Is this a fair depiction of what Sycamore did with their Staples buyout (good luck making that happen haha)?pic.twitter.com/B6KEQ5BkaU
Show this thread
-
If you own a company you can do anything you want with it financially, subject only to restraints from creditors. If the creditors aren't complaining why complain on their behalf?
It could be argued that the laws that allow this are destructive to society in the form of unnecessary job loss. I would also say it sets a terrible example. These guys make A LOT OF MONEY. Should our best and brightest be doing this instead of engineering, computer sci, etc.?
-
-
Why does this apply to PE specific shenanigans? VC tends not to involve debt yet still leads to rich people and job turnover.
-
If job loss is the issue, if you're claiming companies undervalue job permanence, that's a standard externality which can be addressed by, say, higher taxes on new employees that goes down over time. If making lots of money is an issue, raise the marginal tax rates. Why PE?
- 10 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.