Mckinsey Co

Michael J. Wolf, head of the media and entertainment practice at Booz-Allen & Hamilton for the last decade, has joined McKinsey & Co., where he will be a director and co-leader of the rival media group along with John Rose and Nick Lovegrove. Wolf has been a chief strategist for entertainment clients such as MGM, MTV, Paramount Pictures, Turner Broadcasting and Seagram Cos., after its purchase of Universal Studios.

Federal authorities shook the often secretive world of hedge funds with the arrests Friday of the billionaire founder of a major New York operation and five others on charges they engaged in extensive insider trading that allegedly netted more than $20 million in illicit profits. After taking the unusual step of using wiretaps in the investigation, authorities accused Raj Rajaratnam, the founder of the $7-billion hedge fund Galleon Group, two executives at California companies and three others of multiple counts of conspiracy and securities fraud.

Michael J. Wolf, head of the media and entertainment practice at Booz-Allen & Hamilton for the last decade, has joined McKinsey & Co., where he will be a director and co-leader of the rival media group along with John Rose and Nick Lovegrove. Wolf has been a chief strategist for entertainment clients such as MGM, MTV, Paramount Pictures, Turner Broadcasting and Seagram Cos., after its purchase of Universal Studios.

After selling off 85 of its 135 hospitals and clinics during the past year, National Medical Enterprises said Tuesday that it's time to trim costs at its overstaffed corporate headquarters in Santa Monica. The fast-shrinking hospital operator said it hired management consultant McKinsey & Co. to conduct a "bottom-up" review of the organization.

Two years ago, Conde Nast's Vogue published its biggest issue, an advertising-packed behemoth that symbolized the prosperity of New York's glittering magazine industry as it rode the twin booms in the economy and luxury spending to dramatic heights. Generous expense accounts were de rigueur at glossy fashion and lifestyle magazines. Some top editors and publishers enjoyed clothing allowances and mortgage assistance. Even lowly assistants flitted about in chauffeur-driven town cars.

Federal authorities shook the often secretive world of hedge funds with the arrests Friday of the billionaire founder of a major New York operation and five others on charges they engaged in extensive insider trading that allegedly netted more than $20 million in illicit profits. After taking the unusual step of using wiretaps in the investigation, authorities accused Raj Rajaratnam, the founder of the $7-billion hedge fund Galleon Group, two executives at California companies and three others of multiple counts of conspiracy and securities fraud.

McKinsey & Co., Los Angeles, said Robert F. Felton and Cathy Nichols-Manning, principals, have been elected directors. Also, James B. Bemowski and Thomas C. Leppert were elected principals to the consulting firm.

T. Michael Nevens, principal of McKinsey & Co. Inc., has been reelected vice president/development to the board of directors of Big Brothers of Greater Los Angeles, the Big Brothers have announced.

After selling off 85 of its 135 hospitals and clinics during the past year, National Medical Enterprises said Tuesday that it's time to trim costs at its overstaffed corporate headquarters in Santa Monica. The fast-shrinking hospital operator said it hired management consultant McKinsey & Co. to conduct a "bottom-up" review of the organization.