Duff McDonald


Born
Toronto, Canada
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Duff McDonald is a journalist and the author of Last Man Standing, a biography of JPMorgan Chase CEO and chairman, Jamie Dimon. A contributing editor at Fortune magazine and the New York Observer, he has written for Vanity Fair, New York magazine, Esquire, GQ, Wired, and Time, and has been awarded two Canadian National Magazine Awards. He lives in New York.

Average rating: 3.79 · 2,754 ratings · 224 reviews · 4 distinct worksSimilar authors
The Firm: The Story of McKi...

3.75 avg rating — 1,949 ratings — published 2013 — 20 editions
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Last Man Standing: The Asce...

4.09 avg rating — 593 ratings — published 2009 — 7 editions
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The Golden Passport: Harvar...

3.30 avg rating — 210 ratings — published 2017 — 8 editions
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The CEO: An Interactive Book

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3.44 avg rating — 9 ratings — published 2005 — 6 editions
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“Enron followed the unwise practice of paying bonuses based on forecasted profits, not actual cash flows, a system that posed a problem remarkably similar to the R&D issues Gluck and his colleagues had solved at Northern Electric years earlier. In short: You can forecast anything. Delivering actual results is a different story. The emphasis on forecasts also neutralized Enron’s so-called risk-management group, which became a shrinking violet in the face of ever more outrageous estimates.”
Duff McDonald, The Firm

“What have they fixed?” asked former McKinsey consultant Michael Lanning. “What have they changed? Did they take any voice in the way banking has evolved in the past thirty years? They did study after study at GM, and that place needed the most radical kind of change you can imagine. The place was dead, and it was just going to take a long time for the body to die unless they changed how they operated. McKinsey was in there with huge teams, charging huge fees, for several decades. And look where GM came out.”13 In the end, all the GM work did was provide a revenue stream to enrich a group of McKinsey partners, especially those working with the automaker. The last time McKinsey was influential at Apple Computer was when John Sculley was there, and that’s because he’d had a brand-marketing heritage from Pepsi. And Sculley was a disaster. Did McKinsey do anything to help the great companies of today become what they are? Amazon, Microsoft, Google? In short, no.”
Duff McDonald, The Firm - The Inside Story of McKinsey, The World's Most Controversial Management Consultancy

“A transformational relationship is where we transform their money into our money.”
Duff McDonald, The Firm - The Inside Story of McKinsey, The World's Most Controversial Management Consultancy



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