From our vault: McKinsey — Profit over Principle

Big consulting firms take no credit and they accept no blame. This philosophy has enabled McKinsey & Company to profit with ease from work with authoritarian regimes, troubled businesses and corrupt state-owned enterprises. In South Africa, their work at Eskom and Transnet on some of the most infamous State Capture contracts reveals a story of a corporation willing to place profit above principle, and sometimes allegedly even the law. This week Open Secrets focuses on evidence in The Enablers investigative report that shows that McKinsey has not been held accountable for its role in State Capture. While it profited from its role in these contracts it shies away from meaningful responsibility for serious economic crimes.