Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

This is a significant hit for a private company. If McK has 2,000 partners, that’s almost $300k per partner. (Yes - they are very well compensated, and this is probably just a fraction of their pension plan)


It's peanuts. This likely will be covered by some form of insurance, and very little will change.


Well, considering the damage they caused this is nothing. They advised on /got and got paid for how to "turbocharge" opioid sales and that tuned out to be an illegal and immoral thing.


I'd be keen to see the specifics wrt advice given on how to "turbocharge" said sales. Reuters article doesn't give any examples/detail.


Articles like https://www.nytimes.com/2020/11/27/business/mckinsey-purdue-... have some details.

A quote from that shows some details :-

" In a 2017 presentation, according to the records, which were filed in court on behalf of multiple state attorneys general, McKinsey laid out several options to shore up sales. One was to give Purdue’s distributors a rebate for every OxyContin overdose attributable to pills they sold.

The presentation estimated how many customers of companies including CVS and Anthem might overdose. It projected that in 2019, for example, 2,484 CVS customers would either have an overdose or develop an opioid use disorder. A rebate of $14,810 per “event” meant that Purdue would pay CVS $36.8 million that year. "


So, they recommended paying distributors to kill people.

Because, in addition to the profit distributors would make by merely being in business, they would make even more money for each related death.


Many thanks; an informative read. FWIW I've just come across a related piece in Jacobin from December 2020:

https://jacobinmag.com/2020/12/mckinsey-consulting-firm-opio...


I mean that logic is just sick and heartless.


Many details have been published in the media. For instance: "Documents filed in U.S. courts last year outlined how McKinsey discussed ways for Purdue to “turbocharge” sales of its drug OxyContin, including paying Purdue’s distributors a rebate for every OxyContin overdose attributable to pills they sold."

source: https://www.theglobeandmail.com/politics/article-mckinsey-is...


an article I saw said they targeted outreach at doctors who were more likely to write Rxs

edit: beaten w/ the article




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: