| Topic Name: |
Bain v. BCG |
| Message Name: |
Don't take my word for it |
| Date Posted: |
12/29/2005 |
| In Reply To: |
What BS. Bill Bain almost bankrupted his firm when he tried to cash in - not a guy to be admired, and not necessarily that big of a loss for BCG.
I don't give a hoot because I don't work for either - I work for a competitor - but this myth that Bain is somehow more results oriented and that there is a fundamental defect at BCG is pure rot. |
| Message: |
Here's what the Economist said on the topic, Oct 20, 2005:
Led by Bill Bain, the group [of BCG defectors] wanted to set up a strategy-consulting firm that would not just give its clients a thick report on what they needed to do and then depart. They wanted to be involved in implementing their own recommendations, and to be judged by the results. This idea was revolutionary at the time, and it remains a core principle of the business today. ??Bainies??, as the firm's employees are known, are rewarded partly in line with the performance of the firms that they work for, and they have done well out of it. In Bain's corporate brochure is an audited chart showing the striking extent to which its clients' shares have outperformed the S&P 500 index in the past few years.
http://www.economist.com/displaystory.cfm?story_id=5053524
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