5 ms·
How employees get screwed in private equity deals
- intended 15y agoAre people NDA-ed, preventing them from talking about any of this? Assuming of course people have a similar experience they want to share.
- yeeguy 15y agoYeah, I have asked other ex-employees to share their stories and most are either too scared to talk or have been NDA'ed by the company
- jimfl 15y agoI worked for a Silver Lake owned company, surviving multiple quarterly layoffs, and 3 CEOs. The only metric for these companies is EBITA, and dropping people helps maintain that number. The PE firm is making money all the while the actual company is hemorrhaging.
- Tycho 15y agoYou know what would be useful? A sort of Turnitin for legal documents, where you could upload your employment contract or whatever and then it would search an annotated corpus for any pattern matches. It might hone in on one of these dodgy 'one-liner' loopholes buried in an otherwise generic looking wall of smallprint, and tell you what sort of trick they're trying to pull.