3 ms·
Has PE had a history of net job gain, or at the very least saving the jobs that were already there? My impression, without any data on hand, is that PE firms t
by Pfhreak 7y ago
Has PE had a history of net job gain, or at the very least saving the jobs that were already there?
My impression, without any data on hand, is that PE firms tend to reduce the number of jobs overall.
- smabie 7y agoThe point of a business isn't to employ people, it's to make money. Often times PE firms are buying companies that are going to go out of business unless dramatic changes are made (like newspaper companies). I think we can all agree that cutting half the staff of a company is better than the company going out of business and everyone losing their jobs.
- TrackerFF 7y agoAs much crap as Michael Milken has gotten, I agreed what he said on junk bonds: Dollar by dollar, junk bonds did create a lot jobs. They funded risky businesses, in the same way venture capital does today. Problem arises when they are used in deceptive ways.