McKinsey & Company
US-based worldwide management consulting firm
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| January 2025 | McKinsey Partner Rachel Riley joined the Department of Government Efficiency (DOGE), an organization led by Elon Musk that has been criticized for potentially undermining U.S. democratic processes. |
| 2024 | McKinsey was ordered to pay a $122 million criminal penalty and enter a three-year deferred prosecution agreement for violating the Foreign Corrupt Practices Act, with 50% of the penalty to be paid to South Africa. |
| December 2024 | McKinsey settled a criminal investigation by the US Justice Department for $650 million, with conditions preventing marketing of controlled substances for five years. The settlement was filed in federal court in Abingdon, Virginia, to resolve criminal charges related to marketing addictive painkillers. |
| October 18 2024 | The U.S. House of Representatives Select Committee on the CCP reported that McKinsey 'Equipped America's Foremost Adversary and Misrepresented Work for the Chinese Military Under Oath'. |
| February 2024 | McKinsey was questioned in court regarding potential violations of federal disclosure rules, specifically concerning their work for Saudi Arabia's Public Investment Fund. The company, along with three other consulting firms, was accused of refusing to provide information and not disclosing themselves as agents of the Saudi government. |
| January 2024 | Prima Wawona announced complete liquidation, including laying off all 5,400 employees and selling over 13,000 acres of farmland after failed efforts to sell the company in bankruptcy. |
| 2023 | An AFP investigation exposed leaked documents revealing McKinsey's role as a primary advisor to COP28 hosts (United Arab Emirates), allegedly pushing the interests of oil and gas clients like ExxonMobil and Aramco. |
| 2023 | Over 400 civil society groups signed a protest letter to Kenyan President William Ruto, accusing McKinsey of improperly influencing the Africa Climate Summit by proposing an agenda that allegedly reflects the interests of US corporations and McKinsey's fossil fuel clients. |
| December 2023 | Reuters reported McKinsey agreed to pay an additional $78 million to settle claims with health insurers regarding its consulting work that allegedly fueled opioid addiction, with the firm admitting to no wrongdoing. |
| October 2023 | Prima Wawona filed for bankruptcy, with McKinsey becoming the company's largest creditor, owed $8 million. The company was in default on $679 million in debt. |
| July 2023 | The McKinsey corruption and tax fraud investigation remained ongoing, with the company potentially facing charges related to the French presidential election campaign and tax practices. |
| July 2023 | Former Prima Wawona CEO Dan Gerawan filed a lawsuit alleging that Paine Schwartz used Prima Wawona to create financial gain for McKinsey, claiming McKinsey was hired as consultants without board approval. |
| March 2023 | McKinsey announced a layoff of 1,400 employees, marking a rare job cut for the company. |
| March 23 2023 | Treasury Board announced audit results of McKinsey contracts, finding administrative procedure inconsistencies but no evidence of political direction in contract awards. |
| January 2023 | CBC News investigative report revealed that Justin Trudeau's government spent at least $117.4 million on McKinsey consulting since coming to power, with $84 million spent between March 2021 and November 2022. |
| January 2023 | Die Zeit reported McKinsey provided consulting services to Gazprom and Rostec while consultants were in Germany on behalf of the German Federal Ministry of Defence, raising concerns about potential conflicts of interest. |
| January 10 2023 | Canadian opposition parties (Conservative Party, New Democratic Party, and Bloc Quebecois) called for a parliamentary inquiry into federal contracts awarded to McKinsey, demanding full disclosure of all government interactions with the company. |
| 2022 | McKinsey senior partners Carolyn Dewar, Scott Keller, and Vikram Malhotra authored the book 'CEO Excellence', published by Scribner. |
| December 2022 | French authorities raided the headquarters of President Emmanuel Macron's Renaissance party and McKinsey's Paris office as part of the ongoing corruption investigation. |
| October 2022 | French National Financial Prosecutors' Office widened the probe into McKinsey, expanding from initial tax investigations to include potential false election campaign accounting, favoritism, and conspiracy allegations. |
| September 30 2022 | South Africa's National Prosecuting Authority criminally charged McKinsey South Africa and former partner Vikas Sagar with fraud, corruption, and theft related to a Transnet contract. |
| June 1 2022 | McKinsey announced the acquisition of Caserta, a data engineering firm. |
