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50 sats \ 1 reply \ @nkmg1c_ventures 20h \ parent \ on: Review: Bad Company: How Private Equity Ruined Everything BooksAndArticles
There is a frequent kind of PE takeover where they come in, fire people, sell off assets, and generally financialize the company with shell companies to get creative with accounting. The business basically gets hollowed out and the original operations that were successful aren't invested in.