Ten 2020 Democratic presidential candidates will take the debate stage Wednesday at the Adrienne Arsht Center for the Performing Arts in Miami.2020 Electionsread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Venezuelan President Nicolas Maduro said security forces had foiled an opposition coup attempt that included plans to assassinate him and other top political figures.World Politicsread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
McKinsey & Company is a private consulting firm that doesn't regularly disclose its sales, profits, or even its clients. But that hasn't prevented it from becoming one of the most powerful companies on the planet.
It's all because McKinsey is the company that gets called when business leaders can't (or don't want to) solve a problem.
It recruits the best and brightest, and has an alumni network of influential executives at the helm of some of the world's largest companies, including Sundar Pichai of Google, James Gorman of Morgan Stanley, Jorgen Vig Knudstorp of The Lego Group, and Sheryl Sandberg of Facebook. Rising political stars like Republican Sen. Tom Cotton, R-Ark., and Democratic presidential hopeful Mayor Pete Buttigieg of South Bend, Indiana, also did short stints with the firm.
But with increased influence comes a brighter spotlight on the historically secretive firm. McKinsey alumni were also involved in major scandals like Enron and Valeant. And the firm has been on a bit of an apology tour after some negative press.
"I think there was a period of time when mystique was a good thing," Kevin Sneader, global managing partner of McKinsey & Company told CNBC in March, "Mystique is not a good thing anymore. People don't like secrecy. We have to change with that."
Watch the video above to learn more about the prominent consulting firm's history and recent scrutiny.