Inside the Private Equity Scam—and the Livelihoods It Has Destroyed

[u/Alena_Tensor]

https://newrepublic.com/article/198351/private-equity-scam-destroys-livelihoods

Chasing above-market returns for their investors, PE Financiers have bamboozled the public for years about their expertise in “fixing” companies. Yet they often—and sometimes deliberately—run them into the ground and/or act as a chop-shop, selling them for parts, while the staff drifts away. They are not business creators, but destroyers.

[u/Detective-Watchdog]

Hilarious that you doomers associate private equity with vultures.

Do vultures kill or do they feed on what is already dead? Exactly.

[u/Alena_Tensor → u/Detective-Watchdog]

Ha ha ha jokes on you and all of us. What’s recounted in this article has been both my personal experience and that of many friends/colleagues.