I mean it’s been a huge thing that people have known about for decades. Romney was one of them. Barbarians at the Gate is a popular book on KKR in particular an

I mean it’s been a huge thing that people have known about for decades. Romney was one of them. Barbarians at the Gate is a popular book on KKR in particular and was made into a movie. As to why it’s not illegal... there’s both the realpolitik “who are friends with congresspeople” as well as the wonky “how do you make it illegal? It’s just combining a lot of elements of capitalism” The way you make it illegal, of course, is preventing stuff like directors being able to get paid big bonuses for buyouts (basically bribes to accept LBOs), by properly classifying such movements as stealing assets from the company