Private Equity at Work: When Wall Street Manages Main Street
| Author | : | |
| Rating | : | 4.74 (549 Votes) |
| Asin | : | B015DZ7U3Q |
| Format Type | : | |
| Number of Pages | : | 196 Pages |
| Publish Date | : | 2017-11-07 |
| Language | : | English |
DESCRIPTION:
Private Equity Firms: Angels or Sharks? Eileen Appelbaum and Rosemary Batt show with much conviction how much influence private equity (PE) firms have acquired through their ownership and control of Main Street companies across the US economy. Ms. Appelbaum and Ms. Batt also cover PE firms operating abroad whenever appropriate for the understanding of their examination of PE.To their credit, Ms. Appelbaum and Ms. Batt don't characterize all PE firms as uniformly harmful . a bit dry but the Kindle edition is good value Applebaum and Batt begin with a success story – a private equity (PE) group buys a specialist sausage maker, expands the workforce from 1a bit dry but the Kindle edition is good value Brian Probert Applebaum and Batt begin with a success story – a private equity (PE) group buys a specialist sausage maker, expands the workforce from 140 to 350 in three years and resells the company to a major foods group. However, once you read beyond the first paragraph the message is less positive and the majority of the book will be a depressing read if you are an employee of a PE-owned company (i.e. a portfolio company).A private equ. 0 to 350 in three years and resells the company to a major foods group. However, once you read beyond the first paragraph the message is less positive and the majority of the book will be a depressing read if you are an employee of a PE-owned company (i.e. a portfolio company).A private equ. Cogent, engaging analysis eco-liberal I am twenty per cent through the Kindle version and am very impressed with the clarity of the ideas presented. It is apparent to me that PE is a means of using debt and its favorable tax treatment to leverage economic equity out of companies taken private while externalizing costs onto company employees and taxpayers. There is no benefit to society and only costs, all to benefit the PE partners. The PE paradigm is yet another examp
Their risky decisions include buying companies and extracting dividends by loading them with high levels of debt and selling assets. These include policies to improve transparency and accountability, as well as changes that would reduce the excessive use of financial engineering strategies by firms.A groundbreaking analysis of a hotly contested business model, Private Equity at Work provides an unprecedented analysis of the little-understood inner workings of private equity and of the effects of leveraged buyouts on American companies and workers. Economist Eileen Appelbaum and Professor Rosemary Batt
They buy companies, issue huge debt, and reconfigure or dismantle them for profitable returns, sometimes at the expense of workers, suppliers, customers, and creditors. They explore the impact of private equity deals on the labor market as more and more acquired companies are encouraged to reduce their workforces to give greater return to investors. They clearly explain how private equity investments differ from publicly traded companies and explore their impact on the broader U.S. --Vanessa Bush . Finally, Appelbaum and Batt recommend changes in public policy to reduce incentives that overburden companies with debt and to promote greater transparency in such deals. From Booklist Deregulation of the financial markets and investor thirst for higher profits have given an enormous boost to private equity financiers. economy, particularly because so many pension funds are investors in private equity deals. Yet be
and Visiting Professor in the Management Department, University of Leicester, UK.ROSEMARY BATT is the Alice Hanson Cook Professor of Women and Work at the Industrial and Labor Relations School, Cornell University.. EILEEN APPELBAUM is senior economist at the Center for Economic and Policy Research, Washington, D.C