Private equity is a fancy name for a simple operation. Big dealmakers round up billions, buy companies, strip them down, add debt and resell. Done right, it can add efficiency to the US economy. Done right or wrong, it can and often does put billions in the pockets of the dealmakers.
Last Friday, one of the biggest, the Blackstone Group, went public at a $38 billion dollar valuation. Its bigwig's tax rate - fifteen percent - like that of the poorest Americans. Now, even some big investor voices worry that private equity is on a bad track for the whole country.
Listen to a discussion on On Point about the billionaire's club of private equity.
Do you worry that mega private buyouts may be great for the dealmakers -- really great -- but bad for the economy? Has your company been touched by the titans of private equity? What happened?
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