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From boardrooms to the White House and beyond McKinseys influence in business is virtually unparalleled. It is quite possibly the most influential private institution on the planet. An organization has a problem that they cannot solve with their internal resources. Thats the most classic way that McKinsey is brought in. I have had a lot of exposure to firms with a high opinion of themselves. McKinsey takes the cake. Its alumni control some of the largest and most powerful companies in the world. And have also been involved in some of corporate Americas Most Sensational scandals. Now is the company having a moment of reckoning? One of the worlds most storied and respected management consulting firms is finding itself in the subject of critical media scrutiny. Or will it somehow continue to fly below the radar? McKinsey was founded in 1926 by James O McKinsey. He was a professor at the University of Chicago and an expert in management accounting. The firm began advising companies lo