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Have McKinsey and its consulting rivals got too big?

(www.economist.com)
167 points godelmachine | 2 comments | 19 Oct 24 14:46 UTC | HN request time: 0.42s | source
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mschuster91 ◴[19 Oct 24 16:00 UTC] No.41888573[source]▶
Of course they got too big, and especially they got too enmeshed with the auditing business.

It's time to break them all up. The "firewall" that should be there from a legal perspective is a joke in practice, and when there are only three to four companies, there is no place for fresh blood and with it fresh ideas to enter the market.

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1. insane_dreamer ◴[19 Oct 24 16:13 UTC] No.41888656[source]▶
> too enmeshed with the auditing business

that's not the issue; consulting pays much more than auditing, which is why the Big4 would probably be fine spinning off their auditing businesses

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2. wombatpm ◴[19 Oct 24 21:12 UTC] No.41890823[source]▶
Said spinoffs would probably start new consulting branches after some period of time