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Gamma, Missouri, Birthplace of James O.
McKinsey, who graduated from UCM
(Warrensburg State Normal College) Missouri |
In 1913 "Mac" received a Bachelor of Pedagogy degree from State Normal No.2 College in Warrensburg (became known as Warrensburg Teachers College) and today is the University of
Central Missouri.
1912-13 College Catalog State Normal School WarrensburgHe received a law degree in 1914 from University of Arkansas, and studied and taught bookkeeping at St. Louis University. He also earned both a bachelor's and master's degree in commerce
from the University of Chicago, and passed the CPA examination in 1919. McKinsey is credited with the first textbook in management accounting Managerial Accounting,
published in 1924, and the book on business budgeting, Budgetary Control, published in 1922.
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James Oscar McKinsey graduated from UCM (State Normal College of
Warrensburg, MO) 1913. Mac was married to Alice Louise Anderson of
Sioux City, IA in 1920. They had twin sons Robert McKinsey and Richard
McKinsey born in 1930. ROBERT JAMES McKINSEY (Age 90) Died on Tuesday June 7, 2011, of Silver Spring, MD. Beloved husband of Jean D. McKinsey and twin brother of the
late Richard D. McKinsey. Also survived by niece, Patricia Crittenden
and numerous family members and dear friends.
Book Link
Marvin Bower, McKinsey & Co.
ROBERT JAMES McKINSEY (Age 90)
On
Tuesday June 7, 2011, of Silver Spring, MD. Beloved husband of Jean D.
McKinsey and twin brother of the late Richard D. McKinsey. Also survived
by niece, Patricia Crittenden and numerous family members and dear
friends. Retired attorney, private practice and Export-Import Bank of
U.S. His avid interests included tennis, racing sports cars, music,
studying and lecturing in economics and he was past President of the St.
Andrew's Society of Washington, DC. A private memorial service will be
held at a later date.
- See more at:
http://www.legacy.com/obituaries/washingtonpost/obituary.aspx?n=robert-james-mckinsey&pid=151996997#sthash.hz6nCDcS.dpuf
ROBERT JAMES McKINSEY (Age 90)
On
Tuesday June 7, 2011, of Silver Spring, MD. Beloved husband of Jean D.
McKinsey and twin brother of the late Richard D. McKinsey. Also survived
by niece, Patricia Crittenden and numerous family members and dear
friends. Retired attorney, private practice and Export-Import Bank of
U.S. His avid interests included tennis, racing sports cars, music,
studying and lecturing in economics and he was past President of the St.
Andrew's Society of Washington, DC. A private memorial service will be
held at a later date.
- See more at:
http://www.legacy.com/obituaries/washingtonpost/obituary.aspx?n=robert-james-mckinsey&pid=151996997#sthash.hz6nCDcS.dpuf
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ROBERT JAMES McKINSEY (Age 90)
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| James O., McKinsey graduated from UCM (State Normal College of Warrensburg, MO) 1912 |
Origins
The firm was founded in 1926 by James O. McKinsey. Born
in 1889 and raised in a three-room house near Gamma, MO., the
ambitious
McKinsey was a professor and consultant, and an early practitioner of
the principles of “scientific management,” or the detailed study of work
flow and the division of labor. The company not only survived the Depression,
it thrived, until the untimely death of McKinsey in 1937. His disciple
Marvin Bower took the firm to consulting glory over the next 30 years,
in part through an obsession with being “professional”—in appearance, tone, and conduct. Bower once forbade all junior consultants from wearing argyle socks because he thought they would distract clients. And the firm’s consultants were required to wear fedoras until President Kennedy stopped wearing them.
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Photo: On the left is James O. McKinsey, at right is Marvin Bower
(far left) with McKinsey partners in 1944. Images
courtesy of McKinsey
and Company. |
1926: McKinsey and Company (Business)
One can argue about the value of modern-day management consulting.
