3 ms·
I used to have a number of private equity clients when I was still working at a firm. Private equity's business model is to profit from the destruction of peop
by gamblor956 3y ago
I used to have a number of private equity clients when I was still working at a firm.
Private equity's business model is to profit from the destruction of people's livelihoods. PE partners are the most immoral people I have ever met (and for comparison, I used to work as a public defender representing murderers and sex offenders). If they could make a dollar by murdering a baby, most of them would do it with a smile.
Yes, there are the occasional accidental success stories like Staples. But they overwhelming majority of PE stories are viable companies being ripped apart for their "valuable assets" or saddled with crushing debt to fund the acquisition of the company and/or dividend payouts to their new PE owners.