When James said he was joining McKinsey, his parents frowned and worried and tried to be understanding. His dad solemnly told him, âIâll support you in whatever you do.â Despite his explanations, they ultimately believed the only possible motive was some misguided and servile interest in the activities of the rich, the career equivalent of Forbes magazine.
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Google Ventures, now known as GV, was an investor. They knew our financials and had always been extremely supportive, so I wasnât worried about the number. I was worried about which teams weâd work with, what technology weâd share, what products weâd build. Nest wasnât joining Google for the moneyâwe were joining to accelerate our mission. So it was always mission first, money second.
Together with Google, we went through every single functionâmarketing, PR, HR, sales, every part of the company. We established where we could create synergies and where we couldnât, figured out which managers would be assigned to us, how we would do the hiring, which perks people would get, which salaries they could expect, which teams would be working together closely, and how those relationships would be established.
It took a lot of time. In fact I was starting to get a lot of eye rolls. âReally, Tony? You want to get into the details of this now?â Yes, yes, I do. Itâs important.
And it wasâcritically important and usually overlooked.
Most acquisitions are driven and overseen by bankers, and bankers only make the real money if the deal goes through, so theyâre motivated to move fast and get paid. They donât care about getting every detail of what happens to employees right. They donât really care about cultural fit. Not deeply.
Thus, while those who are very wealthy like to believe that they are worthy of the financial rewards they have accrued, many poorer people donât want to mess with the dream that they too might achieve such riches if only they work hard enough. For them to concede that perhaps the system was stacked against themâthat money had become far better at begetting more money than working long hard shiftsâwould be tantamount to abandoning their sense of agency and their cherished beliefs that what made their countries different was that anyone who worked hard enough could be whatever they wished to be.
He couldnât see how it made any difference to Tescoâs grand plans if he gave his presentation on Friday instead of tomorrow. But his manager insisted. It was irritating to be subject to someone elseâs arbitrariness. It was just a culture of performative zeal. McKinseyites were supposed to be the shock troops of capitalism, sacrificing themselves to smash through problems. James was supposed to be eagerly hurling himself into the fray. But he couldnât quite get himself geed up.
Sometimes a fear came to him: that the Firm was secretly a ladder to nowhere. That at the top there was just more of the same. Yes, it functioned well and employed intelligent people. But what was it for?
And he insisted with every tool of his personality that they see the situation as he saw it, that they feel as he felt or as he convinced himself he did. As he worked on them, they began to tentatively sense â not as with James, that they were led by a man of admirable vision and ability â but that they were in this together, and that they wanted themselves to succeed.