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Title details for Plunder by Brendan Ballou - Wait list

Plunder

by Brendan Ballou
ebook
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The authoritative exposé of private equity: what it is, how it kills businesses and jobs, how the government helps, and how we stop it
Private equity surrounds us. Firms like Blackstone, Carlyle, and KKR are among the largest employers in America and hold assets that rival those of small countries. Yet few understand what these firms are or how they work.
In Plunder, Brendan Ballou explains how private equity has reshaped American business by raising prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive parts of the economy. Ballou vividly illustrates how many private equity firms buy up retailers, medical practices, prison services, nursing-home chains, and mobile-home parks, among other businesses, using little of their own money to do it and avoiding debt and liability for their actions. Forced to take on huge debts and pay extractive fees, companies purchased by private equity firms are often left bankrupt, or shells of their former selves, with consequences to communities that long depended on them.
Perhaps most startling is Ballou’s insight into how this is happening with the active support of various arms of the government. But, as Ballou reveals in an agenda for reining in the industry, private equity can be stopped from wreaking further havoc.
 
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Publisher: PublicAffairs

Kindle Book

  • Release date: May 2, 2023

OverDrive Read

  • ISBN: 9781541702127
  • Release date: May 2, 2023

EPUB ebook

  • ISBN: 9781541702127
  • File size: 1045 KB
  • Release date: May 2, 2023
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Formats

Kindle Book
OverDrive Read
EPUB ebook

subjects

Business Finance Politics Nonfiction

Languages

English

The authoritative exposé of private equity: what it is, how it kills businesses and jobs, how the government helps, and how we stop it
Private equity surrounds us. Firms like Blackstone, Carlyle, and KKR are among the largest employers in America and hold assets that rival those of small countries. Yet few understand what these firms are or how they work.
In Plunder, Brendan Ballou explains how private equity has reshaped American business by raising prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive parts of the economy. Ballou vividly illustrates how many private equity firms buy up retailers, medical practices, prison services, nursing-home chains, and mobile-home parks, among other businesses, using little of their own money to do it and avoiding debt and liability for their actions. Forced to take on huge debts and pay extractive fees, companies purchased by private equity firms are often left bankrupt, or shells of their former selves, with consequences to communities that long depended on them.
Perhaps most startling is Ballou’s insight into how this is happening with the active support of various arms of the government. But, as Ballou reveals in an agenda for reining in the industry, private equity can be stopped from wreaking further havoc.
 
Expand title description text
Business Finance Politics Nonfiction