3 ms·
A frequent cause is private equity. It's common to buy a well know brand, leverage it to the eyeballs in order to extract short term profits and bonuses, and le
by rurp 3y ago
A frequent cause is private equity. It's common to buy a well know brand, leverage it to the eyeballs in order to extract short term profits and bonuses, and leave the company with no margin to weather a rough patch or evolve when needed. A number of household brand names have been destroyed following this general playbook.
- tivert 3y ago> A frequent cause is private equity. It's common to buy a well know brand, leverage it to the eyeballs in order to extract short term profits and bonuses, and leave the company with no margin to weather a rough patch or evolve when needed. A number of household brand names have been destroyed following this general playbook. That's why capitalism is so great, right? Creative destruction.