@ajsadauskas @aj @latestagecapitalism They didn’t fuck up: they extracted value to enrich the people they were meant to enrich. This is private equity working exactly as designed.
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Name a more iconic trio. private equity firms and a failing business.
@slazer2au @ajsadauskas Trump and failing casinos
trump and failling… he has driven to the ground a lot more than casinos, you know?
@ajsadauskas @latestagecapitalism Private equity is a cancer that needs to be eradicated from the world by any means necessary.
Agreed - every time I have been involved with a company sold to private equity, and unfortunately that's twice. Over a short span of years they squeeze what they can and then run it into the ground. Look at Ed Lampert who tanked Sears for the real estate value.
@ajsadauskas @latestagecapitalism this is not the first time DJs has gone belly up
They didn't fuck up shit! That is what these things do it's their whole business model. Like the fucking mob. They run up tons of debt cash out and move on to their next victim.
Nowhere in the news I came across the info about private equity. News are morally bankrupt.
Totally on board with the hate but maybe you might think about how pretty much every department store chain has collapsed in the last 20 years...
Oh I see it's a fake account bot circle jerk post.
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