Posts filtered by tags: McKinsey & Co.[x]


 

The one big question surrounding Oscar Health ahead of its IPO

Hello, Today in healthcare news: The one big question surrounding Oscar Health as it gears up for its IPO, BridgeBio gets its first FDA approval, and how retailers are changing their plans to take on the healthcare industry.  Oscar Health CEO Mario Schlosser Photo by Amber De Vos/Patrick McMullan via Getty Images One giant question is swirling around the IPO of hot health insurer Oscar: Can the startup ever make money? Insurance startup Oscar Health is going public at a valuation of $8 b...
Tags: Europe, US, America, Trends, Walmart, Mit, Healthcare, Oscar, Retail, Fda, Vaccine, Kroger, Marshall Project, Humana, Johnson Johnson, Medicare Advantage


Not everyone wants to return to the office - here's how the hybrid workforce may expand post-pandemic

Working in an office can help employees to explore collective creativity and team-build. Thomas Barwick/Getty Images Stav Vaisman is a marketing expert, startup founder, and writer on business and entrepreneurship. He says the pandemic shows workers can be just as productive working from home as they are in the office. With a hybrid work model, WFH productivity can be combined with team-building interaction.  Visit the Business section of Insider for more stories. The end to our global hea...
Tags: Productivity, Careers, Entrepreneur, Trends, Strategy, Nordic, McKinsey Co, Contributor, Pandemic, WFH, COVID, Contributor 2019, Hybrid Work, Thomas Barwick Getty Images Stav Vaisman, Stav Vaisman


McKinsey to Pay $573 Million to Settle Claims Over Opioid Crisis Role: Source

By Nate Raymond(Reuters) - Consulting firm McKinsey & Co has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states...
Tags: Mckinsey, McKinsey Co, Nate Raymond Reuters Consulting


More than 50 years after the Civil Rights movement, Black Americans still face discrimination in banking. But pro sports teams can help change that.

A general view of the court honoring Martin Luther King Day is seen prior to an NBA basketball between the Minnesota Timberwolves and the Atlanta Hawks on Monday, Jan. 18, 2021, in Atlanta. Todd Kirkland/AP Images The lack of access to basic financial services in poor and Black neighborhoods has forced underserved populations to rely on costly alternatives like check-cashing, money orders, and payday loans. In minority-majority zip codes, Black banks are often the primary source for fair, ...
Tags: America, Trends, Nba, Espn, Minnesota Timberwolves, Jim Crow, Black, Atlanta Hawks, Hawks, FDIC, McKinsey Co, Ashley Bell, Ryan Clark, Atlanta Todd Kirkland, National Black Bank Foundation Ashley Bell, National Black Bank Foundation


Looking to decarbonize the metal industry, Bill Gates-backed Boston Metal raises $50 million

Steel production accounts for roughly 8 percent of the emissions that contribute to global climate change. It is one of the industries that sits at the foundation of the modern economy and is one of the most resistant to decarbonization. As nations around the world race to reduce their environmental footprint and embrace more sustainable methods of production, finding a way to remove carbon from the metals business will be one of the most important contributions to that effort. One startup that’...
Tags: Startups, TC, Metal, Tech, Mit, Bill Gates, Fidelity, Electricity, Gates, Steel, Securities And Exchange Commission, Massachusetts Institute Of Technology, Carneiro, Moe, Woburn Mass, FMR


Germany moves to close the gender gap by requiring companies to put women on executive boards

German Chancellor Angela Merkel agreed to the new rule on Friday. Reuters On Friday, the German coalition government agreed to a new rule that companies with more than three board members must ensure one of those members is a woman. The rule also states companies in which the German government has a stake will require 30% of its board to be female. The rule reverses a voluntary system established in 2015 that some said failed to achieve gender equality. Franziska Giffey, Germany's federal ...
Tags: UK, France, Germany, Angela Merkel, US, Trends, Reuters, McKinsey Co, Christian Democrats, Marguerite Ward, Franziska Giffey Germany


We Know Diversity is Good for Business, So Why Do Corporate Leaders Remain Predominantly White and Male?

An examination of diversity in senior leadership roles at America’s top companies Diversity is more than just a buzzword, it’s a recipe for corporate success. Multiple studies have shown that a more diverse workforce in terms of age, gender, ethnicity, as well as veteran, disability, and LGBTQIA+ status can bolster innovation.i A more diverse corporate talent pool is a competitive advantage not only because it helps companies create better products but because it helps them attract and retain...
Tags: Featured, US, America, Diversity, United States, Bloomberg Businessweek, John, The New York Times, Workplace Diversity, The Washington Post, Harvard Business Review, James, Mckinsey, McKinsey Co, William H Frey, David Rock


Return customers are often the most profitable. Here's how to foster loyalty in your brand, no matter the size of your business.

