ANN CROTTY: What do Weinstein, McKinsey and KPMG have in common?
Did you notice the striking similarity between McKinsey’s long-overdue Eskom statement and KPMG International’s statement on its Gupta-related work? Neither really admitted to any wrongdoing, bar the odd lapse in standards and judgment. So similar are they, it’s possible they were crafted by the same legal team. Or perhaps these sorts of non-admission admissions are like wills, and there are standard forms that can be bought off the shelf at CNA. (Given the growing demand for them there could be a business opportunity here.) Former institutions and figures of authority are dropping all over the place. Politics and politicians are long gone, as are religion and religious figures. The legal profession is just a leak or two away from public calumny. And even that artificial construct, Hollywood, looks to be toppling.Included in McKinsey’s "errors of judgment and process" was its failure to "engage adequately with advocate [Geoff] Budlender". This is dealt with in a particularly mean-sp...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.