At the time, McKinsey & Company was one of the few firms that were focused on management consulting for top level executives rather than specialized consulting in areas such as accounting or law.
While the company continued to operate as before, Kearney and the remaining partners disagreed over how to run the firm.
[4] In 1961, Kearney retired and James Phelan became the managing partner of the firm.
Kearney died at Passavant Memorial Hospital in Chicago on January 11, 1962, and was buried at Rosehill Cemetery.
[5] According to Kearney: "Our success as consultants will depend upon the essential rightness of the advice we give and our capacity for convincing those in authority that it is good."