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	<title>Consulting and business News, Views and Opinion</title>
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		<title>Former McKinsey Consultant to Pay $2.8 Million Over Galleon Charges</title>
		<link>http://www.consultr.co.uk/2010/05/former-mckinsey-consultant-to-pay-2-8-million-over-galleon-charges/</link>
		<comments>http://www.consultr.co.uk/2010/05/former-mckinsey-consultant-to-pay-2-8-million-over-galleon-charges/#comments</comments>
		<pubDate>Tue, 18 May 2010 08:59:30 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.consultr.co.uk/?p=309</guid>
		<description><![CDATA[Anil Kumar pleaded guilty in January to providing Rajaratnam with information about pending mergers...]]></description>
			<content:encoded><![CDATA[<p>The former McKinsey &#038; Co. consultant who pleaded guilty to passing confidential information to Raj Rajaratnam, has been ordered  to pay about $2.8 million in disgorgement and penalties to settle related SEC charges against him.</p>
<p>Kumar pleaded guilty to providing Rajaratnam with information about a takeover of ATI Technologies by Advanced Mirco Devices in 2006, amongst others. After receiving the info, Raj apparently told Kumar: “Anil, you are a hero,” according to prosecutors.</p>
<div class="aizattos_related_posts"><span class="aizattos_related_posts_header" >Related Posts</span><ul><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2009/12/mckinsey-jettisons-troubled-star-kumar/" rel="bookmark" title="Permanent Link: McKinsey jettisons troubled star Kumar" >McKinsey jettisons troubled star Kumar</a></span><div class="aizattos_related_posts_excerpt"> McKinsey, the top management consultant, has parted company with Anil Kumar, its former star partne...</div></li><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2010/03/mckinsey-management-consultant-busted-for-funneling-cash-to-iran/" rel="bookmark" title="Permanent Link: McKinsey Management Consultant Busted for Funneling Cash to Iran" >McKinsey Management Consultant Busted for Funneling Cash to Iran</a></span><div class="aizattos_related_posts_excerpt"> 

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The firm's 400 directors, or senior partners, elected Barton to a 3-year term. He will be the el...</div></li><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2010/04/consultant-speak-quick-reference-guide/" rel="bookmark" title="Permanent Link: Consultant Speak: Quick Reference Guide" >Consultant Speak: Quick Reference Guide</a></span></li><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2009/01/professional-humor-2/" rel="bookmark" title="Permanent Link: Professional Humor" >Professional Humor</a></span></li></ul></div><a class="a2a_dd addtoany_share_save" href="http://www.addtoany.com/share_save?linkurl=http%3A%2F%2Fwww.consultr.co.uk%2F2010%2F05%2Fformer-mckinsey-consultant-to-pay-2-8-million-over-galleon-charges%2F&amp;linkname=Former%20McKinsey%20Consultant%20to%20Pay%20%242.8%20Million%20Over%20Galleon%20Charges"><img src="http://www.consultr.co.uk/wp-content/plugins/add-to-any/share_save_171_16.png" width="171" height="16" alt="Share/Bookmark"/></a>]]></content:encoded>
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		<title>Consultants Spank Big Four</title>
		<link>http://www.consultr.co.uk/2010/05/consultants-spank-big-four/</link>
		<comments>http://www.consultr.co.uk/2010/05/consultants-spank-big-four/#comments</comments>
		<pubDate>Mon, 10 May 2010 08:56:25 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.consultr.co.uk/?p=305</guid>
		<description><![CDATA[The specialists have it when it comes to thought leadership...]]></description>
			<content:encoded><![CDATA[<p>The Big Four accounting firms lag behind other top consultancies when it comes to their status as thought leaders.</p>
<p>A survey by Sourceforconsulting.com found that McKinsey, Booz, IBM and Bain are the top four regarded for how they differentiate themselves from other consultancies, and the depth of their research.</p>
<p>Deloitte came fifth in the research, while PwC were sixth; E&amp;Y 13th; and KPMG 17th.</p>
<div class="aizattos_related_posts"><span class="aizattos_related_posts_header" >Related Posts</span><ul><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2009/04/if-santa-hired-consultants-strategy/" rel="bookmark" title="Permanent Link: If Santa Hired Consultants&#8230; Strategy" >If Santa Hired Consultants&#8230; Strategy</a></span><div class="aizattos_related_posts_excerpt"></div></li><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2009/03/if-santa-hired-consultants-span-of-control/" rel="bookmark" title="Permanent Link: If Santa Hired Consultants&#8230; Span of Control" >If Santa Hired Consultants&#8230; Span of Control</a></span><div class="aizattos_related_posts_excerpt"></div></li><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2009/09/consulting-gone-wrong/" rel="bookmark" title="Permanent Link: Consulting gone wrong" >Consulting gone wrong</a></span><div class="aizattos_related_posts_excerpt">Two consultants attempt to solve a morale problem. No Comment. 

