How the private equity buyout industry works

http://warongreed.org/facts.php

Jeff Faux, author of The Global Class War, explains how the private equity buyout industry works, and how it hurts American workers and our economy.

Category:

News & Politics

Tags:

• private
• equity
• buyout
• industry
• jeff
• faux
• workers
• economy
• greed
• henry
• kravis
• kkr

[mack387]

lmao this guy doesn't know what he's talking about.

[JuciShockwave]

It's sad how seniority is spit at. No wonder we spend billions trying to stay young forever or trying to be something we're not. It's not sad... it's pathetic. Say fuck off to these corporate pricks by not buying the lies. >:(

[creativeengineer]

Private equity companies are run by very greedy people, responsible for loading good companies up with massive amounts of debt and in most cases ruining them. Their only god is money. Nothing else matters. They treat the employees with contempt, never disclosing the company's financials, including their massive hidden fees. And they never have the courtesy of meeting with the employees... they see employees as a cost and a means to an end. Their social conscience is zero.

[jxsilicon9]

As someone that works with private equity firms. This guy doesn't know anything. PE keep experienced management on buyout firms so the business stays at optimal performance.If you buyouts have a high failure rate. Your firm wouldn't last long.PE make money by investing in firms and building them.

[vdo9999]

haha ! look at this guy trying to sell his "book" by accusing PE!! he is a bloody fake who is seeking to appeal to "working class" while selling his "book". Just remember, PE is not a scape goat and if you are trying to accuse it of what you have just described you are pretty much doing the same thing that priests from The Holy Inquisition did ..

[evenbetter098987]

This guy does not have a clue... 

[frenzychipmunk]

this guy has no idea what he is talking about. private equity is a business which involves high-level of both qualitative and quantitative analysis. PE firms/investors are not just a bunch of greedy pricks.

I am awed by this guy's ability to tie PE with taxpayer's money too. How are the two correlated in anyway?

[DEEZNUTZCORE]

Do you really think a PE Firm just haphazardly throws tens to hundreds of millions of dollars at LBO targets they have not scutinized under a 10x magnifying glass???

THIS MAN IS CLEARLY IGNORANT.

GREED is not the problem. FINANCIAL IGNORANCE is the problem.