10There is one famous company, for decades the leader in its field, whose chief executive is elected by a closed vote of its senior managers. I have asked many groups of businesspeople, all of whom know this company, to guess which it is. Rarely does anyone get it. The answer is McKinsey & Company, whose executive director is elected to a three-year term by a vote of the senior partners. This seems to have worked well for McKinsey. Has any McKinsey consultant ever proposed it to a client?
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