Shayanne Gal/Business Insider Saladworks' No Kid Hungry campaign. Saladworks If you're at risk of closing during the pandemic, fostering brand loyalty and retaining existing customers are critical strategies for survival. Business owners and marketing experts offered tips on cultivating emotional, lasting relationships with customers. When it comes to meeting customers' evolving needs, trust needs to be the foundation of any relationship in any industry. Aim to delight rather...
Tags: Small Business, California, Entrepreneurship, Trends, Strategy, Customers, Edelman, West Coast, Black Lives Matter, Coca Cola, Mintel, Srinivasan, Customer Loyalty, Nordic, Kent State University, Groening


Brand Moves for Wednesday September 23

In early March we began reporting daily on how brands were dealing with Covid-19. But it’s become clear that the current climate is one of near-perpetual disruption, so we decided to keep on telling the stories of inspiring brand leadership and strategy amid the latest crises in an anxious world. Our goal is to provide an up-to-the-minute source of information, inspiration and insight on brand moves as they happen. India’s most valuable company is in talks with domestic assemblers to make a ver...
Tags: Apple, Google, Amazon, London, Supreme Court, Mac, California, China, India, Advertising, US, Samsung, Budweiser, Aclu, Royal Ballet, Mars


Meet Jane Fraser, the first woman set to helm a major US bank

Jane Fraser addresses Brazil-US Business Council forum in Washington, DC in March 2019. Erin Scott/Reuters Citigroup announced on Thursday that its CEO Michael Corbat will be retiring come February 2021 — and his successor will be Jane Fraser. She has been elected to Citi's board, effective immediately. The move makes Fraser the first woman to helm a major US bank ever, shattering a glass ceiling on Wall Street. Fraser, who is Scottish-American, has held various leadership positions at Cit...
Tags: New York, London, Mexico, Scotland, Stanford, New York City, US, Trends, Cnn, Washington Dc, Paris, Citigroup, Miami, Goldman Sachs, Council, Latin America


Pandemic fallout: 40-plus retail chains bankrupt

When Archie Jafree heard that Lord & Taylor filed for Chapter 11 bankruptcy in early August, he was sad about the fate of the storied retailer with roots dating back to 1824. Still, the 36-year-old northern Virginia resident acknowledged he hadn’t shopped there in months, preferring instead to go to Nordstrom and Zara, where he feels the customer service is better. “It had good quality clothes,” Jafree said of Lord & Taylor, “but they hadn’t evolved with the times.” Many shoppers like Jafree are...
Tags: Nordstrom, Business, Virginia, Uncategorized, Sport, Soccer, Zara, Taylor, Asos, Gucci, Omaha Nebraska, Penney, Simon Property Group, Gonzalez, McKenna, McKinsey Co


7 charts that show the glaring gap between men's and women's salaries in the US

US Rep. Ilhan Omar poses for a photo with fellow panelists at a town hall meeting on gender pay gap and equity on April 24, 2019, in Minneapolis, Minnesota. Stephen Maturen / Stringer/Getty Images This year's Women's Equality Day is on August 26, to commemorate the 1920 adoption of the 19th Amendment ensuring women the right to vote throughout the United States, though women of color wouldn't fully secure that right until decades later.  Even though a lot of progress has been made, the gend...
Tags: Wage Gap, News, Minnesota, California, Life, Senate, US, Careers, Los Angeles, Trends, Strategy, Bureau of Labor Statistics, United States, Wyoming, American Express, Louisiana


The World’s Best Hope for Enough Covid-19 Vaccine Comes from India

▲ Adar Poonawalla, CEO of the Serum Institute, and his wife, Natasha, at their ranch in Pune, India. Photographer: Subhash Sharma for Bloomberg Businessweek The Serum Institute of India is preparing to crank out a billion doses. And that’s just the beginning. By Ari Altstedter | Bloomberg As chief executive officer of the Serum Institute of India, the largest manufacturer of vaccines in the world, Adar Poonawalla can produce about 1.5 billion doses a year of almost any inoculation. He has ma...
Tags: Europe, Medicine, France, Life, India, Narendra Modi, Bloomberg, Paris, Oxford, West Africa, World Health Organization, Astrazeneca, Airbus, Bloomberg Businessweek, Michelin, University of Oxford


Langham hotel in Pasadena to reopen after laying off 472 workers

The upscale Langham Huntington Pasadena is preparing to reopen Friday, July 31 after shutting down in April and laying off 472 workers the following month amid the COVID-19 pandemic. Operations won’t resume at full capacity, however. “When we reopen we won’t be in full operation,” Langham spokeswoman Susan Williger said. “Most of our restaurants will remain closed and the spa center will be closed. The Terrace restaurant will be open with limited hours, and the Hideaway grab-and-go with food ser...
Tags: Business, News, Sport, Soccer, Pasadena, Hospitality, Mckinsey, McKinsey Co, Langham, Gamino, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun


