McKinsey quote of the day

From The Firm, Duff McDonald writes about McKinsey’s decision after 2000 to get back heavily into government consulting. To gain a foothold in China, the firm lowered its usual “sky-high” fees. But when it came to the U.S. government, no discounts. According to public disclosures on McKinsey’s government contracts,

it cost taxpayers $164,165 a week for the services of one engagement managers and three associates.

I leave it to readers to draw their own conclusions.