I remember doing a lot of research about PE when it was a hot topic during the Romney days. It's hard to put your finger on what makes it feel unsavory. After a

I remember doing a lot of research about PE when it was a hot topic during the Romney days. It's hard to put your finger on what makes it feel unsavory. After all, there are a bunch of players who have different interests who all have to agree on the deal for it to go through. Presumably, if it were a rigged game, these deals wouldn't get closed. The whole "fool me twice" thing, and all. Yet, these big PE firms seem to come out ahead. Certainly their principles do. On the other hand, when big companies falter, there are the bystanders: the working people, clients of the business, the community, and other non-equity-holding stakeholders. None of these people seem to stand to gain much no matter who wins the game of thrones in the boardroom. And it's not as though these people will just frictionlessly proceed on to some alternative in the market.