Late this afternoon, a Reuters story hit the wire confirming that Anil Kumar, a former McKinsey Director, was no longer with the firm following an internal investigation. Reuters quotes an email note from McKinsey spokesman Michael Stewart noting that “We have concluded our internal investigation and can confirm that Anil Kumar is no longer with our firm … We are unable to go into further details about this matter as there are ongoing U.S. legal proceedings.” Kumar, as many will remember from earlier this fall, was a senior McKinsey partner who was accused as part of a Federal probe investigating an insider trading scandal at the Galleon Hedge Fund.
In an earlier column on Kumar, Spend Matters provided some background his pioneering efforts in the knowledge process outsourcing (KPO) area. The same column also took a cursory glance at the culture behind directorship election at McKinsey noting among other things that “given the fact that McKinsey so heavily vets those moving into a Director level role …
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