>And when is the last time one of these companies had their pensions cut, executives paid, then turned around the ship to be successful? GM just did that durin

>And when is the last time one of these companies had their pensions cut, executives paid, then turned around the ship to be successful? GM just did that during the recession, saving a huge number of jobs, and enabling GM to pay partial pensions. In fact, probably any company (and municipality, of which there are many) that went through or was near bankruptcy and turned around did so because of access to capital. So you claim it never happens. I claim it happens in almost every case where some company was saved. Loans don't magically appear to help places without access to capital markets, which means in almost all cases PE. That you don't see it, even in high profile cases like this, doesn't make it uncommon. Simply google and you'll find lots of examples counter to your claims. If you want some academic studies, [1] shows that PE companies are better managed across developed and developing countries than non-PE, [2] shows that PE financed companies service debt at a lower cost to companies than non-PE firms (meaning that not taking PE, but using other sources, costs the company more), [3] shows that PE companies show more growth and employment than non-PE companies, and on and on. These are peer-reviewed journal articles that measure precisely what you likely have developed a feeling about from news and pop sources. These articles are representative of a google scholar search on private equity research since 2015, and all appear on the first page. The rest of the page that addresses your claims reads similarly. Check it yourself. [1] https://www.aeaweb.org/articles?id=10.1257/aer.p20151000 https://www.aeaweb.org/articles?id=10.1257/aer.p20151000 [2] https://www.cambridge.org/core/journals/journal-of-financial-and-quantitative-analysis/article/private-equity-firms-reputational-concerns-and-the-costs-of-debt-financing/F1A4D57107CA019F9DCDA53BAF8E9C1B https://www.cambridge.org/core/journals/journal-of-financial... [3] https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2015.2404 https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2015.240...