2 ms·
Turns out that if you hollow out a giant company you can turn out huge profits and it takes awhile for the corpse to fall.
by a2tech 4y ago
Turns out that if you hollow out a giant company you can turn out huge profits and it takes awhile for the corpse to fall.
- jandrese 4y agoSee also: private equity firms that specialize in finding a business that is currently struggling for one reason or another so they can buy it out and siphon off all of the equity and jump ship before the regular creditors catch up. Lots of safe money to be made by dismantling the work of generations.
- pinko 4y agoA decade ago, the father of my kid's friend ran a PE firm and I'll never forget the day at lunch when he laughingly mocked how the lifelong employees of the large ($50M/y revenue) family business he was gutting were "whining" about having their healthcare plan cut (not scaled back -- just eliminated). Evil SOB.