It is crazy how much money the PE folks have made by making a company worse off. In far too many cases, it's been like the anti-thesis of business: Instead of g

It is crazy how much money the PE folks have made by making a company worse off. In far too many cases, it's been like the anti-thesis of business: Instead of getting paid by improving a business, and thus delivering better service/products to the customer, the businesses have been optimized for debt - which in turn has been funneled back via dividends. In the end the business is worse off, and the customers are paying more for less (or exactly the same before PE stepped in). Luckily the days of cheap/free debt are over, but some few earned billions.