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The Boston Globe


Farah Stockman

Why did the smartest guys in the room go bankrupt?

For nearly three decades, Monitor Group, an elite Cambridge-based consulting firm, sold expensive advice to companies and governments all over the world. In the ecosystem of the industry, Monitor was not a cost-cutter or bean-counter. It was made up of “big ideas” gurus who devised winning strategies; the ones who helped you spot an opportunity on the horizon, miles away.

So it shocked the business world when Monitor’s own strategy came apart. This fall, the company filed for bankruptcy. On Jan. 11, Monitor was officially acquired by the auditing firm Deloitte. It was the end of an era.

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