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Behind the Money

Inside BCG’s Gaza work scandal

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4350 Ratings

🗓️ 16 July 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

Top consulting firms have repeatedly found themselves facing a reputational crisis. The most recent example was in early July, when a Financial Times investigation revealed that Boston Consulting Group had modelled a plan to ‘relocate’ Palestinians from Gaza after entering into a multimillion-dollar contract to help launch an aid scheme for the enclave. In this week’s episode, the FT’s US accounting editor, Stephen Foley, explains his reporting and examines what these events say about how effective the consulting industry’s ability to avoid reputational scandals is.   


Clips from the UN  


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For further reading:

BCG modelled plan to ‘relocate’ Palestinians from Gaza

Inside Gaza’s ‘death traps’

The little-known group poised to take over Gaza’s aid

BCG gets caught up in a scandal in Gaza 


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Follow Stephen Foley on X (@stephenfoley) and Bluesky (‪@stephenfoleyft.bsky.social‬). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. 


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

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0:36.4

In the middle of May, the United Nations humanitarian relief chief, Tom Fletcher, provided an update to the UN Security Council.

0:45.5

It was about the situation in Gaza.

0:48.1

Mr. President, members of the Council, briefing you again on this subject is a grim undertaking.

0:57.8

In the briefing, he spoke about a new U.S. and Israeli-backed aid system that would

1:03.7

launch later that month in Gaza. And he did not mince words.

1:08.4

It makes aid conditional on political and military aims.

1:14.1

It makes starvation a bargaining chip.

1:18.4

It is a cynical side show, a deliberate distraction, a fig leaf for further violence and

1:24.7

displacement.

1:27.3

If any of that still matters, have no part in it.

1:30.7

This organization he's speaking of is called the Gaza Humanitarian Foundation, or GHF.

1:36.3

And when it began operations on the ground in Gaza in May, it did so amid a great deal of

1:42.1

controversy and mayhem.

1:43.8

My colleagues at the F.T had been writing about the launch of GHF, about the mystery around its origins and its financing, and about the chaotic and deadly early days of the operation.

...

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