Private equity is like the academics of business. Plenty of opinions on what should be done but no experience in actual execution.
Worse than that. I don't recall a university professor ever unnecessarily leveraging up a company that employs 50,000, paying themselves and special dividend, and then watching it declare bankruptcy when they hit a bump in the road.
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This is exactly why PPP should have (and did) excluded PE funds. We bent over backwards to save jobs, at a significant expense. PE “fiduciary duty” would have them act otherwise. Not judging, but that’s their reality versus most all other small biz owners.
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I feel you on sentiment, but I'm not sure how we could make this happen execution wise. What is "private equity" you know?
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