4 ms·
Interesting that you bring up Sears and Kmart, considering they are mostly owned by a PE firm that did almost the exact same thing as Sun did to Marsh; lease-ba
by sct202 8y ago
Interesting that you bring up Sears and Kmart, considering they are mostly owned by a PE firm that did almost the exact same thing as Sun did to Marsh; lease-backs, selling off divisions/brands, pension under funding, etc.
- kurthr 8y agoI read that as, the purpose of PE is to kill the sick business quickly and strip any valuble assets before dumping it in the legal fiction bankruotcy river where the remaining obligations and externalities are paid for by the public (PBGC, Superfund, water treatment).
- d4rti 8y agoPerhaps it should be called Public Subsidy instead.