Coronavirus: Brand Moves for Monday May 18

According to new survey data from McKinsey & Co, 20% of shoppers have left their primary grocery store in favor of another during the crisis, and 37% of those who’ve made the switch expect to remain loyal to the new retailer after the crisis ends. The main reasons people stopped shopping at their primary grocer were constant problems with keeping the shelves full and better ecommerce offerings elsewhere. Another contributing factor was that consumers opted for a store that was located closer to...
Tags: Amazon, Facebook, Instagram, Congress, China, Africa, Advertising, US, Chicago, Asia Pacific, Middle East, Alibaba, Bumble, Facetime, Zalora, Giphy


1 in 5 Shoppers Have Changed Grocery Stores During the Pandemic

During these turbulent times, 20% of shoppers have left their primary grocery store in favor of another, according to new survey data from McKinsey & Co. Not only that, but 37% of those who've made the switch expect to remain loyal to the new retailer after the crisis ends. The main reasons people stopped shopping...
Tags: Advertising, Grocery, McKinsey Co, CPG, Life in Quarantine


Coronavirus US live: New York, Los Angeles and Washington DC extend stay-at-home orders

New York flattens the curve but 2,000 still hospitalized yesterdayTrump to unveil guidelines on reopening economyLive global updatesSee all our coronavirus coverageSupport the Guardian’s independent journalism. Make a contribution 6.34pm BST British foreign secretary Dominic Raab announced the country’s lockdown measures would remain in effect “for at least the next three weeks”.Raab, who has temporarily taken over some key duties of Boris Johnson’s as the prime minister continues to recover...
Tags: UK, New York, US, US news, US politics, Washington Dc, Boris Johnson, Andrew Cuomo, Donald Trump, Foreign, Cuomo, New York Los Angeles, McKinsey Co, Raab, Dominic Raab, Coronavirus outbreak


Facebook Appoints 2 Women to Its Board of Directors

Facebook bolstered the female presence on its board of directors with its appointments of Nancy Killefer and Tracey T. Travis, effective immediately. Killefer spent three decades with management consulting company McKinsey & Co. before retiring in 2013, working with companies across the consumer, retail, restaurant and technology industries. She also held various government roles, including...
Tags: Facebook, Advertising, McKinsey Co, Nancy Killefer, Social Pro Daily, Killefer, Tracey T Travis, Facebook Appoints


Pearl Transportation & Logistics expands its operations – twice in six months

When a company moves to a bigger facility because of increased demand for its services, that’s a clear sign business is good. But when it happens twice in six months … well, they must   be doing something right. That’s the case with Pearl Transportation & Logistics, a Los Angeles-based company that provides pickups, deliveries and warehousing service to customers throughout Southern California and the world. In June 2019, Pearl moved from a 750-square-foot space on Eucalyptus Avenue to a 3,000-s...
Tags: Apple, Business, Real Estate, News, Los Angeles, Sport, UPS, Soccer, Local News, Commercial Real Estate, Southern California, Mckinsey, McKinsey Co, Hausmann, Camargo, Murnane


When Pete Buttigieg Came to Visit

The former South Bend mayor’s endorsement interview, and what the board had to say after he left the room.
Tags: News, Podcasts, New York Times, Iowa, Democratic Party, Kathleen, Kingsbury, Buttigieg, Primaries and Caucuses, McKinsey & Co, Pete Buttigieg, Pete (1982-, Presidential Election of 2020, South Bend (Ind


Can Western Firms Stop Profiting From Poor Nations’ Corruption?

The daughter of Angola’s former president may face charges of corruption that was made easier by established business advisers.
Tags: News, Angola, PricewaterhouseCoopers, Tax Evasion, Dos Santos, Money Laundering, Transparency International, Boston Consulting Group, Isabel, João, Lourenco, Accounting and Accountants, Tax Shelters, Embezzlement, McKinsey & Co, Panama Papers


How U.S. Firms Helped Africa’s Richest Woman Exploit Her Country’s Wealth

Isabel dos Santos, the daughter of Angola’s former president, built an empire in a country mired in corruption. Western consultants were her advisers.
Tags: News, Africa, Poverty, Diamonds, United States, Angola, PricewaterhouseCoopers, Dos Santos, Malta, Money Laundering, Consultants, Isabel, Isabel Dos Santos, João, Lourenco, Jose Eduardo


We asked Wall Street execs how finance will transform over the next decade. These are their 26 biggest predictions.