</div></li><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2008/12/michael-page-profits-fall-off-cliff/" rel="bookmark" title="Permanent Link: Michael Page profits fall off cliff." >Michael Page profits fall off cliff.</a></span></li><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2010/04/management-consultancy-finally-exits-massive-slump/" rel="bookmark" title="Permanent Link: Management Consultancy Finally Exits Massive Slump" >Management Consultancy Finally Exits Massive Slump</a></span></li></ul></div><a class="a2a_dd addtoany_share_save" href="http://www.addtoany.com/share_save?linkurl=http%3A%2F%2Fwww.consultr.co.uk%2F2010%2F05%2Fconsultants-spank-big-four%2F&amp;linkname=Consultants%20Spank%20Big%20Four"><img src="http://www.consultr.co.uk/wp-content/plugins/add-to-any/share_save_171_16.png" width="171" height="16" alt="Share/Bookmark"/></a>]]></content:encoded>
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		<title>Consultant Speak: Quick Reference Guide</title>
		<link>http://www.consultr.co.uk/2010/04/consultant-speak-quick-reference-guide/</link>
		<comments>http://www.consultr.co.uk/2010/04/consultant-speak-quick-reference-guide/#comments</comments>
		<pubDate>Tue, 27 Apr 2010 09:29:10 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.consultr.co.uk/?p=300</guid>
		<description><![CDATA[Ever get the impression they don't know what you're on about...]]></description>
			<content:encoded><![CDATA[<p><a rel="attachment wp-att-299" href="http://www.consultr.co.uk/2010/04/consultant-speak-quick-reference-guide/consultant-translation-guide-ashx/"><img class="alignnone size-medium wp-image-299" title="Consultant translation guide.ashx" src="http://www.consultr.co.uk/wp-content/uploads/2010/04/Consultant-translation-guide.ashx_-e1272360449335-261x300.jpg" alt="" width="261" height="300" /></a></p>
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Top Ten Things You'll Never Hear from your Consultant


	
 You're right; we're billing way t...</div></li><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2009/01/professional-humor-2/" rel="bookmark" title="Permanent Link: Professional Humor" >Professional Humor</a></span><div class="aizattos_related_posts_excerpt">

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		<title>Management Consultancy Finally Exits Massive Slump</title>
		<link>http://www.consultr.co.uk/2010/04/management-consultancy-finally-exits-massive-slump/</link>
		<comments>http://www.consultr.co.uk/2010/04/management-consultancy-finally-exits-massive-slump/#comments</comments>
		<pubDate>Tue, 13 Apr 2010 13:11:43 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
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		<guid isPermaLink="false">http://www.consultr.co.uk/?p=296</guid>
		<description><![CDATA[With financial services in the doldrums last year, management consultancies had a miserable time...]]></description>
			<content:encoded><![CDATA[<p>But things are looking better once again. Work is already showing signs of picking up in the UK after a brutal 2009.</p>
<p>Financial services, normally a big earner for the industry, saw demand fall by 12 per cent during 2009. That was twice the slump in demand compared to 2008, and double the 6 per cent overall decline in consulting revenues according to a report by the Management  Consultancies Association (MCA).</p>
<p>The MCA said anecdotal evidence suggested that the recovery began to bite last autumn, and the top end of the market &#8211; financial services companies &#8211; are back with decent sized projects.</p>
<p>MCA president Pat Newberry, a partner at accountancy firm PricewaterhouseCoopers, told <em>CityAM</em>: “Recessions accelerate change and stimulate higher levels of performance. If Britain has got through this period with lower unemployment than many feared, to a significant extent this was due to the efforts of thousands of management consultants who enabled their clients to cut costs, save jobs and weather the storm.”</p>
<p>Lets see how the ones looking at the public sector get on this year&#8230;</p>
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		<title>Don&#8217;t Be A Grin F**ker</title>
		<link>http://www.consultr.co.uk/2010/03/dont-be-a-grin-fker/</link>
