Filed under: Management, Industry, Private equity, Recession, Financial Crisis
Over the past decade we seen at least $1 trillion dollars spent by private equity firms. These firms have taken over companies for a pittance and then pillaged them by slashing employees and cutting costs. They then used the money to pay down debt rather than rebuilding the company.
Now all of the debt thrown on the acquired companies is coming due and it could cause another economic disaster, even bring down the economy.
Continue reading Will private equity take down the economy?
Will private equity take down the economy? originally appeared on BloggingStocks on Tue, 03 Nov 2009 13:30:00 EST. Please see our terms for use of feeds.
Entries (RSS)