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#mckinsey

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"After spending more than $50 billion, the crown prince’s sci-fi-inspired dreams—an arid-mountain ski resort, a floating business district, and the Line, the 106-mile-long pair of Empire State Building-height skyscrapers that is Neom’s centerpiece—have collided with reality.

Costs have soared, delays are ubiquitous and a decision last year to reduce Neom’s first phase threatens to deprive the desert city of the critical mass of inhabitants needed to make it a modern business hub.

Behind Neom’s problems: a dance of mutual delusion in which the crown prince pushed for fantastical plans—and executives shielded him from the full scope of challenges and costs, according to former employees and a more than 100-page internal audit of the project presented to members of Neom’s board last spring and reviewed by The Wall Street Journal.

The audit report, labeled “final draft,” found that executives, at times aided by the project’s longtime consultants, McKinsey & Co., plugged unrealistically rosy assumptions into Neom’s business plan to justify rising cost estimates. The audit found “evidence of deliberate manipulation” of finances by “certain members of management.”"

wsj.com/finance/saudi-arabia-n

To Get #Trump on Board, #Kremlin Dangles a Chance to Make Big Money

The Russian government’s top investment manager, who has #Harvard & #McKinsey credentials & fluent English, brought a simple printout to Tuesday’s talks with the Trump admin in #SaudiArabia.

Its message: By pulling out of #Russia in outrage over the invasion of #Ukraine, American companies had walked away from piles of cold, hard cash.

#greed #kleptocracy #plutocracy #autocracy #geopolitics #USpol
nytimes.com/2025/02/19/world/e

The New York Times · Kremlin Message to Trump: There’s Money to Be Made in RussiaBy Anton Troianovski
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#GeoPol #Eupol #DEpol

(9/n)

...#Citadel, #Deloitte, #JPMorgan, #KKR, #KraftHeinz, #LibertySteel, #Macquarie, #McKinsey, #Meta, #Neom, #Palantir, #PwC und anderen gehören.
...Sie werden von rechtsextremen Politikern aus der EU begleitet werden. Zu den Teilnehmern gehören gewählte Vertreter rechtsradikaler Parteien aus #Frankreich (#RassemblementNational), #Dänemark (#DänischeVolkspartei), #Estland (#KonservativeVolkspartei), #Ungarn (#Fidesz), #Island (#Zentrumspartei), den

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#TrumpCoup #TreasuryTakeover #Musk

UPDATE

*#BusinessInsider has procured a list of the (so far) 30 people working for #CoPresident #Musk's #DOGE*

(7/n)

...The #NewYorkTimes reported that she was also listed as a #DepartmentOfEducation employee."

"...Some White House DOGE staff have corporate finance and management backgrounds.

#Lindemann graduated from the #UniversityOfTennessee's business college in 2022. She worked for #McKinsey for about two years, according to her #LinkedIn...

McKinsey: Last Week Tonight with John Oliver

John Oliver is literally the only person on Earth who could get me to enthusiastically drop everything to click on a 26 minute video about a business management firm.

Whenever he covers a big company, I like to imagine the crisis meeting on Monday morning that starts with everyone watching the show in awkward silence.

#McKinsey #JohnOliver #IAmJohnOliver #DOGE #Corruption

youtube.com/watch?app=desktop&

« Le jour de son arrivée en septembre aux éditions du Seuil, Coralie Piton, la patronne venue de #McKinsey, voit d’un mauvais œil la sortie du #LivreNoirDeGaza, coordonné par #AgnèsLevallois. [..]
À Paris, des manœuvres capitalistiques bouleversent l’#édition et la #presse depuis quelques années, qu’on pourrait résumer par «à droite toute». »

orientxxi.info/magazine/editio

#ÉditionFrançaise #MédiasFrançais #livres #DroitisationDesMédias #polFr #Gaza #Palestine #censure @palestine @bookstodon

At our house were SLOWLY scrambling to update investment strategy for 2025.
I surfed info on companies Americans trust. We the people idealize :( companies like Google. Then there's Time magazines 2025 love for the #mckinsey company. :(
Ok, I'm going to continue to trust biz that I use & try to admire like Costco.
Bill