Exec works with clients to strategize, improve business
NEW YORK — Gotham uber-consultant Michael J. Wolf has ankled his longtime roost at Booz-Allen & Hamilton for larger rival McKinsey & Co. as a director and head of the global media and entertainment practice.He will work, at least at first, alongside current division heads and McKinsey directors Nicholas Lovegrove and John Rose. Wolf, 40, resigned from Booz-Allen on Thursday morning and by evening was settled in at McKinsey, which he said “brings an unbelievable set of capabilities in high-tech, telecom, retail and consumer products — all of which will be critical to companies in the entertainment business.” Wolf had been at Booz-Allen for 12 years, building up a formidable media and entertainment practice there and advising clients Viacom, MGM, Seagram and News Corp. — and just about every other big showbiz name around. He’d been talking with McKinsey for several months. His 1998 book “The Entertainment Economy” discussed the intermingling of consumerism and entertainment and how that’s changing the face of the business. Last week, Wolf moderated a panel at Variety‘s Front Row conference called “Digital Future: Impact of Technology on Media,” with RealNetworks topper Rob Glaser and Bertelsmann’s Andreas Schmidt. Wolf is a big-picture player who works with clients on developing overall strategies and improving their business. His imprint is on a number of corporate revamps, including the turnaround of MTV, the integration of Viacom and Paramount and the combination of Random House with Bantam Doubleday Dell.