What's Dragging Down A.T. Kearney?

It's overstaffed and not really clicking with parent EDS

It was a dramatic moment for the New York-based members of A.T. Kearney Inc.'s financial-institutions industry group. Reeling from a slowdown in business and the cutting back of some key contracts, the consultants sat down on a Friday in October, 1998, to talk about their problems. Finally, one young associate cut through all of the consultant-speak and said what many had been thinking: Kearney lacked a clear vision of where it wanted to go and what it wanted to be. The room buzzed. "It was the first time someone spoke up and voiced publicly their concern that we didn't really have a strategy," says Ted J. Gooden, a fellow associate, since laid off.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.