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In the first Trump administration, U.S. Immigration and Customs Enforcement not only used McKinsey extensively, it even hired McKinsey to write its own contract. During the bankruptcy of Puerto Rico, the firm helped ensure that the island spent at least $1.5 billion on professional services, aka consultants and lawyers, even as its internal hedge fund owned Puerto Rican bonds. It hasn’t gotten better under Biden. Earlier this year, McKinsey got a sole source contract to work for Space Force. And it sells an extremely expensive service for government; just one recent college graduate working at McKinsey is billed out at around $3 million a year.

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    Cory Doctorow (pluralistic@mamot.fr)'s status on Monday, 23-Dec-2024 00:00:17 JST Cory Doctorow Cory Doctorow
    in reply to

    McKinsey pulls the strings and siphons billions out of the Puerto Rico bankruptcy, ICE kids in cages, Space Force boondoggles and more. The US government pays $3m/year for a fresh-out-of-college McKinsey "consultant."

    by #MattStoller
    https://www.thebignewsletter.com/p/cutting-government-is-easy-if-you

    #doge #corruption #mckinsey

    In conversation about 5 months ago from mamot.fr permalink
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