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Yes I should have said, "has outside investors," or "institutional investors." It would have fit better. PE companies seem even worse. I often see them take a k
by Clubber 2y ago
Yes I should have said, "has outside investors," or "institutional investors." It would have fit better. PE companies seem even worse. I often see them take a known brand, cut quality, jack up the prices and bleed the company dry.
https://www.nbcnews.com/business/consumer/private-equity-rolled-red-lobster-rcna153397 https://www.nbcnews.com/business/consumer/private-equity-rol...
- FilosofumRex 2y agoDon't forget the evil university endowments flying under the radar of non-profits. They destroy local shops & economy by replacing them with either for profit corporate tenants who can pay exuberant rents, or worse, empty, abandoned, desolate buildings with exuberant mark-to-model real estate values. Harvard and Kendall Squares in Cambridge, MA are the best examples of what ruthless endowments do. Kendall Square is entirely owned by MIT and is new shiny and totally unaffordable to non-VC/PE crowd and shuts down after dark. Harvard Square is replete with empty buildings worth billions on HMC's books. The late night 2-story Starbucks with lots of seating and occasional live music is gone and replaced with a tiny one with no seating which closes at 9pm.