Stock buybacks are even more dangerous when combined with leveraged buy-outs. So a venture capital/private equity firm buys a successful company & brand, loads

Stock buybacks are even more dangerous when combined with leveraged buy-outs. So a venture capital/private equity firm buys a successful company & brand, loads it up with debt, buys back the stock and pays itself "management fees" equal to the payout, while hollowing out the company itself.