		<comments>http://www.consultr.co.uk/2010/03/dont-be-a-grin-fker/#comments</comments>
		<pubDate>Tue, 30 Mar 2010 10:46:55 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.consultr.co.uk/?p=291</guid>
		<description><![CDATA[In business when someone smiles and shakes your hand assuring you that they have heard and will act upon your recommendation or concerns when in truth you have already been ignored and dismissed.]]></description>
			<content:encoded><![CDATA[<p><em>This post was <a href="http://www.bothsidesofthetable.com/2010/03/28/dont-be-a-grin-fucker/">originally published</a> on Mark&#8217;s blog, <a href="http://www.bothsidesofthetable.com/">Both Sides of the Table</a>. It is republished here with permission</em></p>
<div id="TixyyLink">
<p>The title IS the post.  Don’t be a grin fucker.  I was looking up the  <a href="http://www.urbandictionary.com/define.php?term=Grin-fucked" target="_blank">urban dictionary definition</a> this morning to link to it in order to better explain the phrase to you and the definition was so precious and spot on that I had to just copy it here:</p>
<blockquote><p>“In business when someone smiles and shakes your hand assuring you that they have heard and will act upon your recommendation or concerns when in truth you have already been ignored and dismissed.</p>
<p>Manager Bob: “Our associates will not respond positively to further  cuts in their benefits. I strongly recommend against it.”</p>
<p>Executive Dick: (Smiling, shaking Bob’s hand and massaging his shoulder)”Thanks Bob, we’ll take that under advisement. You know our employees are our most important asset.”</p>
<p>Dick then processes Bob’s pink slip and cuts non-management benefits  by 30%.”</p></blockquote>
<p>That’s the classic definition of Grin Fucking.</p>
<p>Years ago I was working in England and I worked for a very big company – Accenture.  I grew up in the US but lived in England for so long I can never remember from which country my slang comes.  Is this phrase a US or a UK phrase?  Anyway, I spent the first part of my career consulting for large companies.  I did 5 years of building large computer systems and computer networks for global corporations and 3+ years as a “strategy consultant.”  In many of the meetings you’d meet clients who would tell you everything you needed to know, would offer to help you and then would never follow up on the help that they had offered.  I realized over time that the offer was inauthentic in the first place.  They wanted to be able to say to their senior person (who had hired Accenture in the first place) that they had been good corporate citizens but they had no real intention of actually helping me with me work.  I realized over time that I was being grin fucked.</p>
<p>But then I started to see it happening internally.  Accenture always had a chip on it’s shoulder in strategy consulting – especially compared with McKinsey, BCG and Bain.  McKinsey had their “<a href="http://www.mindtools.com/pages/article/newSTR_91.htm" target="_blank">7S framework</a>” and BCG had the “<a href="http://www.netmba.com/strategy/matrix/bcg/" target="_blank">BCG  Matrix</a>” with cash cows, dogs, stars and question marks.  And of  course there was the Michael Porter’s “<a href="http://www.quickmba.com/strategy/porter.shtml" target="_blank">5  Forces</a>.”  Frankly, I kind of found all of this stuff to be bullshit (bull shiitake?) anyways.  I mean Porter’s Five forces is a useful framework but it’s basically microeconomics with a pretty wrapper.  And having frameworks is a useful way to standardize your customer studies so that highly intelligent, inexperienced young people can crank out PowerPoint slides with such authority and beautiful consistency.  But tell me how practical is the 7s’s, really?</p>
<p>Anyway, it was chip-on-the-shoulder inducing for many at Accenture.  So we (and by we I mean “they”) at Accenture decided to come up with our own bull shit.  So we launched a global initiative to come up with our own unique strategy based on our years of strategy experience in advising (but never running) companies.  We called it “integrated strategy.”  I actually think from a marketing perspective it could have been brilliant.  The idea was that in the late 90’s you couldn’t separate out your business strategy from your IT skills and assets.  They were entwined.  We were Accenture (then Andersen Consulting) and our core skills were in building large-scale IT systems.  We were leaders in that area so it played to our strengths.</p>