Some swear by the expertise consultants gather while unraveling the
ugliest problems for some of the largest
companies on the planet. Others
lump the profession’s practitioners in the company of thieves and
pirates.What is not debatable is that McKinsey sits at the top of the
consulting heap. Its run began in 1926 when a former professor of
accounting from the University of Chicago, James O. McKinsey (Mac to his
friends), founded his namesake firm to
provide finance and budgeting
services. In the 1920s consultants were largely efficiency experts,
parachuting in to help struggling companies as they went through a
massive industrial shift. Mac’s genius was in convincing even healthy
companies they could use his firm’s expertise to succeed.
New York Magazine Link
McKinsey & Co. are supposed to know it all. They’re business consultants who travel the world and charge corporations top dollar to help them run with state-of-the-art efficiency. McKinsey gets called in when things are good (time to expand!) or, like now, bad (to give bosses cover to make bloody-minded decisions). Known as “the Firm,” McKinsey has consultants in 90 offices in 50 countries. They hire the best-credentialed people, and they pay them well. By their own count, they serve 80 of the Fortune 100, though who, precisely, retains them, they try to keep confidential.
The Product
McKinsey is brought in to let companies in on the latest in global management fads
(a few years back, McKinsey reportedly evangelized about “the war for
talent,” which meant
“promote stars,” even if they don’t have experience), or to target workers for layoffs (e.g.,
“streamlining,” “downsizing”).
McKinsey consultants Tom Peters and
Robert Waterman pretty much invented the notion of “corporate culture”
in their book In Search of Excellence, which sold 6 million copies.
School Ties
McKinsey hired its first Harvard M.B.A. in 1953 and continues to
cherry-pick from the school’s Baker Scholars—the top 5 percent of the
graduating class. At one point, more than a third of the firm’s
consultants held a Harvard M.B.A.
CEO Training Camp
A 2008 study by USA Today calculated that the odds of a McKinsey employee’s becoming CEO at a public company were the best in the world, at 1 in 690.
Link to "The Firm" Inside story of McKinsey & Co.
1932 Bio - Chicago's Accomplishments and Leaders
JAMES O. McKINSEY
Mr. McKinsey, senior partner of James O. McKinsey and Company, accountants and engineers, was born in Gamma, Missouri, June 4, 1889, son of James Madison and Mary Elizabeth (Logan) McKinney. He graduated from the State Teachers College in Warrensburg, Missouri, in 1913; received his LL.B. (Bachelor of Laws) degree from the University of Arkansas in 1914, and his Ph.B. (Bachelor of Philosophy) degree in 1916, and his A.M. (Master of Arts) degree in 1919 at the University of Chicago. From 1913 to 1916 he was a high school teacher in St. Louis, Missouri, and since 1917 has been a member of the faculty of the University of Chicago, being professor of business administration since 1926. He lectured on accounting at Columbia University from 1920 to 1921. In 1919 he became a certified public accountant in Illinois, and from that year has been engaged in professional work. Since 1926 he has been senior partner of James O. McKinsey and Company. This company which maintains offices in Chicago and New York, specializes in financial and management surveys. Mr. McKinsey spends much of his time in serving in an advisory capacity to presidents of organizations. Mr. McKinsey is a director of Phoenix Hosiery Company, United States Radio and Television Corporation, Selected Shares Corporation, and other well known corporations. He served as private, later as lieutenant, in the Ordnance Department, United States Army, from 1917 to 1919. He is a member of the American Institute of Accountants, American Management Association, National Association of Cost Accountants, Illinois Society of Certified Public Accountants, and Delta Sigma Pi, Phi Kappa Sigma, and Delta Theta Phi fraternities. His clubs are Attic, Union League, Quadrangle, South Shore Country, and Olympia Fields Country in Chicago, and The Rookery in New York. He is author of the following: Bookkeeping and
Accounting, 1920; Budgetary Control, 1922; Managerial Accounting, 1924; Business Administration, 1925; and Accounting Principles, 1929; also several pamphlets published by American Management Association and other organizations. On June 12, 1920, Mr. McKinsey married Alice Louise Anderson of Sioux City, Iowa, and they have two children, Robert and Richard, who are twins.
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| James O. McKinsey gravesite. Thanks to Lawrence McCoy for taking this photograph. 2017. |
Sept. 2, 1942 Chicago Tribune
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From Harvard Business School Publication
1912 Main Building Warrensburg, MO These buildings and all records were destroyed
in the great campus fire of 1915.
bruceuhler@gmail.com UCM grad.
