Trump campaign nearly went broke, insiders say

Anand Giridharadas lambasts corporate board members

anand giridharadas

Virginia Heffernan (L) and Anand Giridharadas speak onstage at WIRED25 Festival: WIRED Celebrates 25th Anniversary – Day 2 on October 14, 2018 in San Francisco, California.

Matt Winkelmeyer/Getty Images

From Kate Taylor:

When Anand Giridharadas was invited to speak at the National Association of Corporate Directors’ annual summit, the writer — known for his sharp critiques of billionaires and the global elite — did not hold back.

“A lot of your children and grandchildren do not respect your work,” Giridharadas said on Monday to more than 3,000 directors watching the summit virtually, according to audio obtained by Business Insider.

Giridharadas slammed directors for their lack of action, portraying businesses as making empty promises while simultaneously dodging responsibility.

“This being a group of corporate directors, I ask again, where were you?” Giridharadas said in his remarks. “Where were you in the run-up to the climate crisis? Where were you during widening inequality over the last four decades? Where were you in the run-up to the subprime crisis? Where were you in the run up to the opioid crisis? Where were you?”

The aggressive remarks shocked many of the hundreds of people virtually attending the summit, which is billed as the “the largest and most influential director forum in the world.”

Read the story in full here:

future of management consulting pandemic 2x1

Samantha Lee/Business Insider

From Samantha Stokes:

For decades, prestigious management-consulting firms like McKinsey, Bain, and BCG — collectively known as the Big 3 — have been an important part of the business world by advising clients and offering strategies for growth. 

But the $200 billion consulting industry is facing a new threat: technology. 

When it comes to information, expertise, insight and execution, technology is threatening to disrupt consulting firms’ ability to offer services to clients at a high price tag.

Read the full story here:

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Business Insider’s Joe Ciolli will speak with Thomas Lee, managing partner and head of research for Fundstrat Global Advisors; Nancy Davis, founder and managing partner of Quadratic Capital Management; and James McDonald, CEO and chief investment officer of Hercules Investments. 

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— Matt

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