<p>But we couldn’t leave it as just a market positioning experience.  People started to believe that there was real intellectual insight into the bullshit PowerPoint slides and customer surveys they were spitting out.  By “people” I mean the people who were on the project.  By “people” I do not mean the rest of us.  Most people I knew were walking the halls talking cynically (it was London, after all!) about “integrated strategy” but then we’d go to company meetings and no one would say what they really thought it public.  In small meetings they’d tell the senior management that they were happy Accenture was finally creating some original thought and that they supported it.  Then those same people would come out for beers that night and declare that the people creating integrated strategy were “<a href="http://en.wikipedia.org/wiki/Wanker" target="_blank">wankers</a>.”</p>
<p>I was nearing the end of my tenure at Accenture so my cheekiness and irreverence were on the rise.  At a strategy offsite with several hundred strategy employees I was giving a presentation on stage and I asked, out loud, “why do we keep grin fucking each other (you could actually say that out loud in England) on the topic of Integrated Strategy?  Privately you all acknowledge that nobody believes in it yet we’re letting our leadership continue to invest our money and reputation on something we know is going to fail because it has no real basis.  I sure wish more people would speak up.”  Obviously I got many laughs and applause.  I guess not the most politic thing I’ve ever done, but you can ask anybody who was in the strategy practice of Accenture in London in 1999 and they’ll confirm I really did this.</p>
<p>Don’t be a grin fucker.  Stop the corporate bullshit when it hits your desk.  You don’t have to do it as publicly  and vocally as I did – in fact I don’t recommend it.  But please be willing to politely and respectfully stand your ground when an internal initiative is off base or you don’t agree with it.  I’ve stated previously that I believe that <a href="http://www.bothsidesofthetable.com/2010/03/13/public-and-open-debate-is-the-highest-form-of-democracy-and-blogging/" target="_blank">respectful open debate is the highest form of  democracy.</a> It also makes good business sense.  Stand for high quality.  Stand for holding people accountable when they’re proposing something you believe could damage the company’s reputation or waste time and resources.  Make your arguments fact based.</p>
<p>When people come to present their businesses to me I try my best not to grin fuck them.  I give direct, honest, blunt, polite and (I hope) useful feedback.  It isn’t always “rah rah.”   Last week I met with a founder who had sunk his personal money into buying a technology asset and hadn’t yet raised money – he was struggling a bit.  He told me that he had offers to sell the assets to somebody else.  I told him I thought he should sell the company rather than sink more money into his venture.  I told him to sell now even it it was at a loss.</p>
<p>I told him I thought it was too complicated of a business, he lacked the skills on his team to pull it off, it would take too much money and in the end I wasn’t sure it would be a valuable product.  I said as I always do, “my view point is ONE data point.  I might be wrong.  Get lots of data points.  Mix mine into your pot and see how it settles.  I’m not always right but I’d rather tell you what concerns me than to sweep it under the rug.”  In this gentleman’s case I was worried about his personal money because he wasn’t a 20 something.  He had a family.  And he was one of those guys that you meet and you just want to help because he’s so earnest and nice.</p>
<p>He wrote me afterward and here is our exchange:</p>
<blockquote><p>Him:  ”Mark, cold shower and all, how did I take the heat? Did I take the tough message at least reasonably well? Always looking how I can get better.</p>
