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Financial Times reposted this
“We will cut through the slick PowerPoints and the consultant speak and hold you accountable.” That's Joshua S. Levy, the US attorney in Massachusetts, calling today's $650mn deferred prosecution agreement with McKinsey a warning to everyone in the consulting profession. “If a consulting firm conspires with a client to engage in criminal conduct, the fact that you’re an outside consultant will not protect you,” he said. McKinsey has agreed to pay $650mn to settle the criminal investigation into its work for opioid manufacturers, and a former senior partner has admitted obstructing the investigation by destroying documents. I wrote the story with Stefania Palma. McKinsey said it "should have appreciated the harm opioids were causing in our society and we should not have undertaken sales and marketing work for Purdue Pharma. This terrible public health crisis and our past work for opioid manufacturers will always be a source of profound regret for our firm."
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Are we all suffering from Trump Derangement Syndrome? Or will this individual really change history? A structural-forces historian could build a strong case against Donald Trump’s importance. Here’s why https://on.ft.com/4g7bfl4
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Breaking news: South Korea's parliament has voted to impeach President Yoon Suk Yeol https://on.ft.com/41vhScB
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A prominent family made a fortune working for autocrats. Who was really to blame when it fell apart? https://on.ft.com/3Zye1c0
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Opinion: What on earth will happen to US economic policy when Donald Trump becomes president? That question is already sparking widespread concern. And even the supposedly smart money seems unsure of the answer. https://on.ft.com/4izchYz
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'It's really exciting because you're following money and you're following power but in a way that affects the everyday person.' Our banking editor Ortenca Aliaj explains her role at Financial Times.
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McKinsey's advice on how to boost sales of opioids came at a time of a spiralling addiction crisis that has claimed hundreds of thousands of lives in the US. https://on.ft.com/3ORONk7
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Does the UK have enough workers to ‘get Britain building’? Register with FT Edit to read for free: https://on.ft.com/4gdWugi
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The City of London has approved plans for its new tallest skyscraper, a 74-storey office tower that will be tied with the Shard as western Europe’s tallest building. https://on.ft.com/4gAK7dV
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