[HN Gopher] McKinsey Under Criminal Investigation over Opioid-Re...
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       McKinsey Under Criminal Investigation over Opioid-Related
       Consulting
        
       Author : impish9208
       Score  : 6 points
       Date   : 2024-04-24 19:47 UTC (3 hours ago)
        
 (HTM) web link (www.wsj.com)
 (TXT) w3m dump (www.wsj.com)
        
       | impish9208 wrote:
       | Gift link: https://www.wsj.com/articles/mckinsey-faces-criminal-
       | probe-o...
        
       | al_borland wrote:
       | Considering they have already paid out close to $1B to settle
       | various other claims...
       | 
       | >McKinsey previously paid $641.5 million to resolve claims by
       | state attorneys general and another $230 million to resolve
       | claims by local governments. It has also settled cases by Native
       | American tribes.
       | 
       | https://www.reuters.com/legal/mckinsey-pay-78-million-us-opi...
       | 
       | ... I'm going to assume this won't go well for them either.
       | 
       | I hope this leads to an expanded investigation against all the
       | other harmful advice they've unleashed on the world. This firm
       | should not be sitting in the trusted position they are in.
        
         | gravescale wrote:
         | > trusted position they are in.
         | 
         | Are they actually trusted to give independently good advice, or
         | are they trusted to launder and expand on advice that
         | leadership wants to hear but can't say themselves so that it
         | can be plausibly deniable when it goes South? "We're
         | _mortified_ to discover that we allegedly did a bad thing, but
         | in our defence we did specifically check with McKinsey and they
         | said it was A-OK and so you can 't actually blame us".
        
       | misswaterfairy wrote:
       | > McKinsey also advised Purdue and Endo on how to target the U.S.
       | Department of Veterans Affairs for sales of their products,
       | according to documents made public through the firm's settlements
       | with state and local governments. This advisory work occurred
       | while McKinsey was simultaneously working as a consultant for the
       | VA itself. McKinsey has said that it advised the VA on matters
       | unrelated to opioid procurement.
       | 
       | Conflicts of interest are rife in utilising these consulting
       | companies for government services.
       | 
       | Australia has an ongoing saga with a similar theme[1], where a
       | consulting company, PwC, played both sides to the advantage of
       | corporate friends, and got caught.
       | 
       | [1] https://en.wikipedia.org/wiki/PwC_tax_scandal
        
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       (page generated 2024-04-24 23:01 UTC)