readuncutMay 30

McKinsey published "The AI Reckoning" diagnosing governance failures, then 7 days later invested in OpenAI's Deployment Company at $14 billion valuation. The consulting firms survey the boards, document the panic, then buy into the entity that services the demand they created.

https://readuncut.com/94-will-keep-spending-on-ai-even-when-it-fails/

#McKinsey #OpenAI #ConsultingIndustry #ConflictOfInterest #VentureCapital #AIgovernance #CorporateCaptialism

94% will keep spending on AI even when it fails

Somewhere on the 40th floor of a building you would recognize, a room full of people who could not create an email account without calling someone from IT is making the largest capital allocation decisions in the history of American business. They are the board of directors, the people with

Read Uncut
Tycoon WorldApr 7, 2025

ALVAREZ & MARSAL STRENTHENS FINANCIAL SERVICES CAPABILITIES WITH THE APPOINTMENT OF SHWETA JHA AS MANAGING DIRECTOR

#TycoonWorld #AlvarezAndMarsal #ShwetaJha #ManagingDirector #BusinessTransformation #FinancialServices #LeadershipAppointment #DigitalTransformation #FintechLeadership #RiskManagement #DataDrivenDecisions #IndiaFinance #WomenInLeadership #FinancialSector #ExecutiveAppointment #DigitalFinance #BankingAndFinance #ConsultingIndustry #FinancialAdvisory

https://tycoonworld.in/alvarez-marsal-strenthens-financial-services-capabilities-with-the-appointment-of-shweta-jha-as-managing-director/

Alvarez & Marsal Enhances Financial Services Capabilities with Shweta Jha

Alvarez & Marsal India appoints Shweta Jha as Managing Director to strengthen its Business Transformation Services practice and deliver data-driven solutions to financial services clients.

Tycoon World
BellingenNSWAug 19, 2023

The Big Con:
How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies. Mazzucato, Mariana; Collington, Rose, eds. (2023).
https://marianamazzucato.com/books/the-big-con
#book #Mazzucato #big4 #ConsultingIndustry #State #capacity #tax #outsource #governance #accountability #PublicService #KnowHow #knowledge #dependency

Australia and the Big 4
How the big four accounting firms infiltrated governments, earning more than $10b over a decade while taxpayers are in the dark
https://www.abc.net.au/news/2023-07-17/pwc-ey-kpmg-deloitte-government-10-billion/102602370

Butler to the World:
How Britain Became the Servant of Tycoons, Tax Dodgers, Kleptocrats and Criminals, Oliver Bullough. 2022
https://us.macmillan.com/books/9781250281920/butlertotheworld

Tracking how the super rich are changing the world for the rest of us, Oliver Bullough.
https://www.codastory.com/newsletters/oligarchs/
#Britain #UpperClass #crime #AntisocialBehaviour #Tycoons #TaxDodgers #Kleptocrats #Criminals

The Big Con

Economics - Innovation - Inclusive Growth - Public Purpose | Mariana Mazzucato