A retiring consultant’s advice on consultants / The Economist

Dear robin, I was delighted when you commissioned me to prepare this report for you after our discussion at the club. As a newly appointed chief executive at a Fortune 500 company, a thrilling yet perilous adventure awaits you. I commend your wisdom in choosing to hire a management consultant to guide you on your way.

I, naturally, would have been ideally positioned, given my many years of experience serving your company’s principal rival. Alas, the time comes in every man’s life when he must hang up his hat and retire to his home in the Bahamas. As my swan song, I have thrown together, as requested, a few thoughts on how to handle my kind. I hope you find the attached 120-page PowerPoint presentation useful. Below you will find a brief summary.

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Bernard Madoff / The Ponzi scheme fraud scandal

Bernard Lawrence “Bernie” Madoff was an American financier who executed the largest Ponzi scheme in history, defrauding 4’800 known investors of $64.8 billions (due to clients at the date of his arrest, from $19 billions clients’ deposits) between 1990 (maybe before) and his arrest on the 11th december 2008.


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