New York Times states McKinsey is helping raise stature of authoritarian govts.; McKinsey responds

New York Times' investigation, which included interviews with 40 current and former McKinsey employees, and dozens of their clients, found that the American company allegedly helped raise the stature of authoritarian and corrupt governments across the globe, sometimes in ways that countered American interests - at a time when democracies and their basic values are increasingly under attack. McKinsey responded saying the article painted a misleading picture, one that selectively used a handful of client engagements and one office retreat to fundamentally mischaracterize the firm’s presence in large parts of the world. 

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Article
4 January 2019

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

Author: McKinsey (USA)

"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... 

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Article
3 January 2019

McKinsey help raise stature of authoritarian govts. worldwide, according to New York Times

Author: New York Times

"How McKinsey Has Helped Raise the Stature of Authoritarian Governments", 15 December 2018

...McKinsey's role in China is just one example of its extensive — and sometimes contentious — work around the world, according to an investigation by The New York Times that included interviews with 40 current and former McKinsey employees, as well as dozens of their clients.

At a time when democracies and their basic values are increasingly under attack, the iconic American company has helped raise the stature of authoritarian and corrupt governments across the globe, sometimes in ways that counter American interests.

Its clients have included Saudi Arabia’s absolute monarchy, Turkey under the autocratic leadership of President Recep Tayyip Erdogan, and corruption-plagued governments in countries like South Africa.

Inside Russia itself, McKinsey has worked with Kremlin-linked companies that have been placed under sanctions by Western governments — companies that the firm helped build up over the years and, in some cases, continues to advise...

...There is no indication that McKinsey has violated American sanctions, which prohibit only certain transactions with targeted companies and individuals. But the larger question is whether the company, in pursuing legitimate business opportunities abroad, is helping to shore up President Vladimir V. Putin’s autocratic leadership...

...McKinsey defends its work around the world, saying that it will not accept jobs at odds with the company’s values.

 

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