Thank you to Vivian Richardson, MA, from the McClure Archives and University Museum at UCM for looking into alumni records to discover Mr. McKinsey graduated in 1913 and not 1912 as widely reported.
Former and Present McKinsey Consultants / Partial List
Business
Vikram Akula– founder and former CEO of SKS Microfinance
Daniel Aldana - founder of the development consulting firm B.O.T. and the education portal www.iquali.co
Imran Amed - founder of Business of Fashion
Frank Appel – CEO of Deutsche Post DHL
Delphine Arnault – Executive Vice President of Louis Vuitton[7]
Carter F. Bales – co-founder, chairman and Managing Partner of NewWorld Capital Group
Adam Balon - co-founder of Innocent Drinks
Sir John Banham – former director-general of the Chicago Bridge & Iron Company and former chairman of Whitbread.
Bengt Baron[13] – gold medalist at the 1980 Summer Olympics, former CEO and president of Vin & Spirit
Oliver Bäte – CEO of Allianz
Wendy Becker – CEO of Jack Wills
Marla Malcolm Beck - CEO of BlueMercury
Wolfgang Bernhard – Daimler board member and executive
John Birt, Baron Birt– former director-general of the BBC (1992–2000) and special adviser to Tony Blair
Maximilian Bittner - founder of Lazada
Lord Norman Blackwell – chairman of Lloyds Banking Group; former adviser for Baroness Thatcher and John Major
Martin Blessing – CEO of Commerzbank
André Borschberg - founder of Solar Impulse
Marvin Bower – Managing Director of McKinsey & Company (1950–67)
Robert Brisco – CEO of Internet Brands.
Matt Brittin – Head of EMEA at Google
Francesco Caio – serial CEO and/or founder from Omnitel, Olivetti, Merloni, Netscalibur and Cable Wireless.
Greg Case – CEO of Aon plc.
Massimo Capuano – former CEO of Borsa Italiana.
Alexandra Cavoulacos - cofounder of TheMuse.com
Ronald Cohen – co-founder and former chairman of Apax Partners
Humphrey Cobbold – Former CEO cycling business Wiggle and current CEO of Pure Gym[
David Coleman – CEO of The College Board
Richard Currie – former President of Loblaw Companies[41]
Vittorio Colao – CEO of Vodafone.
Alison Davis – former CFO Barclays Global Investors
Ian Davis – former Managing Director of McKinsey & Company and current chairman for Rolls-Royce
Julian Day – former CEO of Kmart and RadioShack.
Ben Ederer - founder of Oxford Advisors. Financial advisor in strategic change of ownership transactions and complex corporate valuations.
Hanno Fichtner - founder of the HitFox Group
Dido Harding – CEO of TalkTalk and Member of the House of Lords
Henrique De Castro – former Google executive and former chief operating officer of Yahoo!.
Etienne de Villiers – former Executive Chairman and President of the ATP Tour, former President of Walt Disney, and former chairman of BBC Worldwide.
Stephen DeFalco – former President and CEO of MDS Inc. and current CEO of Crane & Co..
Rohini Dey - founder of Vermilion Restaurants
Colin Dyer – CEO of Jones Lang LaSalle.
John Elliott – Australian businessman.
Erik Engstrom[59] – CEO of Reed Elsevier.
Carolyn Fairbairn – former BBC and ITV executive
George l. (Chuck) Farr (deceased) – former Vice Chairman of American Express Company.
Diana Farrell – CEO of JPMorgan Chase Institute
Bernard T. Ferrari – Dean of Johns Hopkins University Carey Business School.
JJ Fliegelman - cofounder of WayUp (formerly Campus Job)
Tom Flocco – former President and CEO of Jim Beam brands.
Russell P. Fradin – former chairman and CEO of Hewitt Associates. Current President, Chief Executive Officer & Director, SunGard Data Systems Inc.
William Foote[68] – former CEO of USG Corporation
Richard N. Foster[70] – managing partner of Investment and Advisory Services LLC.
Jane Fraser – CEO for Latina America at Citigroup
Lee French – President and COO of Kaplan, Inc.
