hen Puerto Rico started bankruptcy proceedings in 2016, the US island territory became McKinsey’s newest client. The company was hired to advise a federally appointed oversight board and, according to a report in New York magazine, set about creating an “aspirational vision” for Puerto Rico, appointing a 31-year-old Harvard graduate as the project’s senior full-time consultant. A 2016 Columbia graduate assisted with financial calculations and job cuts (euphemistically termed
ECONOMICS
Feb 24, 2023
2 minutes
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