3 ms·
That's literally what Jack Welch did with General Electric in the 80s and 90s, and all the Boomers loved him for it. And yes, PE firms do it all the time as wel
by mdorazio 2y ago
That's literally what Jack Welch did with General Electric in the 80s and 90s, and all the Boomers loved him for it. And yes, PE firms do it all the time as well - it's actually pretty rare for PE to acquire a large company that is actually failing. More often, it's one that is doing OK but not great. A good example is Toys R Us. Net earnings were around $100M in 2004 when PE bought it out and ruined it.