Tom Gentile – President and CEO of GE Consumer Finance
Jeff George – CEO of Sandoz International GmbH.
Mike George – president and CEO of QVC Inc.
Margo Georgiadis – President of Americas at Google
Louis V. Gerstner, Jr. – former chairman and CEO of IBM and former chairman of The Carlyle Group.
Caroline Ghosn - cofounder and CEO of Levo League
George N. Gillett, Jr. – Founder of Gillete Holdings. Former owner of the Montreal Canadiens and England's Liverpool Football Club.
Ashish Goel - former Twitter executive, former Stanford professor and Infosys science advisor
Harvey Golub – former chairman and CEO of American Express and AIG.Former chairman at Campbell Soup Company and Readers Digest.
James P. Gorman – chairman and CEO of Morgan Stanley
Mario Greco – CEO of Zurich Insurance Group.
Stephen Green (banker) – chairman of HSBC.
Rajat Gupta – Managing Director of McKinsey & Company (1994–2003)
Bob Haas – chairman of Levi Strauss & Co.
John Hagel – author and consultant
Torstein Hagen - founder of Viking River Cruises
Steve Hasker – President of the Nielsen Company
Bruce Henderson (deceased) – former chairman and CEO of Imation
Ken Hicks – CEO of Foot Locker
Randall Hogan III – chairman and CEO of Pentair
Charlotte Hogg – COO of the Bank of England
Betsy Holden – former co-CEO of Kraft Foods; later joined McKinsey as a senior advisor.
Eric Janvier – Co-founder, Schlumberger Business Consulting
Hubert Joly – CEO of Best Buy and former CEO of hospitality companies
Aditya Julka - founder of Paddle8
Darko Drašković - CEO of Parfym Sverige AB, ecommerce firm behind www.parfym.se and www.hajuvesi.fi
Jon Katzenbach – Founder of Katzenbach Partners LLC.[105]
Andrew Thomas Kearney – Founder of management consulting firm A.T. Kearney.
Susanne Klatten – Germany's richest woman; heir to the BMW fortune.
Marius Kloppers – former CEO of BHP Billiton.
Jørgen Vig Knudstorp – CEO of LEGO Group
Marina Kolesnik - founder of Oktogo.ru
Anil Kumar – former Director at McKinsey & Company and co-founder of the Indian School of Business.
Adam Lewis - Founder of Cast Professional Services, co-founder of Aconex, and inventor
Peggy Liu - social entrepreneur
Helge Lund – CEO of BG Group and former CEO of StatoilHydro.
Aslaug Magnusdottir - founder of fashion company Tinker Tailor (brand)[118]
James Paul Manzi – chairman and CEO of Lotus Development Corporation.[119]
John C. Malone – former chairman of Liberty Media; CEO and Chairman of Discovery Holding Company.
Vincent A. Marin – CIO of Sidley Austin, LLP
Cyrus Massoumi - founder of ZocDoc
Melissa McCreery - cofounder of TheMuse.com
James McNerney – chairman and CEO of Boeing.
Kathryn Minshew - cofounder of TheMuse.com
Melissa Morris - founder of Network Locum
Ayr Muir - founder Clover Food Lab
Tomoko Namba - founder of mobile games developer DeNA
Ian Narev – CEO of Commonwealth Bank of Australia.
Claudia Nemat – former head of Europe of Telekom
Roberto Nicastro – head of retail at Unicredit Group
Ndidi Nwuneli - Nigerian social entrepreneur and founder of AACE Food Processing & Distribution
Ronald O'Hanley – CEO of State Street Global Advisors and former CEO of asset management at Mellon Financial Corporation
Kenichi Ohmae – corporate strategist
Azran Osman Rani – CEO of AirAsia X
Helmut Panke – former chairman and CEO of BMW AG
Corrado Passera – former Italian Minister of Development and Minister of Infrastructures and ex-CEO of Intesa Sanpaolo.
Roger Parry – former chairman and CEO of Clear Channel International. Current chairman of YouGov.
J. Michael Pearson – former CEO and chairman of Valeant Pharmaceuticals.
Sundar Pichai - CEO of Google
Alessandro Profumo – former CEO of UniCredit.
