This is not an accurate description/metaphor. The best way to describe PE is as a means of exploiting principal/agent issues: https://en.wikipedia.org/wiki/Pr

This is not an accurate description/metaphor. The best way to describe PE is as a means of exploiting principal/agent issues: https://en.wikipedia.org/wiki/Principal–agent_problem https://en.wikipedia.org/wiki/Principal–agent_problem People take over organizations and loot them for personal gain. It's the simplest business model imaginable. In fairness that's not the only PE model. The other model is to buy up competing businesses, engage in anti-competitive practices, and extract monopoly rents from a sector.