The Free Press: Joe Nocera on "The Consulting Crash is Coming!"
Which is probably true and long overdue.
Those of us who are in small firms get paid far less than the mega-firms, but we're a much smaller target.
We also give more bang for the buck.
Years ago, Avis CEO Robert Townsend nailed it with his take on management consultants:
"The effective ones are the one-man shows. The institutional ones are disastrous. They waste time, cost money, demoralize and distract your best people, and don't solve problems. They are people who borrow your watch to tell you what time it is and then walk off with it."
Cautionary note: Any large firm is likely to have stars as well as toads and weasels. Determine which type you're dealing with.