<p>Also – new terminology for delivering that type of news: “You Simonized me (as in Simon Cowell from American Idol)!! I grew up and played sports all my life. I come from a world that if the coach wasn’t yelling at you, it meant he didn’t care. I appreciate you giving it to me straight.”</p>
<p>Me: “LOL. I didn’t mean to Simonize you. I care about you and just wanted to be sure that you didn’t waste any personal money. All startups are hard. Most lose money. Yours had more complexity and less engineering talent secured on the team than most. That’s all.”</p>
<p>Him: “I understand and that is the way I took the feedback. Like I said, pleasantries do not help people learn. You helped me and I am grateful. I thank you for that”</p></blockquote>
<p>To this gentleman I’m grateful for the feedback and I’m here to help if I can.  Maybe people humor me, I don’t know?  But I find that 70% of the time people prefer honesty as long as it’s delivered with care, with detail and with humility.  I get emails like the one above all the time.  People often tell me that I helped change their business by challenging some of their early thoughts.  It’s one of the most rewarding parts of my job.  I’m sure that 30% of the people thinking I’m a wanker for not saying I love what they’re doing.  I’m OK with that.  As long as I help other people by not grin fucking everybody.</p>
<p>I found that most VC’s never gave me any feedback when I was pitching.  The “loved what I was doing but were working on other things and would love to stay apprised of my progress.” Either that or they would “noodle on it and get back to me.”  Yeah, right!</p>
<p>Take the harder path.  Politely speak your mind.  Take a stand.  Join the debate.  Don’t be a grin fucker.  It makes life too boring.</p>
<div id="TixyyLink">Read more: <a href="http://www.businessinsider.com/dont-be-a-grin-fker-2010-3#ixzz0jefgUXQ5">http://www.businessinsider.com/dont-be-a-grin-fker-2010-3#ixzz0jefgUXQ5</a></div>
</div>
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		<title>Top Business Schools</title>
		<link>http://www.consultr.co.uk/2010/03/top-business-schools/</link>
		<comments>http://www.consultr.co.uk/2010/03/top-business-schools/#comments</comments>
		<pubDate>Tue, 30 Mar 2010 10:34:56 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.consultr.co.uk/?p=287</guid>
		<description><![CDATA[Here are the top 12 (we went 12 instead of 10 to make sure more than a measly 1 UK school made it in):]]></description>
			<content:encoded><![CDATA[<p>According to <a href="http://www.businessinsider.com/the-worlds-best-business-schools-2010-3" target="_blank">The Business Insider</a> rankings.</p>
<p>Here are the top 12 (we went 12 instead of 10 to make sure more than a measly 1 UK school made it in):</p>
<p>1.    Harvard Business School<br />
2.    Stanford Graduate School of Business<br />
3.    University of Pennsylvania (Wharton)<br />
4.    Massachusetts Institute of Technology (Sloan)<br />
5.    University of Chicago (Booth)<br />
6.    Columbia Business School<br />
7.    Northwestern University (Kellogg)<br />
8.    INSEAD (Institut Européen d&#8217;Administration des Affaires)<br />
9.    Dartmouth College (Tuck)<br />
10.    London School of Economics<br />
11.    London Business School<br />
12.    Yale School of Management</p>
<p>For the full results click <a href="http://www.businessinsider.com/the-worlds-best-business-schools-2010-3" target="_blank">here</a>.</p>
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		<title>HMRC awards Accenture £10m IT skills contract</title>
		<link>http://www.consultr.co.uk/2010/03/hmrc-awards-accenture-10m-it-skills-contract/</link>
		<comments>http://www.consultr.co.uk/2010/03/hmrc-awards-accenture-10m-it-skills-contract/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 10:17:17 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.consultr.co.uk/?p=280</guid>
		<description><![CDATA[Just what the doctor ordered...]]></description>
			<content:encoded><![CDATA[<p>Under the contract, Accenture will support the transformation of HMRC’s in-house IT development team, known as IMS Solutions Development and Delivery (SDD), into a highly effective IT development and delivery organization and help improve the quality, availability and delivery of SDD-developed applications and services.</p>
