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Have McKinsey and its consulting rivals got too big?

(www.economist.com)
167 points godelmachine | 3 comments | 19 Oct 24 14:46 UTC | HN request time: 0.205s | source
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ProllyInfamous ◴[19 Oct 24 16:06 UTC] No.41888611[source]▶
Let me propose an alternate theory: fines and enforcement have become too small, so-as to become just a cost of doing business.

Many of these employees are so-incentivized by fiscal profit that they fail to see the immorality, just seeing opportunity. Maybe if our regulators weren't in bed with so many of the major funds...

"If you think there's a solution, you're part of the problem." —George Carlin (Conan O'brien interview)

replies(4): >>41888622 #>>41888672 #>>41888733 #>>41888775 #
1. xbar ◴[19 Oct 24 16:28 UTC] No.41888775[source]▶
Fines are trivial.
replies(2): >>41889421 #>>41890803 #
2. nothercastle ◴[19 Oct 24 18:04 UTC] No.41889421[source]▶
It Usally costs more to process the fine internally then the nominal value of the fine
3. kolbe ◴[19 Oct 24 21:07 UTC] No.41890803[source]▶
I find it less that the fines are trivial than it is fines are levied on the wrong entities. Consultants break the law--fine them personally. Police's officers abuse power--fine them personally. Bankers shirk regulation--fine them personally. Nothing will ever change if the people committing the acts aren't the ones punished.