4 ms·
I see a lot of the same with PE firms buying companies - "<PE firm> buys <beloved company that was failing> and lays off half the workers! Evil, evil PE firm!"
by awillen 7y ago
I see a lot of the same with PE firms buying companies - "<PE firm> buys <beloved company that was failing> and lays off half the workers! Evil, evil PE firm!" Now obviously there's a fair amount of the time when PE firms do dividend recaps and other financial engineering that harm the companies, but there's plenty of time when they trim the fat from a failing company and save a lot of jobs. That doesn't make for a nice clickbaity headline, though.
- deleted 7y ago[deleted]
- WalterBright 7y agoOne thing about the free market is it is constantly reallocating resources from lower performing uses to higher performing ones.
- milkytron 7y agoThat's assuming the free market is actually free. Some lower performing resources are at an inherent disadvantage, created by the higher performing ones.