McKinsey & Company
Coverage of McKinsey & Company in the Nexus archive.
- Create less AI slop and have more fun: 4 McKinsey partners told us what they want from junior consultants
Four senior partners at McKinsey & Co discussed expectations for junior consultants, advising them to produce less "AI slop"—content that appears good but lacks critical substance. The discussion highlighted poor AI usage across various levels and emphasized better utilization of technology. Partners also suggested focusing on improved socialization with colleagues.
- Meet 4 of the people who made it to the top of McKinsey this year
Four McKinsey & Co. partners—Anna Mattsson, Alex Devereson, Maria Albonico, and Holger Hürtgen—were promoted to senior or distinguished partners. They discussed career strategies and the evolving role of leadership amid AI advancements in consulting.
- Mamdani assembles an economic ‘dream team’ to redirect NYC’s powerful development arm toward affordability
Mayor Zohran Mamdani appointed Anthony Shorris as president and CEO of the New York City Economic Development Corporation (NYCEDC) and Lina Khan as its board chair to prioritize affordability initiatives, including city-run grocery stores. The leadership change aims to redirect the EDC’s focus from traditional development projects toward addressing housing and economic equity.
- Surprise! NYC Nets 40,000 New Jobs on Wall Street Surge
New York City added 40,000 jobs in the first half of the year, driven by a surge in Wall Street and financial sector growth, despite challenges like tariffs, inflation, and rising rents. Mayor Zohran Mamdani, a democratic socialist, highlighted the positive economic impact and is expected to appoint Anthony Shorris as head of the city’s Economic Development Corp. to further boost the economy.
- Why corporate strategy is moving to the CFO’s office
Corporate strategy is increasingly managed by CFOs, with two-thirds of finance chiefs reporting strategy functions under their oversight, up from less than a third five years ago. AI is accelerating this shift, with CFOs leading enterprise-wide AI transformation and quantifying its impact on business operations.
- The ‘world’s toughest gym’: how global companies fight to survive in China
Foreign executives now come to China to study future competitors, reflecting a shift in China's role in the global economy. Joe Ngai of McKinsey & Company notes this change highlights how China has evolved from a market multinationals sought to capitalize on to a competitive battleground.
- What it would take to rebuild U.S. manufacturing might
McKinsey estimates the U.S. would need $2 trillion, or 6% of GDP, to rebuild industrial capacity for strategic goods like AI servers and key chemicals. The study highlights gaps in domestic manufacturing and the challenges of scaling up sectors beyond AI, despite recent investments like the CHIPS and Science Act.
- The Magician of the Kremlin
Kirill Dmitriev, a sanctioned Russian banker with no diplomatic background, has led Putin's negotiations to end the Ukraine war, pitching U.S. figures like Steve Witkoff and Jared Kushner on deals that would sacrifice Ukrainian sovereignty for joint economic projects. Dmitriev, linked to Putin's inner circle through his wife's friendship with Putin's daughter, promotes Russia as a stable investment destination despite its history of legal manipulation and war, contrasting his past advocacy for Russian economic reform.