Advice for Wall Street

Here's a cool proposition for Wall Street firms : pay McKinsey to tell you that you can save money by cutting down on consulting costs!

To be fair to McKinsey, this is only one of the suggestions from the big-daddy of consulting. 

"A recent article in theMcKinsey Quarterly argues that Wall Street’s ailing banks could slash up to $2 billion each from their bloated overheads without damaging employee morale. The authors, who work for McKinsey, a leading strategy-consultancy, highlight several areas that bankers could cut—including fees paid to consulting firms. Presumably this includes McKinsey, which has advised most of America’s once-mighty investment banks at one time or another."