| April 2022 | McKinsey, along with Alphabet Inc., Shopify, Meta Platforms, and Stripe, Inc., announced a $925 million advance market commitment to support carbon dioxide removal (CDR) technology development over the next 9 years. |
| April 2022 | The Zondo Commission recommended criminal investigation of Eskom executives for improperly awarding consulting contracts to McKinsey. |
| April 2022 | The New York Times reported that McKinsey had violated its own internal ethical guidelines by allowing partners and consultants to work for both government clients like the FDA and pharmaceutical clients like Purdue simultaneously. |
| April 2022 | Published the 'Global Energy Perspective' report predicting fossil fuel use will peak between 2023-2025 and account for 43% of energy consumption by 2050. |
| January 2022 | The Second U.S. Circuit Court of Appeals in Manhattan revived a lawsuit against McKinsey & Co. filed by retired turnaround specialist Jay Alix, alleging concealment of potential conflicts in bankruptcy court work. |
| 2021 | Over 1,100 McKinsey employees signed a public letter criticizing the firm's work with 43 of the top 100 most polluting companies, which were responsible for over a third of global carbon emissions in 2018. The letter demanded carbon emission disclosure, and several employees resigned in protest after McKinsey executives refused to change their client advisory approach. |
| 2021 | McKinsey agreed to repay R870 million in fees to Transnet SOC Ltd., seeking to distance itself from corruption allegations. |
| 2021 | MIO Partners was fined $18 million by the SEC for having investment decision-makers with access to confidential client information, potentially using advanced knowledge of mergers, bankruptcies, and financial announcements. |
| 2021 | McKinsey's internal forecasting revealed that the emissions from their clients would potentially lead to 3 to 5 degrees of global warming, and that their client portfolio included more than half of the world's worst polluters. |
| 2021 | McKinsey was found to be working on the Oil Demand Sustainability Programme (ODSP) for the Saudi Arabian government, aimed at increasing fossil fuel demand in African and Asian countries. |
| 2021 | Bob Sternfels becomes managing partner, leading the company from the San Francisco office. |
| 2021 | McKinsey discontinued its investment banking advisory unit. |
| 2021 | McKinsey's Australian office acquired Hypothesis, a digital product development company, and Venturetec, an innovation consulting firm. |
| December 2021 | NBC News reported McKinsey's connection to DJI, a drone manufacturer sanctioned by the US Treasury for alleged involvement in the persecution of Uyghurs in China. |
| February 2021 | McKinsey reaches settlements with attorneys general in 49 states, five U.S. territories, and the District of Columbia, agreeing to pay nearly $600 million to settle investigations into its role in promoting OxyContin sales. |
| 2020 | McKinsey representatives testified at the Zondo Commission of Inquiry, blaming former partner Vikas Sagar for involvement in the corruption scandal. |
| 2020 | Launched the McKinsey Institute for Black Economic Mobility to fund research focused on advancing inclusive growth and racial equity globally. |
| February 2020 | The Atlantic published an article by Daniel Markovits critiquing McKinsey's focus on intellectual elite credentials over direct experience. |
| 2019 | Nadiem Makarim was appointed Minister of Education and Culture of Indonesia, continuing in the role as of the current date. |
| 2019 | Kyriakos Mitsotakis became Prime Minister of Greece, continuing in the role as of the current date. |
| 2019 | McKinsey paid the US Justice Department $15 million to settle allegations of failing to disclose potential conflicts in three bankruptcy case advisories. |
| 2019 | McKinsey projects over 2,400 CVS customers would have an overdose or become reliant on opioids, and estimates a potential $36.8 million rebate from Purdue Pharma based on overdose 'events'. |
| 2019 | The New York Times and ProPublica reported on documents revealing McKinsey's controversial consulting work with ICE, which included proposing cuts to migrants' food and medical care and advocating for accelerated deportation processes. |
| February 2019 | The New York Times published a series of articles investigating potential conflicts of interest between McKinsey's hedge fund (MIO Partners) and its management consulting services. |
| February 12 2019 | The European Parliament Greens/EFA group presented a motion denouncing foreign public relations companies, including McKinsey & Company, for their involvement in representing Saudi Arabia and handling its public image. |
| 2018 | McKinsey begins collecting significant consulting fees, earning at least $400 million from pharmaceutical companies. |
| 2018 | McKinsey received 800,000 job applications for 8,000 available positions, highlighting the firm's competitive recruitment process. |
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