Word: mckinseys
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...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...
...bankers often do not fit the button-down mold traditionally associated with high finance. Says Donald Waite, a director of the management consulting firm of McKinsey & Co.: "Bankers are no longer bankers. They are a whole lot of different things, and above all they are managers who can handle a group of disparate enterprises." At Citicorp, for example, Jesse Fink, 27, who studied forestry before receiving his M.B.A., heads the company's direct-mail program. Says he: "This organization is not very age conscious. You can get a lot of responsibility quickly." Says Vice President Jennie Schreder...
Prior to joining PepsiCo in 1970, Pearson was a senior director at McKinsey and Company Incorporated, a management consulting firm, and since his installation as president 15 years ago, PepsiCo has increased its sales from $1 billion to $8 billion...