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What actions will US lawmakers take regarding McKinsey's contracts by the end of 2024?
2
Resolution / Starting Odds
Formal investigation launched • 25%
Contracts reviewed • 25%
No action taken • 25%
New regulations proposed • 25%
Official actions or announcements from US lawmakers or government agencies
Story
US Lawmakers Call for Investigation into McKinsey's $480 Million Contracts and Work with Chinese Government
Oct 19, 2024, 12:46 PM
US lawmakers, including Rep. John Moolenaar, are calling for an investigation into McKinsey & Company over allegations that the consulting firm misrepresented its work with the PRC government. McKinsey's Managing Partner testified under oath earlier this year, claiming the firm had never worked with the Chinese Communist Party or the central government in China. However, GOP lawmakers argue that McKinsey's website suggests otherwise. Since 2008, McKinsey has received $480 million in contracts from the U.S. Department of Defense. Lawmakers are urging the Justice and Defense departments to review these contracts and investigate the firm's activities. A senior McKinsey partner allegedly handed the Chinese premier McKinsey's contributions to one of China's 5-year-plans.
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Settlement finalized with over $500 million • 25%
Settlement finalized with exactly $500 million • 25%
Settlement finalized with less than $500 million • 25%
No settlement finalized by end of 2024 • 25%
U.S. Department of Justice • 25%
Federal Trade Commission • 25%
Securities and Exchange Commission • 25%
Other • 25%
Settlement finalized at $500M • 25%
Settlement finalized above $500M • 25%
Settlement finalized below $500M • 25%
No settlement finalized • 25%