| Topic Name: |
Mitchell Madison |
| Message Name: |
the truth part I |
| Date Posted: |
03/26/2001 |
| In Reply To: |
I'm new to job hunting in consulting...what happened to Mitchell Madison? Where are they? |
| Message: |
Where hunters thrive, teamwork and collaboration are always a poor
substitute for opportunism and a flexible compensation system. Or so
might read the epitaph of the Mitchell Madison Group, the meteoric
but short-lived consultancy founded in 1994 by a renegade clan of
former McKinsey consultants. The upstart strategy firm would be sold
five years later to Web services kingpin USWeb/CKS as part of an all-
stock deal, valued at the time at more than $300 million.
"I think it's hard to ask people to work for years and not harvest
[the rewards] if there's a ready opportunity - now, the subsequent
decline in the market is another story - but the USWeb transaction
stands by itself as far as that point in time goes, " says Steiner,
who takes credit for spearheading not one, but two consultancy
insurrections before helping establish MMG, where he served as
managing partner.
Acquired by USWeb/CKS in September 1999, the gooey residue of
Mitchell Madison's past had little time to dry before the firm became
a lesser appendage of the much larger anatomy created by the merger
of USWeb/CKS and Chicago-based consultancy Whittman- Hart - the
combined firm later dubbed marchFIRST.
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