<p>Accenture will provide the resources required to meet capacity and skill challenges to enable SDD to meet its strategic aims, customer requirements and expectations. Accenture will develop IT applications that address HMRC’s business needs. Accenture will also train HMRC staff and help them simplify IT processes with the aim of increasing productivity.</p>
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Outokumpu, an international stainless steel company, has awarded Accenture a five-year applicati...</div></li><li><span class="aizattos_related_posts_title"><a href="http://www.consultr.co.uk/2009/03/big-deal-accenture-e100-mn-and-cgi-187-mn/" rel="bookmark" title="Permanent Link: Big Deal: Accenture €100 Mn and CGI $182 Mn" >Big Deal: Accenture €100 Mn and CGI $182 Mn</a></span><div class="aizattos_related_posts_excerpt"> 

Accenture wins global contract from Banco Santander

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		<title>McKinsey Management Consultant Busted for Funneling Cash to Iran</title>
		<link>http://www.consultr.co.uk/2010/03/mckinsey-management-consultant-busted-for-funneling-cash-to-iran/</link>
		<comments>http://www.consultr.co.uk/2010/03/mckinsey-management-consultant-busted-for-funneling-cash-to-iran/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 10:07:41 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.consultr.co.uk/?p=276</guid>
		<description><![CDATA[Federal authorities in New York arrested a Manhattan McKinsey &#038; Co. consultant in January for allegedly helping send millions of dollars in cash to Iran for personal clients unrelated to the firm.]]></description>
			<content:encoded><![CDATA[<p><em> </em></p>
<p><em><strong>Update:</strong> McKinsey tells us Banki is no longer with the consulting group. &#8220;Mr. Banki is no longer with our firm. As this is an investigation into his personal activities, it is inappropriate for us to discuss this matter further.&#8221;</em></p>
<p>&#8211;</p>
<p>Federal authorities in New York arrested a Manhattan McKinsey &amp; Co. consultant in January for allegedly helping send millions of dollars in cash to Iran for personal clients unrelated to the firm.</p>
<p>Reza Banki, 33, is said to have violated the trade embargo by operating an unlicensed money transfer business between the U.S. and Iran from at least January 2006 to September 2009.</p>
<p>Banki allegedly ran a &#8220;hawala&#8221; &#8212; an informal value transfer system &#8212; receiving $4.7 million in wire transfers from companies and individuals from Saudi Arabia, Kuwait, Latvia, Slovenia, Russia, Sweden, the Philippines, and the U.S.</p>
<p>The money would allegedly go to Banki&#8217;s personal Bank of America account, after which an Iranian conspirator &#8212; without an actual transfer &#8212; would disperse the same amount in Iran, minus a handling fee. The scheme was essentially a way for people and companies to get money to Iran illegally.</p>
<p>According to the indictment, Banki allegedly used the funds to purchase a $2.4 million condo in Manhattan; &#8220;to invest in securities for his own benefit and that of the co-conspirator;&#8221; and to make payments on his credit card accounts, including approximately $55,000 in one month alone in the summer of 2007.</p>
<p>According to his <a href="http://www.linkedin.com/pub/reza-banki/9/3a0/501">LinkedIn profile</a>, Banki was a Senior Associate at McKinsey since February 2007, where he &#8220;Managed individual project work streams and deliverables,&#8221; was &#8220;Primarily focused on the pharmaceutical and medical products industries,&#8221; &#8220;Led efforts in private equity, due diligence, strategy, marketing, emerging markets, R&amp;D, and corporate finance areas,&#8221; and &#8220;Prepared client proposals and contributed to McKinsey’s biosimilars knowledge development.&#8221;</p>
<p>Banki also has a PhD in Chemical Engineering and Biotechnology<abbr> from Princeton, according to LinkedIn.</abbr></p>
<div id="TixyyLink">
Read more: <a href="http://www.businessinsider.com/mckinsey-management-consultant-busted-for-funneling-cash-to-iran-2010-1#ixzz0jBImuraE">http://www.businessinsider.com/mckinsey-management-consultant-busted-for-funneling-cash-to-iran-2010-1#ixzz0jBImuraE</a></div>
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		<title>Capgemini names ethics officer</title>
