18 July

Not sure how well known it is that these firms structure themselves as partnerships, like a law practice, to avoid key requirements of the Corporations Act, such as annual financial statements, and audit. (Yep, they have no financial statements and they’re not audited.) For example some have 900+ ‘partners’, and there is no annual financial statement for what the firm has been doing. All deliberately designed to basically be a system to make partners extremely rich. These clowns were hired by universities too to ‘advise’ on major change. (University boards and senior managers are as incompetent as consultants are rich - it’s one reason the consultants are rich.) The places never recover, it’s like having leeches attached all over your body that you can’t get off.