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Is McKinsey losing its mystique?

Managing partner Kevin Sneader wants to close the ‘dark chapter’ of an opioid scandal but he needs to rebuild trust in the firm

It was, in many ways, a routine piece of work for one of the consultancies to which big businesses regularly turn for advice on how to boost their profits in increasingly complex markets.

The slickly-packaged Evolve 2 Excellence plan to “turbocharge” a product’s sales involved targeting its most prolific distributors, honing its messaging to boost brand loyalty, and circumventing restrictive retailers by offering mail-order deliveries to its keenest users.

But the product was OxyContin, the highly addictive painkiller; the client was Purdue Pharma, a drugmaker now synonymous with America’s opioid crisis; and the consultancy was McKinsey, the most prestigious brand in an industry James McKinsey essentially created in 1926.

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