6 years ago
3
Private equity bosses took $200m out of Toys R Us and crashed the company, lifetime employees got $0 in severance
Private equity's favorite shell game is to take over profitable businesses, sell off their assets, con banks into loaning them hundreds of millions of dollars, cash out in the form of bonuses and dividends, then let the businesses fail and default on their debts.
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Just like in the microbiome, we have parasites in business.
Willard "Mitt" Romney, the hookworm of private equity.
Yup,and nothing happens to the human parasites. They always get a free ride.