I wonder what Teddy Roosevelt would have thought of Tesla, Amazon, and Nvidia? I bet if he were with us today, he would have gone after Private Equity too, and the way they buy solid mom and pop companies, suck all the value from them with impunity, fire the knowledgeable employees, lock the doors, and leave communities weaker.
I wonder what Teddy Roosevelt would have thought of Tesla, Amazon, and Nvidia? I bet if he were with us today, he would have gone after Private Equity too, and the way they buy solid mom and pop companies, suck all the value from them with impunity, fire the knowledgeable employees, lock the doors, and leave communities weaker.
OMG, Patricia, Private Equity (formerly known as 'leveraged buy-outs') a ruining entire segments of the economy. They may well be one of the root causes of the housing/rent crisis, since some of them swooped in and bought up every foreclosed house they could after the housing crash, and turned them into rentals or flipped them later. Now they've moved into the medical/industrial complex....................
They are a blight in our neighborhood. Our neighbor, a former banker, mentioned the number of rentals in the our neighborhood. Then there is also corporate buy out of businesses like vet clinics. Ours in independent but swamped because a corporation bought out a local one nearby. Many years ago, I used to buy lots of seeds from the British company, Thompson and Morgan. Then they were bought out, sucked dry, and I doubt they even exist anymore. I have seen this happen to many companies. When I am grocery shopping at our local natural foods market, I try to buy brands that have not been bought by some large conglomerate. The local Saturday outdoor market started yesterday, another opportunity to support local farmers, ranchers, and artists. We didn't go because the weather early was not good, but well go next weekend. People line up for the good stuff. A friend bought some pastries for our coffee get together from a supermarket that is now part of a Canadian company. She paid 8.79 for each one. Eek.
Does anyone know of a legislator who is willing to write legislation to regulate Private Equity? Maybe we could all write to him/her. There must be one of them out there whose hand isn't getting greased.
Not just mom and pop--remember the rash of "buy, deplete, and bankrupt" raids on airlines? Travel today suffers from the aftermath of those mergers, in service, safety, and squishing travelers like sardines.
I wonder what Teddy Roosevelt would have thought of Tesla, Amazon, and Nvidia? I bet if he were with us today, he would have gone after Private Equity too, and the way they buy solid mom and pop companies, suck all the value from them with impunity, fire the knowledgeable employees, lock the doors, and leave communities weaker.
OMG, Patricia, Private Equity (formerly known as 'leveraged buy-outs') a ruining entire segments of the economy. They may well be one of the root causes of the housing/rent crisis, since some of them swooped in and bought up every foreclosed house they could after the housing crash, and turned them into rentals or flipped them later. Now they've moved into the medical/industrial complex....................
TheyтАЩve been there a whileтАФ
Medicine, Care, Education, and Prisons donтАЩt belong in the for-profit sector
You are so right!
They are a blight in our neighborhood. Our neighbor, a former banker, mentioned the number of rentals in the our neighborhood. Then there is also corporate buy out of businesses like vet clinics. Ours in independent but swamped because a corporation bought out a local one nearby. Many years ago, I used to buy lots of seeds from the British company, Thompson and Morgan. Then they were bought out, sucked dry, and I doubt they even exist anymore. I have seen this happen to many companies. When I am grocery shopping at our local natural foods market, I try to buy brands that have not been bought by some large conglomerate. The local Saturday outdoor market started yesterday, another opportunity to support local farmers, ranchers, and artists. We didn't go because the weather early was not good, but well go next weekend. People line up for the good stuff. A friend bought some pastries for our coffee get together from a supermarket that is now part of a Canadian company. She paid 8.79 for each one. Eek.
Does anyone know of a legislator who is willing to write legislation to regulate Private Equity? Maybe we could all write to him/her. There must be one of them out there whose hand isn't getting greased.
Not just mom and pop--remember the rash of "buy, deplete, and bankrupt" raids on airlines? Travel today suffers from the aftermath of those mergers, in service, safety, and squishing travelers like sardines.
Don't forget hostile takeovers!
Are you referring to Bain Capital - RomneyтАЩs company?