Word: mckinseys
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...creation of the three posts was recommended by a report commissioned last spring by Hyman and Summers and was written by the consulting firm McKinsey & Company...
...critics voice strong doubts. They charge that even the friendliest consolidations can derail careers, disrupt communities and create unmanageable mountains of debt. Perhaps worst of all, evidence is accumulating that many celebrated past mergers have been colossal failures. Warns Sigurd Reinton, a partner in the management-consulting firm of McKinsey & Co.: "The benefits of mergers and acquisitions are often overrated. You cannot generalize and say all acquisitions are bad, but there is a sufficient number that, at least in hindsight, should not have taken place to suggest a need to tread carefully...
...poor record of conglomerates is well documented. In a study of the merger programs that 58 large firms pursued between 1972 and 1983, McKinsey & Co. concluded that in at least 28 of the cases the acquisitions did not earn enough money for the company to justify the purchase price. In only six instances did the merger program seem to be a clear-cut success. Companies stumbled most frequently when they bought firms in a totally different industry. F.M. Scherer, a Swarthmore College economist who surveyed 6,000 mergers from 1950 to 1977, discovered that the profitability of most acquired companies...
...were an Environmental Science and Public Policy concentrator?” asks the suspicious McKinsey interviewer...
...July 2000. Six members of the Harvard Corporation, the University’s highest governing body, and three members of the Board of Overseers joined to form the Presidential Search Committee. The group included Harvard graduates, the president emeritus of the University of Chicago, and the former chair of McKinsey and Co.—all heavy-weights looking for an even heavier hitter. They would spend nine months in search of the heaviest...