate a changing geopolitical environment, but we do not support or engage in political activities...We played no role in the Malaysian government’s selection of China Communications Construction Company...