Question
The New York Times had a fascinating story on how Payless Shoes, a thriving retailer, was done in by private equity investors. Payless is not
The New York Times had a fascinating story on how Payless Shoes, a thriving retailer, was done in by private equity investors. Payless is not a stray example. You can read about how Sears and Toys R Us, two iconic American retail brands were run to the ground by investment fund owners who were so arrogant they did not even know what they didn't know -- but continued to ruin the businesses over many years. Do a balanced review of private equity in US business. What is its principal advantage, and what is its principal disadvantage (from the perspective of the economy as a whole)?
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