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Yes. To be more specific, look for the point where a Private Equity firm gets involved. Whose aim is extractive and often bankrupts the host company - to cut co
by SideburnsOfDoom 1y ago
Yes. To be more specific, look for the point where a Private Equity firm gets involved. Whose aim is extractive and often bankrupts the host company - to cut costs, send production somewhere cheaper, and in general use up the value in the good name that the product has.
This is what happened to Dr. Martens (footwear)
to Instant pot (cookware)
to Red Lobster (restaurants)
- walterbell 1y ago> whose aim is extractive Endorsed by legislative policy, e.g. tax-deductible interest payments on PE-induced debt.
- jcynix 1y agoGood example. Add https://en.wikipedia.org/wiki/Bending_Spoons https://en.wikipedia.org/wiki/Bending_Spoons which acquired various popular apps (Evernote, Filmic, …), fired most developers, and now exploits these apps to death.
- an0malous 1y agoPE is the corporate equivalent of cutting the crack with baking soda
- moomoo11 1y agoTheir goal is to make money but they need a few to die because that means their meth(ods) is good. Jeez. I can see it. Omg.
- ungreased0675 1y agoAre there good arguments against outlawing those type of PE acquisitions?
- int_19h 1y agoHow would you define "those type" (unambiguously enough to work as a law), as opposed to all others?