I am referring of course, to the “White Shoe” consultancy firm McKinsey & Company, which has increasingly made justifying the illegal and immoral, and whose latest bit of evil was a proposal for Perdue Pharma to pay distributors a bounty for overdose deaths, because, like any good dope dealer, it’s all about the Benjamins.
The short version is that in order to convince distributors not to share their concerns about how Oxycontin was resulting in an explosion of deaths with regulators, or ending their relationship with Perdue, McKinsey & Company proposed a $14,810.00 payment for death or hospitalization.
It’s blood money, and it is a criminal conspiracy to bribe those distributors not to take actions that would harm the bottom line.
Even if the Sacklers and their Evil Minions™ never took up this suggestion, it is a felony to even discuss this, and McKinsey is guilty.
They really need to get the Arthur Anderson treatment.
Their name, and memory, should be effaced:
When Purdue Pharma agreed last month to plead guilty to criminal charges involving OxyContin, the Justice Department noted the role an unidentified consulting company had played in driving sales of the addictive painkiller even as public outrage grew over widespread overdoses.
Documents released last week in a federal bankruptcy court in New York show that the adviser was McKinsey & Company, the world’s most prestigious consulting firm. The 160 pages include emails and slides revealing new details about McKinsey’s advice to the Sackler family, Purdue’s billionaire owners, and the firm’s now notorious plan to “turbocharge” OxyContin sales at a time when opioid abuse had already killed hundreds of thousands of Americans.
In a 2017 presentation, according to the records, which were filed in court on behalf of multiple state attorneys general, McKinsey laid out several options to shore up sales. One was to give Purdue’s distributors a rebate for every OxyContin overdose attributable to pills they sold.
The presentation estimated how many customers of companies including CVS and Anthem might overdose. It projected that in 2019, for example, 2,484 CVS customers would either have an overdose or develop an opioid use disorder. A rebate of $14,810 per “event” meant that Purdue would pay CVS $36.8 million that year.
Though McKinsey has not been charged by the federal government or sued, it began to worry about legal repercussions in 2018, according to the documents. After Massachusetts filed a lawsuit against Purdue, Martin Elling, a leader for McKinsey’s North American pharmaceutical practice, wrote to another senior partner, Arnab Ghatak: “It probably makes sense to have a quick conversation with the risk committee to see if we should be doing anything” other than “eliminating all our documents and emails. Suspect not but as things get tougher there someone might turn to us.”
Why the F%$# haven’t they been charged?
They not only engaged in a criminal conspiracy which would include bribery and other racketeering, they initiated the proposal to do so.
Mr. Ghatak, who also advised Purdue, replied: “Thanks for the heads up. Will do.”
It is not known whether consultants at the firm went on to destroy any records.
The two men were among the highest-ranking consultants at McKinsey. Five years earlier, the documents show, they emailed colleagues about a meeting in which McKinsey persuaded the Sacklers to aggressively market OxyContin.
The meeting “went very well — the room was filled with only family, including the elder statesman Dr. Raymond,” wrote Mr. Ghatak, referring to Purdue’s co-founder, the physician Raymond Sackler, who would die in 2017.
Mr. Elling concurred. “By the end of the meeting,” he wrote, “the findings were crystal clear to everyone and they gave a ringing endorsement of moving forward fast.”
McKinsey’s involvement in the opioid crisis came to light early last year, with the release of documents from Massachusetts, which is among the states suing Purdue. Those records show that McKinsey was helping Purdue find a way “to counter the emotional messages from mothers with teenagers that overdosed” from OxyContin.
“This is the banality of evil, M.B.A. edition,” Anand Giridharadas, a former McKinsey consultant who reviewed the documents, said of the firm’s work with Purdue. “They knew what was going on. And they found a way to look past it, through it, around it, so as to answer the only questions they cared about: how to make the client money and, when the walls closed in, how to protect themselves.”
McKinsey put together briefing materials that anticipated questions Purdue would receive. [At an FDA oversight hearing] One possible question: “Who at Purdue takes personal responsibility for these deaths?”
The proposed answer: “We all feel responsible.
Shut them down, and shame and jail anyone associated with McKinsey and Company.
They are ineluctably evil.
*Immortalized by Douglas Adams as, “A bunch of mindless jerks who’ll be the first against the wall when the revolution comes.“