Can McKinsey & Co. Fix the Government?

That's how Romney wants to fix government, an approach that has a laughable history

Joe Raedle / Getty

Republican presidential hopeful and former Massachusetts Governor Mitt Romney.

Mitt Romney told the Wall Street Journal last week that if he is elected President, he will "probably" hire McKinsey, the management-consulting firm, to tell him how to reorganize the government. "I'm not kidding," he said, tactfully adding that it might be another management-consulting firm such as Bain (where Romney worked for years and where he got rich) or the Boston Consulting Group. Or he just might call on Jack Welch, who retired years back as CEO of General Electric but has yet to be replaced in the Lee Iacocca Chair as America's semiofficial Business God.

If Romney stands for anything, he...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!