		<link>http://www.consultr.co.uk/2009/12/capgemini-names-ethics-officer/</link>
		<comments>http://www.consultr.co.uk/2009/12/capgemini-names-ethics-officer/#comments</comments>
		<pubDate>Thu, 10 Dec 2009 11:09:56 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.consultr.co.uk/?p=258</guid>
		<description><![CDATA[<p> Capgemini Group has appointed Hervé Canneva as Chief Ethics &#38; Compliance Officer. Canneva will coordinate and lead the implementation, development and promotion of Capgemini’s Ethics &#38; Compliance program. He will particularly take responsibility for formalizing what has been the Group’s ethical approach for the last 40 years. Hervé Canneva is also a member of the Group Management Board.</p>
<p>Canneva, a graduate of the ESSEC business school and a Chartered Accountant, joined the Capgemini Group in 1987. From 1984 to 1988, ...]]></description>
			<content:encoded><![CDATA[<p><img class="alignright" style="float: right;" src="http://kinialohaguy.files.wordpress.com/2009/08/ferengi-ethics.jpg" alt="" width="418" height="334" /> Capgemini Group has appointed Hervé Canneva as Chief Ethics &amp; Compliance Officer. Canneva will coordinate and lead the implementation, development and promotion of Capgemini’s Ethics &amp; Compliance program. He will particularly take responsibility for formalizing what has been the Group’s ethical approach for the last 40 years. Hervé Canneva is also a member of the Group Management Board.</p>
<p>Canneva, a graduate of the ESSEC business school and a Chartered Accountant, joined the Capgemini Group in 1987. From 1984 to 1988, he was chief financial officer of SESA, a company specializing in Technology Services which was acquired by Capgemini in 1987. He was Director of Mergers &amp; Acquisitions at Capgemini from 1989 to 2005. In addition, he was responsible for Risk Management from 2000 to 2005. Since 2005, he has served as General Secretary of Sogeti, a wholly-owned subsidiary of the Capgemini Group.</p>
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		<title>McKinsey jettisons troubled star Kumar</title>
		<link>http://www.consultr.co.uk/2009/12/mckinsey-jettisons-troubled-star-kumar/</link>
		<comments>http://www.consultr.co.uk/2009/12/mckinsey-jettisons-troubled-star-kumar/#comments</comments>
		<pubDate>Mon, 07 Dec 2009 16:38:04 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.consultr.co.uk/?p=256</guid>
		<description><![CDATA[<p> McKinsey, the top management consultant, has parted company with Anil Kumar, its former star partner who is facing criminal charges over the alleged $20m (£12m) Galleon insider trading scandal.</p>
<p>In October, Kumar, one of McKinsey’s most senior employees, was charged with securities fraud and conspiracy. According to the American authorities, Kumar, 51, passed secret information about the reorganisation plans of computer-chip maker AMD, one of his clients, to Raj Rajaratnam, the billionaire founder of hedge fund Galleon Group.</p>
<p>Rajaratnam, Kumar and ...]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft" style="float: left;" src="http://cache.daylife.com/imageserve/0bI13TEdPmghk/610x.jpg" alt="" width="255" height="309" /> McKinsey, the top management consultant, has parted company with Anil Kumar, its former star partner who is facing criminal charges over the alleged $20m (£12m) Galleon insider trading scandal.</p>
<p>In October, Kumar, one of McKinsey’s most senior employees, was charged with securities fraud and conspiracy. According to the American authorities, Kumar, 51, passed secret information about the reorganisation plans of computer-chip maker AMD, one of his clients, to Raj Rajaratnam, the billionaire founder of hedge fund Galleon Group.</p>
<p>Rajaratnam, Kumar and four others, including former Bear Stearns directors, are charged with conspiring to use insider information to trade securities in several publicly quoted companies, including Google. They deny wrongdoing. Kumar had been suspended indefinitely by McKinsey.</p>
<p><a href="http://business.timesonline.co.uk/tol/business/industry_sectors/support_services/article6945946.ece" target="_blank"><strong>Read the full Article &gt;</strong> </a></p>
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