link here to article
This article (via Manan Shukla) is about one of the fallouts from charges brought against the CEO of McKinsey, one of the world's premier management consulting companies, for insider trading. These are serious charges which are harmful to the firm, and not easy to explain given the status and wealth of the CEO. It inspired one writer to accuse McKinsey of being connected to every disaster that has befallen the global economy. McKinsey has had its fingerprint on some major disasters such one of the worst mergers of all time (AOL&Time Warner) which it promoted very strongly, but this article states that the charges are overdrawn.
The real lessons to be learned from this article are about the changes that have occurred in the business world that have placed financial gain ahead of standards of business conduct. McKinsey is one of many corporate icons that have suffered from the erosion of formerly high standards of conduct.
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