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When a major corporation faces a crisis, contemplates a massive layoff, or considers a risky merger, the CEO inevitably calls in an elite management consulting firm. Armies of young MBAs arrive with polished slide decks, complex frameworks, and exorbitant invoices. But the quiet truth of the consulting industry is that they rarely provide genuinely new strategic insights. What they actually sell is institutional cover.In an increasingly volatile business landscape, executives use prestigious consulting firms to outsource accountability. If a restructuring fails, the board cannot blame the...