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I would challenge the conceit that 'they do good by making their investors money.' They make their investors money, full-stop. Perhaps their investors choose to
by newnamenewface 6y ago
I would challenge the conceit that 'they do good by making their investors money.' They make their investors money, full-stop. Perhaps their investors choose to do good with that money, more likely, they choose to do business with that money. The private equity at no point ever did good through the act of making money, they did their job.
- HeWhoLurksLate 6y agoI think the thing here is that anyone can do good while making money- for instance, the longer-term PE groups mentioned around this thread that have respect from the companies they now own, or the factories that make sure that their employees are safe, paid well, and allow a work/life balance, or the finance companies that donate to charities and the like. The issue is that when money becomes the primary motivator for getting out of bed in the morning- and ethos and pathos get thrown out of the window entirely- you get companies who don't care about their employee's well-being or who don't care about the people on the other end of the line.