Can Bain Consultants Get Bain & Co. Out Of This Jam?
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"It's like watching a child grow. The transition from the first generation of owners to the next has been an inevitability since the company was started, and I've always known that."
As always, William W. Bain Jr. is unruffled, composed, and deliberate, but the words sound bittersweet. He is, after all, contemplating the management consultancy he founded, Bain & Co., at what is arguably the most critical juncture in its 18-year history. Within weeks, capping an extraordinary transaction, Bill Bain will turn over control and management of his company to a group of younger executives.