How Private Equity Buried Payless: https://www.nytimes.com/2020/01/31/upshot/payless-private-equity-capitalism.html … Article tries (unsuccessfully) to condemn all PE, and capitalism generally, using Payless as the case study. But, some points raised are worth reflection and beg for nuance. PE is not a monolith. Here goes...
-
-
Piles of debt, a short shot clock, and high pressure create some phenomenal outcomes and a lot of lives destroyed. There’s a better way. Use less/little debt. Hire operators, not financiers, to run companies. Treat people as you'd want to be treated. Think long-term.
Prikaži ovu nit -
To achieve this, sellers have to care more about who buys their company and what they do with it. LPs have to find GPs they can trust and lower their short-term return expectations. GPs must stop creating heads-I-win-tails-you-lose situations and aim to get rich slowly.
Prikaži ovu nit -
If this sounds fanciful, you're probably right. Cynicism is usually accurate in the short term. But, we've tried to implement these ideas
@adventur_es and, so far, it's working. Are we doing things perfectly? Oh, hell no. But, we're trying and open to feedback. Fire away.Prikaži ovu nit
Kraj razgovora
Novi razgovor -
-
-
The Anglo-American business model MUST reform. Your tweets point to a new path...thank you.
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
-
Čini se da učitavanje traje već neko vrijeme.
Twitter je možda preopterećen ili ima kratkotrajnih poteškoća u radu. Pokušajte ponovno ili potražite dodatne informacije u odjeljku Status Twittera.