Business Insider has been polling experts to learn what finance, investing, payments, and real estate will look like in 2030.  The past 10 years have seen cost pressures and technological change sweeping across the financial-services industry, and we saw that come to a head in several key ways in 2019.  Tech and big data will inevitably continue to drive some key shifts. And the types of skills and jobs needed are generally expected to look very different in 10 years as more basic functions co...
Tags: Amazon, Utah, New York, Wall Street, Milwaukee, Americas, San Francisco, Trends, Atlanta, Bank Of America, Indianapolis, Netflix, Washington Dc, Merrill Lynch, Pimco, Goldman Sachs


26 ways tech will transform Wall Street in the coming decade

With 2020 quickly approaching, Business Insider has been polling experts to learn what finance, investing, payments, and real estate will look like in 2030.  The past 10 years have seen cost pressures and technological change sweeping across the financial-services industry, and we saw that come to a head in several key ways in 2019.  Tech and big data will inevitably continue to drive some key shifts. And the types of skills and jobs needed are generally expected to look very different in 10 y...
Tags: Amazon, Utah, New York, Wall Street, Milwaukee, Americas, San Francisco, Trends, Atlanta, Bank Of America, Indianapolis, Netflix, Washington Dc, Merrill Lynch, Pimco, Goldman Sachs


These 26 predictions from finance execs reveal how much Wall Street jobs will transform over the next decade

With 2020 quickly approaching, Business Insider has been polling experts to learn what finance, investing, payments, and real estate will look like in 2030.  The past 10 years have seen cost pressures and technological change sweeping across the financial-services industry, and we saw that come to a head in several key ways in 2019.  Tech and big data will inevitably continue to drive some key shifts. And the types of skills and jobs needed are generally expected to look very different in 10 y...
Tags: Amazon, Utah, New York, Wall Street, Milwaukee, Americas, San Francisco, Trends, Atlanta, Bank Of America, Indianapolis, Netflix, Washington Dc, Merrill Lynch, Pimco, Goldman Sachs


Iowa Democrats worry ‘Medicare for All’ hurts key local industry

By ALEXANDRA JAFFE | Associated Press DES MOINES, Iowa — Kim Motl doesn’t work in the health insurance industry. But her friends and neighbors do. So when she saw Sen. Elizabeth Warren recently in Fort Dodge, Iowa, Motl pressed the Democratic presidential candidate about her “Medicare for All” plan, which would replace private insurance with a government-run system. “What about the little guys that work in the insurance business, that support our communities? The secretary that works for them, b...
Tags: Politics, News, California, La, Senate, America, Sport, Joe Biden, Soccer, Bureau of Labor Statistics, Democrats, Iowa, New Jersey, Healthcare, Long Beach, Warren


How McKinsey Makes Its Own Rules

The consulting company chases after government contracts, but it has a habit of evading the oversight that comes with them.
Tags: News, United States, South Africa, General Services Administration, Conflicts Of Interest, McKinsey & Co, Corruption (Institutional, Government Contracts and Procurement


Buttigieg’s Bundlers Include Blackstone Vice Chair, Tech Chiefs

(Bloomberg) -- Pete Buttigieg’s campaign on Friday released the names of nearly 150 people who raised at least $25,000 for his presidential bid, including Blackstone Group Vice Chairman Tony James and Silicon Valley entrepreneur Swati Mylavarapu.The disclosure of the names of the so-called bundlers -- supporters who collect campaign contributions from multiple donors -- comes in response to rival Elizabeth Warren, who has criticized Buttigieg for what she says is a lack of transparency.Buttigieg...
Tags: Google, New York, News, Obama, Congress, Elizabeth Warren, Los Angeles, West Virginia, Barack Obama, Bloomberg, Joe Biden, Harvard, Canada, Washington Dc, Iowa, Standard Oil


Why Giuliani Eyed 2 Ukrainian Oligarchs for Help in Digging Dirt

VIENNA -- They were two Ukrainian oligarchs with American legal problems. One had been indicted on federal bribery charges. The other was embroiled in a vast banking scandal and was reported to be under investigation by the FBI.And they had one more thing in common: Both had been singled out by Rudy Giuliani and pressed to assist in his wide-ranging hunt for information damaging to one of President Donald Trump's leading political rivals, former Vice President Joe Biden.That effort culminate...
Tags: News, White House, Russia, Tel Aviv, Reagan, Joe Biden, Ukraine, Fbi, Chicago, Vienna, Atlantic, United States, New York Times, Davis, Poland, Manhattan


The Candidates: Pete Buttigieg

In studio with “The Daily,” the Indiana mayor talks about how his lifelong political ambitions were complicated by the secret he kept for decades.
Tags: News, Indiana, Harvard University, Mayors, Democratic Party, Peters, Buttigieg, McKinsey & Co, Pete Buttigieg, Pete (1982-, Presidential Election of 2020, Rhodes Scholarship, South Bend (Ind, Jeremy W