3 ms·
Story after story involving a business getting bought by private ends with the PE 1) buying an ENORMOUS amount of debt based on the goodwill of the history of t
by TheRealDunkirk 3y ago
Story after story involving a business getting bought by private ends with the PE 1) buying an ENORMOUS amount of debt based on the goodwill of the history of the company, 2) giving themselves ENORMOUS bonuses, and then 3) filing bankruptcy and liquidating. This is an entire AREA of business that should just not exist. It would seem that "investors" selling debt to these PE parasites would learn their lessons, but I expect that the even-bigger lesson is that they're all in on the grift together, and they're ALL making money somehow.