What Does the Corporate Buyout Boom Mean?
by IANTHE JEANNE DUGANThe Wall Street Journal Online, July 27, 2007
Link to article
“Private-equity firms, which say they bring sorely needed financial discipline to poorly run companies, have been slashing costs and extracting profits at warp speed. As the cycle of buying and selling companies has intensified, life in the trenches can be unstable and traumatic.Private-equity firms, which say they bring sorely needed financial discipline to poorly run companies, have been slashing costs and extracting profits at warp speed. As the cycle of buying and selling companies has intensified, life in the trenches can be unstable and traumatic. …”
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August 14th, 2007 at 5:31 pm
I am so sad to read that more people are losing their jobs, and in turn, their productive lives are interrupted, while salaries of CEOs and corporate profits soar.