Phil Purcell – former chairman and CEO of Morgan Stanley.
Shveta Raina - founder of Talerang
Cyriac Roeding - ShopKick cofounder and CEO
Simon Rothman - founder of Glyde and eBay Motors
David Sacks - founder of Yammer
Sheryl Sandberg – COO of Facebook
Peter Sands – CEO of Standard Chartered Bank
Silvio Scaglia – founder of Fastweb, 13th richest man in Italy according to Forbes
Paolo Scaroni – CEO, Eni – ex-CEO, Enel
Jonathan I. Schwartz – former CEO of Sun Microsystems
Lara Setrakian - founder of Syria Deeply
Kevin W. Sharer – former chairman and CEO of Amgen Inc.
Daniel Shin - founder of Ticket Monster
Jeff Skilling – former CEO of Enron
Jonathan Spector – CEO of The Conference Board
Ken Stevens – former president of Taco Bell, former CEO of Philosophy and Express; former CFO of Limited Brands.
Gerald L. Storch – CEO of Hudson Bay and former chairman and CEO of Toys "R" Us
Kim Sturgess - founder of Alberta WaterSMART
Fred Swaniker - entrepreneur and co-founder of the African Leadership Academy
Naveen Tewari - founder of InMobi – CEO and co-founder of InMobi
Tidjane Thiam – Incoming CEO of Credit Suisse and former CEO of Prudential
Evan Thornley – co-founder of LookSmart and CEO of Better Place
Pamela Thomas-Graham -Chief talent, branding and communications officer at Credit Suisse. Formerly CEO of CNBC.
Peter Thum – founder, Ethos Water and social entrepreneur
Mark R. Weldon – current CEO of MediaWorks. Former CEO of NZX Ltd., which runs the New Zealand stock exchange.
Miles D. White – chairman and CEO of Abbott Laboratories
Michael Wolf – former president and COO of MTV Networks, COO of Activate
Sir Robert Worcester – founder of MORI
Peter Wuffli – former CEO of UBS AG
Klaus Zumwinkel – ex-chairman of Deutsche Post
Prashant Pathak – Managing Partner of ReichmannHauer Capital Partners
William Reeve - entrepreneur, investor and founder of Fletcher Research
Tad Smith – CEO of Sotheby's
Alison Watkins – CEO of Coca-Cola Amatil and former CEO of GrainCorp[188]
Skipp Williamson – Managing Director of Partners in Performance International
Edgar Perez – author of The Speed Traders and Knightmare on Wall Street
Carlos Watson - former anchor for MSNBC and founder of news site OZY[191]
Brett Wigdortz - founder of the charity Teach First
Antonio Zamora - Galland - Executive VP and CFO . Genomma Lab .
Yibing Wu – head of Temasek China
Government
Luis Fernando Andrade - President of Colombia's National Infrastructure Agency
R. Corey Booth – former Chief Information Officer of the SEC
Lael Brainard – Board of Governors, U.S. Federal Reserve System
Ryan Brumberg – former U.S. Congressional candidate
Sylvia Mathews Burwell – Current U.S. Secretary of Health and Human Services; former director of the United States Office of Management and Budget
Tom Cotton – U.S. Senator from Arkansas
Jim Coutts (deceased) – Canadian Prime Ministerial advisor (1963–66, 1975–81)
Dan Debicella - Connecticut State Senator (2006-2010) and Congressional Candidate
Isabel Dedring – Deputy Mayor for Transport, City of London
Božidar Đelić – Serbian Minister of Economy and Finance (2001–2003), vice-president of the Government of Serbia (2007–present)
Roger W. Ferguson, Jr. – current President and CEO of TIAA-CREF; former vice chairman of the Board of Governors of the Federal Reserve System (2001–2006).
William Hague – former foreign secretary of Britain and former leader of the Conservative party in the House of Commons.[211]
Reed Hundt – former chairman of the Federal Communications Commission (1993–1997)
Greg Hunt – Member of the Australian House of Representatives (2001–present)[213]
Radovan Jelašić – former governor of the National Bank of Serbia
Bobby Jindal – Governor of the State of Louisiana (2008–present); former member of the U.S. House of Representatives (2004–2008)
Nancy Killefer – Assistant Secretary for Management, CFO, and COO at the United States Department of the Treasury (1997–2000)
John D. Macomber– former President of the Export-Import Bank of the United States (1989–1992)
Jack Markell – Governor of Delaware
David McCormick – Business Executive, former U.S. Treasury Under Secretary for International Affairs
Karen Mills – former head of the Small Business Administration (SBA)
Toshimitsu Motegi – former minister for economy, trade and industry in Japan.
