U.S. Senator Marco Rubio (R-FL) joined The Business Briefing to discuss his call for President Biden to ban U.S.-China travel, the Putting American Autoworkers First Act, Florida’s economic growth, and more. See below for highlights and listen to the full interview...
The Biden Administration set a November 30, 2023 deadline for Venezuela’s criminal Maduro narco-regime to release U.S. hostages and enable opposition leader María Corina Machado, who had a landslide victory in October’s primary elections, to run against Maduro in the...
Last month, American autoworkers secured big wins through negotiations with the “Big Three” automakers. Automakers have historically threatened to offshore manufacturing jobs and production to cut costs, even while they receive generous benefits from the American tax...
U.S. Senator Marco Rubio’s (R-FL) office will host Mobile Office Hours this week to assist constituents who were affected by Hurricane Idalia. These office hours offer constituents who do not live close to one of Senator Rubio’s eight regional offices a more...
Contemporary Amperex Technology Co. Ltd. (CATL), a company directly funded and supported by the Chinese Communist Party, continues to pose national security risks to the United States. This past spring, CATL batteries were installed at Camp Lejeune, North...
U.S. Senator Marco Rubio’s (R-FL) office will host in-person Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of Senator Rubio’s...
Washington, D.C. — U.S. Senator Marco Rubio (R-FL) sent a letter to McKinsey & Company’s Global Managing Partner Bob Sternfels after learning that McKinsey disclosed “client connections” to the Chinese Government, and thus the Chinese Communist Party (CCP), as part of a bankruptcy disclosure process in September 2020. On three separate occasions, McKinsey had previously denied to Rubio and his staff that the CCP or the Chinese government had ever been a client.
The letter was first reported by NBC News, which notes that “critics [of McKinsey] like Rubio say the firm, the world’s largest consulting company, needs to divulge more details about its work in China, particularly amid concerns in Washington about Beijing’s industrial espionage, arms buildup and intellectual property theft.”
“It has come to my attention that McKinsey & Company appears to have lied to me and my staff on multiple occasions regarding McKinsey’s relationship with the Chinese Communist Party (CCP) and the Chinese government,” Rubio wrote. “It is increasingly clear that McKinsey & Company cannot be trusted to continue working on behalf of the United States government, including our Intelligence Community.”
The full text of the letter is below.
Dear Mr. Sternfels:
It has come to my attention that McKinsey & Company appears to have lied to me and my staff on multiple occasions regarding McKinsey’s relationship with the Chinese Communist Party (CCP) and the Chinese government.
In a bankruptcy court filing dated September 18, 2020, McKinsey Recovery & Transformation Services U.S., LLC—a wholly owned subsidiary of McKinsey & Company Inc.—disclosed the Chinese government as a client. Specifically, in Schedule 2 of the court filing, McKinsey disclosed that it has “client connections” to “China. [sic] Chinese Government,” as well as “CN Government—Fed/Prov [sic].”
That disclosure, made under penalty of law, contradicts McKinsey’s previous denials that the CCP or the Chinese government had ever been a client.
As you well know, any dealings with the Chinese government are necessarily dealings with the CCP.
The bankruptcy court filing also describes numerous other questionable “client connections” that McKinsey failed to acknowledge to my staff and I in the past, including China Construction Bank, China Resources Holdings Company Limited, China Petroleum & Chemical Corporation, and many others.
These previously undisclosed relationships between McKinsey & Company and the CCP, the Chinese government, and CCP-related entities pose serious institutional conflicts of interest. It is increasingly clear that McKinsey & Company cannot be trusted to continue working on behalf of the United States government, including our Intelligence Community.
Sincerely,