Word: mckinsey
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Dates: during 1980-1989
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...marketplace. Securitization is double edged: in only a few years, the technique has given an enormous boon to consumers in the form of lower interest rates and fresh infusions of money for mortgages and car loans. Banks have also gained from securitization, observes Lowell Bryan, a director at the McKinsey consulting firm. They have, he says, been able to sell many of their own loans to securitizers and thus free scarce capital for more lending activity...
CREDIT: TIME Chart by Cynthia Davis. [TMFONT 1 d #666666 d {Source: McKinsey & Co.}]CAPTION: OLD-FASHIONED LENDING DOWN...
...whose parent company, RCA, was bought by General Electric in June, News President Lawrence Grossman insists there are no plans to cut his $230 million budget or 1,330-member staff. Nonetheless, NBC News has hired McKinsey & Co. management consultants to study the newsgathering operations, and rumors ( persist that next year will bring a 10% slash...
...America to bring about fundamental, long-lasting changes in the way it does business. U.S. corporations have always undergone periodic cutbacks in times of recession or strain, but this time the tone and scope of the effort are vastly different. Says Keith Stock, a partner in the Manhattan-based McKinsey & Co. management consulting firm: "What we're seeing is nothing less than a transformation of American industry...
...McKinsey...