Arthur Mutambara – Zimbabwean politician; former head of the Movement for Democratic Change
Naheed Nenshi – Mayor of Calgary (2010–present)
Greg Orman – former U.S. Senate candidate from Kansas
Peter Orszag – economist, Barack Obama's OMB director designate, former CBO director, formerly of the Brookings Institution
Svein Harald Øygard – Current McKinsey consultant and former Norwegian Ministry of Finance, State Secretary (1990–1994)
Susan E. Rice – international diplomat; formerly for the National Security Council and currently for US President Barack Obama.
Jayant Sinha – former finance minister for India and former Managing Director at Omidyar Network.
John Stoner – former Senior Military Advisor to Vice President Al Gore (1996–1998)
Katrin Suder – Secretary of State, Ministry of Defense, Germany
Van Taylor – former U.S. Congressional candidate and current Texas state senator.
Pieter Winsemius – former Dutch Minister of Housing, Spatial Planning and the Environment (1982–1986, 2006–2007)
Lazar Krstić – former Serbian Minister of Finance (2013–2014) and current McKinsey consultant
Eric Wiebes – State Secretary of Ministry of Finance in the Netherlands
Einat Wilf - former Israeli Knesset member
Other
Paul Antony – chief medical officer of the Pharmaceutical Research and Manufacturers of America
Martin Neil Baily – Senior Fellow of the Brookings Institution
Christopher A. Bartlett – author, academic and professor emeritus at Harvard Business School
Eric Beinhocker – author
Victor Cheng – author, blogger
Chelsea Clinton – Vice Chairman, Clinton Foundation, daughter of former U.S. President Bill Clinton and Secretary of State Hillary Clinton
Jay Coen Gilbert – Co-Founder, B Lab – the non-profit that certifies B Corporations
James C. Collins – academic, author Good to Great
Joseph Daniels – president and CEO of the National September 11 Memorial and Museum
Howard Davies – Chairman of the Royal Bank of Scotland; former director of the London School of Economics and former chairman of the British Financial Services Authority
Bill Drayton – founder and CEO of Ashoka
Bernard T. Ferrari – Dean, Johns Hopkins University Carey Business School
Chandra Gnanasambandam – McKinsey consultant
Chris Goodall – environmental author, speaker and consultant, as well as Green Party parliamentary candidate
Mohsin Hamid – author
Tom Hayhoe – healthcare director, former politician, and offshore racing sailor
Fred Hilmer – former CEO of Fairfax Media and former President and Vice Chancellor of University of South Wales
Yul Kwon – business, law, government and media background; winner of reality TV show Survivor: Cook Islands in 2006
Phil Lapsley – electrical engineer, author and entrepreneur
Georgia Lee – filmmaker
Jeff Luhnow – General Manager of the Houston Astros
Kyriakos Mitsotakis – former Greek minister for administrative reform and current Parliamentary Representative for New Democracy party
Deanna M. Mulligan – CEO of Guardian Life
Thomas J. Peters – business author and speaker
Chris Philp – cofounder of Clearstone and member of British Parliament for Croydon South
Alejandro Plaz – founder of Súmate
Steven Strauss
– public and private sector executive, contributing columnist at the
Los Angeles Times, and currently the John L. Weinberg/Goldman Sachs
Visiting Professor at Princeton University
Adair Turner, Baron Turner of Ecchinswell – British businessperson, academic and technocrat; formerly served as chairman of the UK Financial Services Authority and the UK Financial Policy Committee.
James Twining – former investment banker, McKinsey consultant and entrepreneur; current thriller writer
Luis Ubiñas – former president of the Ford Foundation
Jerome Vascellaro– vice chancellor of Brown University
Brett Wigdortz – founder and CEO of Teach First
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