Saturday, May 4, 2024

"McKinsey boss tries to boost staff morale amid layoffs and political backlash by blasting Eminem, Bob Marley and Chumbawamba"

Why would anyone ever again hire these people? We truly do live in clown world.

From Fortune, April 29:

McKinsey & Co. sought to rally its partners with upbeat declarations and blasts of rock and rap music in Copenhagen earlier this month, attempting to boost morale during a tumultuous period for the giant consulting firm. 

Global Managing Partner Bob Sternfels told his fellow partners at the mid-April event that McKinsey is expecting a good 2024 after its challenges of the past 18 months. He called it a “turn the page” moment, a person familiar with the matter said. 

Some McKinsey partners have been unhappy with how the top echelon has been managing external perceptions of the firm and its ongoing role reductions, according to other people with knowledge of the situation, who asked not to be identified discussing private matters.

McKinsey is battling problems on many fronts while the broader industry is experiencing a slowdown in demand for consulting services. The firm has warned about 3,000 of its consultants that their performance was unsatisfactory and will need to improve. It has also been cutting hundreds of jobs in its technology and other divisions. 

At the internal event in Denmark, Sternfels told McKinsey partners to air any concerns or misgivings they had about what the firm is doing that could impair its values. “I hope we shout out. I hope we engage…I hope we wrestle with stuff together,” he said, according to the person familiar with his comments.

The musical soundtrack included a selection of hits from pop artists including American rapper Eminem and singer Bob Marley. “Tubthumping” by former British rock bank Chumbawamba was also played, with its signature lyrics: “I get knocked down, but I get up again. You are never gonna keep me down.” 

Sternfels said McKinsey still has opportunities to help organizations solve their most challenging issues...


And now, hot off her 85th Birthday (May 1) Judy Collins with commentary (here at age 82):