DesertRatt
All Bark, No Bite!
Private Equity firms are the global enforcers of EFFICIENT USE OF CAPITAL. They hunt for and dismantle any inefficient use of capital. This process destroys art, skill, craft, tradition, quality, loyalty, variety, and tradition. <----- The stuff that makes life interesting!The whole private equity buying out places and killing them things is really interesting. At first it didn't make sense to me how killing a company could be good. Even selling off assets was odd since the sale was to fund the company running longer, but then I saw a great explanation. They take a fee on everything they do for the company. Sell off the property the buildings are on? They get a percentage of the transaction. Take out loans the companies will never be able to pay back? They get a percentage of that.
of eating SPAM.
