Literally. They swoop in, do “reorg” for inordinate amounts of money, make a mess, and more often than not leave their people inside that we have to cover for because they have no clue (nor care to do a good job). That’s on top of us having to pick up work for our people who were laid off. Often competent and experienced ones that were important for the efficiency and results of a team.
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the term "blind leading the blind" fits well here. a bunch of mo--ns - hire these contracts to hire these consultants - and RIF a bunch of FTEs and once they get the ball rolling - these folks that architected the solution sale off into the sunset - leaving a trail of utter destruction in their wake - yet, what do they care - they got their kudos and big payday!
Starnes just announced this guys hiring a couple of weeks ago. You’ll never guess one of the work places on his resume, duh, BCG:
I’m excited to welcome Philip Aquilino to the Truist Risk Management Organization’s leadership team as Chief Regulatory Relations Officer. Philip brings extensive experience in financial services regulations and risk strategy and consulting. Glad to have your expertise and looking forward to working with you. You’ve joined a great team!
BCG are a bunch of id--ts.
Haaa haaaa haaa you people. It’s the same as always only now on a bigger scale. Expenses are to high, cut jobs, outsource, two years later bring it back in house, replace some execs. Rinse wash repeat, it’s like clockwork. Second act of SunTruist, Bill retires in a couple of years, new CEO and it starts all over again with act 3.
Agreed 100%. The love affair with BCG is most nauseating and we defer to their “experts” on all aspects of business instead of leveraging the knowledge and expertise that is already on payroll.