<<<<< JOB DESTRUCTION NEWSLETTER No. 1957 -- 1/13/2009 >>>>>

Rob Sanchez

Obama created a new position called the "Chief Performance Officer" (CPO).

Obama chose Nancy Killefer as his CPO. Killefer's role as the nation's new CPO isn't very clear but there are endless numbers of articles on the internet that speculate on what she will do if you care to slog through them.

I haven't had time to really dig into Killefer, but what is known so far about her is not very encouraging, especially considering that Obama has stacked his administration with dregs of the Clinton administration that are advocates of expanded immigration and "free trade". Whatever influence Killefer has it sure won't be to help American workers keep their jobs.

Nancy Killefer has an MBA and a BA in economics. If that's not enough to make you nervous, she was manager at the Treasury and IRS. BLECH! Killefer is a senior director for McKinsey & Company and has been there since 1979.

McKinsey is a large consultancy agency and had for clients companies that went bankrupt; like Enron, Swiss-air, Kmart, and Global Crossing.

McKinsey could be characterized many ways, but for the most part they are a bodyshop that companies use to outsource management functions. They have offshore offices all over the world. They also publish sham studies that are widely quoted. Their studies appear to be academic and objective but are mostly self-serving calls for more offshoring and to allow more H-1B visas.

McKinsey's CEO is Rajat Gupta who is known as the first India-born CEO of billion dollar US transnational. You can read all about Rajat in this 1994 article:

http://www.sree.net/stories/bt-gupta.html

There is simply too many outrageous things that McKinsey has said to cover in this newsletter but here are some nuggets of wisdom that the McKinsey Global Institute published in a 2003 report. Somebody should ask Killefer if she believes this trash but we can count on the mainstream media to treat her with kid's gloves.

* "Offshoring creates wealth for U.S. companies and consumers and therefore for the United States as a whole."

* Offshoring saves U.S. companies, on average, 58 cents for every dollar spent overseas, thereby increasing productivity, profitability and competitiveness.

* For every dollar spent offshoring, U.S. service providers purchase an additional 5 cents worth of U.S. goods and services, which create U.S. jobs.

* Global outsourcing frees up U.S. labor to engage in work the market determines is more productively performed in America. "Far from being bad for the United States, offshoring creates net additional value for the U.S. economy that did not exist before.

For more on McKinsey this is an excellent article:

http://www.businessweek.com/magazine/content/02_27/b3790001.htm

Inside McKinsey

Enron isn't its only client to melt down. Suddenly, times are trying for the world's most prestigious consultant.

Their homepage is at:

http://www.mckinsey.com/

This video shows Obama introducing Nancy Killefer:

http://www.youtube.com/watch?v=w2xAoai0UBI

http://www.upi.com/Top_News/2009/01/07/Personality_Spotlight_Nancy_Killefer/UPI-79401231374110/

Personality Spotlight: Nancy Killefer

Published: Jan. 7, 2009 at 7:21 PMOrder reprints | Feedback WASHINGTON, Jan. 7 (UPI) -- U.S. President-elect Barack Obama tapped into the Clinton administration, this time naming Nancy Killefer as the nation's first chief performance officer.

Killefer, a senior director in the Washington office of the management consultant firm of McKinsey & Co. Inc., served as the Treasury Department's chief operating officer under former President Bill Clinton.

Joining McKinsey in 1979, Killefer heads the firm's Public Sector Practice, specializing in developing strategies and improving organizational effectiveness for a range of government clients, according to her biography on the Retirement Security Board Project, for which she is a board member.

From 1997 to 2000, Nancy was assistant secretary for management, chief financial officer and chief operations offer at the Treasury Department.

While at Treasury, she also led a major modernization at the Internal Revenue Service, prepared Treasury's systems for Y2K and reshaped management processes.

After returning to McKinsey in 2000, she joined the IRS Oversight Board, serving from 2000 to 2005 and was the board's chairman from 2002 to 2004.

Nancy earned a master's in business administration from the Sloan School of the Massachusetts Institute of Technology. She graduated with honors from Vassar College, with a degree in economics.

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