THREAD: McKinsey & Company has $900M in US government contracts, but just got caught providing Saudi Arabia with a hit list to silence/imprison Saudi critics. Ironically, they recently ended their contract with ICE, citing a violation in their "values."https://www.businessinsider.com/mckinsey-report-saudi-arabia-dissidents-arrest-2018-10 …
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McKinsey recently cited a violation of their "values" when allegedly ending their contract with ICE, but a spokesperson said the contract was already ended at the time and then the contract was modified 3 days after a NYT story was published.https://www.nytimes.com/2018/07/09/business/mckinsey-ends-ice-contract.html …
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McKinsey also entered into an illegal $700 million contract with South Africa. In late 2015, the company entered into a deal despite objections from at least three influential McKinsey partners.https://www.nytimes.com/2018/06/26/world/africa/mckinsey-south-africa-eskom.html …
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The deal turned out to be illegal and in violation of South African contracting law because some of the payments were channeled into an associate of an Indian-born family at the center of a corruption scandal.https://www.nytimes.com/2018/06/26/world/africa/mckinsey-south-africa-eskom.html …
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McKinsey also advises Puerto Rico on debt and is likely profiting on the outcome. The massive consulting company has millions of $ riding on the outcome because they own bonds issued by Puerto Rico. This is a potential conflict of interest.https://www.nytimes.com/2018/09/26/business/mckinsey-puerto-rico.html …
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This conflict of interest means that Puerto Rico wants to save as much money as possible, while McKinsey is motivated to make as much money as possible on the millions of $ in bonds they own.https://www.nytimes.com/2018/09/26/business/mckinsey-puerto-rico.html …
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McKinsey also failed to disclose that its secret hedge fund held a stake in a six of the bankruptcy cases it was advising, which is a potential violation of bankruptcy law.https://www.wsj.com/articles/mckinsey-investments-werent-disclosed-in-bankruptcy-cases-1529423138 …
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"Rules governing the chapter 11 bankruptcy process require advisers to disclose all relationships that might give rise to a conflict of interest, to ensure that advisers will be disinterested advocates for their clients and that other participants in the cases are aware of them.”
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Conclusion: It is absolutely insane for the US government to be granting $900 MILLION in federal contracts to a globalist company that does business with every anti-American company in the world like McKinsey. Taxpayers should not be giving money to these garbage people.
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