All articles tagged with #bain and co
Amid rising geopolitical tensions, global consultancies such as KPMG and Bain & Co. are pushing the boundaries of compliance to maintain a foothold in China, including work for sanctioned Russian banks like Sberbank and using intermediaries, as Western sanctions tighten and regulatory risk grows, raising compliance and reputational concerns.
American Airlines fired its commercial chief Vasu Raja after a Bain & Co. report criticized the airline's new marketing strategy for alienating corporate clients, leading to lagging revenue.
Chinese authorities have been increasing pressure on foreign businesses, including questioning staff at Bain & Co.'s Shanghai office, launching a cybersecurity review of imports from Micron Technology Inc., detaining an employee of Astellas Pharma Inc., and raiding the Beijing office of Mintz Group. This comes just months after Beijing delivered an open-for-business message to global investors.
Chinese authorities have questioned workers at consulting firm Bain & Co. in Shanghai, taking away computers and phones. The Boston-based company said it was cooperating with authorities and declined to comment further. This incident highlights the growing uncertainties faced by foreign executives and businesses operating in China after a series of detentions and investigations.