Private equity

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Expose at Pennsylvania’s Biggest Public Pension Fund Reveals Lavish Private Equity Travel, But Misses How It Serves as a Bribe

Published by Anonymous (not verified) on Mon, 12/04/2021 - 7:29pm in

Pennsylvania pension fund PSERS is under the hot lights for pricey travel. And its explanations only confirm its capture by private equity.

LACERS Board Member Lambastes Lousy Private Equity Returns as More Studies Confirm Poor Performance for Decades

Published by Anonymous (not verified) on Thu, 01/04/2021 - 9:42pm in

Yet another nail in the private equity performance coffin.

Sick Unicorns: America’s Broken Start-Up System

Published by Anonymous (not verified) on Thu, 25/03/2021 - 9:49pm in

Unicorn startups are even more unprofitable than those that did not achieve unicorn status.

Fresh audio product

Published by Anonymous (not verified) on Fri, 12/03/2021 - 8:25am in

Just added to my radio archive (click on date for link):

March 11, 2021 Brianna Rennix on the condition of migrants at the US–Mexico border • Gianpaolo Biocchi on creating a social housing authority in the US (paper here, NYT article here)

Recent Judge Rakoff Decision May Curb Private Equity Leverage Abuses By Pinning Liability on Directors of Selling Company

Published by Anonymous (not verified) on Mon, 01/03/2021 - 10:03pm in

Some of the worst private equity practices, like buyers pulling out more cash at closing than they put in, were targeted by a recent ruling.

More Evidence That Private Equity Kills: Estimated >20,000 Increase in Nursing Home Deaths, 160,000 Life Years Lost Due to Cuts in Care

Published by Anonymous (not verified) on Wed, 24/02/2021 - 5:47pm in

Private equity greed knows no bounds: their nursing home acquisitions generated a "serious" rise in deaths and fall in other measures of care

Hoist on His Own Petard? Kentucky Attorney General’s Apparent Plan to Settle Landmark Pension Case Mayberry v. KKR Likely to be Undermined by Discovery

Published by Anonymous (not verified) on Sat, 20/02/2021 - 12:58am in

Kentucky Attorney General Daniel Cameron may have outfoxed himself by joining a landmark case against grifting private equity moneybags.

Criminal Tax Cheat Robert Smith of Private Equity Firm Vista Gets a Pass for Conduct Worse Than Apollo’s Leon Black, Now in Epstein Doghouse

Published by Anonymous (not verified) on Wed, 10/02/2021 - 10:20pm in

Neil Weinberg and David Voreacos published an in-depth account at Bloomberg of how private equity baron Roger Smith escaped being indicted for criminal tax fraud despite having concealed over $200 million in income. The very short version is that Smith and his allies got to Attorney General William Barr, both through Barr’s former firm Kirkland […]

Goldman Is Evil But McKinsey Is Worse

Why the McKinsey veneer is looking tattier and tattier with every passing day, and why that's not likely to change.