Word: mckinsey
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...1980s almost out of desperation, when crude-oil prices had collapsed, natural-gas deregulation had thrown that market into chaos, and the Peruvian government had just nationalized Enron's offshore properties. Figuring they might as well leverage deregulation instead of succumbing to it--call it business judo--Skilling, a McKinsey & Co. consultant at the time, came up with a plan called the Gas Bank, to buy up reserves of natural gas, then package them for sale, with various prices and conditions for different customers. When electricity markets deregulated a few years ago, the company did the same...
That's one reason Drayton in 1980 founded Ashoka: Innovators for the Public (named for a benevolent Indian Emperor from the 3rd century B.C.). Its approach grew out of Drayton's background as a student activist at Harvard, traveler through India and consultant for nearly a decade for McKinsey & Co. Ashoka started by raising "seed capital" mostly from small donors, including three family foundations belonging to Bill Golden, Mark Lipkin and John Klingenstein. Drayton was named a MacArthur fellow from 1984 to 1989, which gave him more time and money to develop Ashoka. By 1991 its budget was $2.2 million...
...recent innovation is the combination of some Ashoka operations with McKinsey's expertise. In the slums of Sao Paolo, Brazil, an Ashoka entrepreneur named Leonardo Pessina was able to build high-quality housing at less than half the normal construction cost by getting the community to provide much of the labor. But managing a huge construction operation threatened to overwhelm even the committed Pessina. So McKinsey made available about 25% of its local staff as volunteers to manage the project. And the consulting firm received a major payback. "McKinsey has an understanding of the local housing market that it never...
...former director at McKinsey and Company, Daniel holds one of the most prestigious business jobs in the world and, according to Slichter, is incredibly intelligent and talented...
Indians are running FORTUNE 500 companies (Rono Dutta is president of United Airlines, and Rakesh Gangwal is president and CEO of U.S. Airways) or, as consultants and securities analysts, telling others how to do so. (Calcutta-born Rajat Gupta, managing director of consulting giant McKinsey & Co., does both.) But above all, they are bringing their own entrepreneurial stamp to America's high-tech frontiers. Venture-capital fund Kleiner Perkins Caufield & Byers, one of Silicon Valley's biggest VC firms, says 40% of its portfolio consists of companies founded or managed by people of Indian origin. Indians have...