But this is not just PE - this is the Jack Welch school of business. Ascend to the top of the company, attach to it like a parasite, and suck it dry over time.

But this is not just PE - this is the Jack Welch school of business. Ascend to the top of the company, attach to it like a parasite, and suck it dry over time. Short to mid term, "woah, the stock is going up, this guy is a genius!" Until there is no more company left to juice the shares with buybacks. This is how the GE engineering culture was destroyed as well. Private Equity is like that, only much accelerated. There is no pretense of "management".