![]() ![]() Names like KKR, Carlyle, and Blackstone tend to fly under the radar, but they’re everywhere, making more money, gaining more influence, and some would argue, wreaking more havoc than anything else on Wall Street.įederal prosecutor Brendan Ballou provides the scrutiny that an industry with this much economic and political power should invite in his provocative new book, “ Plunder: Private Equity’s Plan To Pillage America. ![]() Price hikes, deteriorating conditions, and poor service - along with a certain slickness of marketing - could be signs that ownership of a business you count on has transferred to one or more firms in a rapidly-expanding Wall Street industry. ![]() The kind that was rapidly taking over vet clinics, dental offices, and gyms on every block – though you wouldn’t know it unless you did some sleuthing. ![]() The same type of firm that had already ruined my beloved neighborhood grocer. I learned an interesting fact: a couple of years ago, a private equity firm had bought the local chain. One of my favorite NYC restaurants had become understaffed and dirty – a shadow of its former self. Photo by Patrick Weissenberger on Unsplashīy Lynn Parramore / Institute for New Economic Thinking ![]()
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