McKinsey’s troubles deepen; undisclosed conflicts & the bankruptcy system – The Wall Street Journal
JOHANNESBURG — It's extremely difficult to change corporate culture, especially when it's been the foundation for past wins. So when a rot is discovered, it's usually part of a bigger problem. Warren Buffett famously said there's never just one cockroach in the kitchen. So while McKinsey's apology for the South African operation misdemeanour was described as hollow at best, cockroaches seem to be rearing their heads in other regional departments. The Wall Street Journal article looks at the consulting firm's restructuring unit, and how it fits into the nation's bankruptcy system, with questionable conflict disclosures, in information that may have been left out during the process. When it rains, it sometimes pours. – Stuart Lowman
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