Private Equity at Work: When Wall Street Manages Main Street
| Author | : | |
| Rating | : | 4.69 (598 Votes) |
| Asin | : | 0871540398 |
| Format Type | : | paperback |
| Number of Pages | : | 396 Pages |
| Publish Date | : | 2013-11-27 |
| Language | : | English |
DESCRIPTION:
and Visiting Professor in the Management Department, University of Leicester, UK.ROSEMARY BATT is the Alice Hanson Cook Professor of Women and Work at the Industrial and Labor Relations School, Cornell University.. EILEEN APPELBAUM is senior economist at the Center for Economic and Poli
Economist Eileen Appelbaum and Professor Rosemary Batt carefully evaluate the evidenceincluding original case studies and interviews, legal documents, bankruptcy proceedings, media coverage, and existing academic scholarshipto demonstrate the effects of private equity on American businesses and workers. Are these firms financial innovators that save failing businesses or financial predators that bankrupt otherwise healthy companies and destroy jobs? The first comprehensive examination of this topic, Private Equity at Work provides a detailed yet accessible guide to this controversial business model. Private equity firms have long been at the center of public debates on the impact of the financial sector on Main Street companies. These include policies to improve transparency and accountability, as well as changes that would reduce the excessive use of financial engineering strategies b
From Booklist Deregulation of the financial markets and investor thirst for higher profits have given an enormous boost to private equity financiers. A dense but accessible look at a little-understood sector of the financial markets. --Vanessa Bush . They clearly explain how private equity investments differ from publicly traded companies and explore their impact on the broader U.S. economy, particularly because so many pension funds are investors in private equity deals. Finally, Appelbaum and Batt recommend changes in public policy to reduce incentives that overburden companies with debt and to promote greater transparency in such deals. Yet because they are not publicly owned, private equity firms have little transparency or accountability. They explore the impact of private equity deals on the labor market as more and more acquired companies are encouraged to reduc
Private Equity Firms: Angels or Sharks? Serge J. Van Steenkiste Eileen Appelbaum and Rosemary Batt show with much conviction how much influence private equity (PE) firms have acquired through their ownership and control of Main Street companies across the US economy. Ms. Appelbaum and Ms. Batt also cover PE firms operating abroad whenever appropriate for the understanding of their examination of PE.To their credit, Ms. Appelbaum and Ms. Batt don't ch. a bit dry but the Kindle edition is good value Applebaum and Batt begin with a success story – a private equity (PE) group buys a specialist sausage maker, expands the workforce from 1a bit dry but the Kindle edition is good value Brian Probert Applebaum and Batt begin with a success story – a private equity (PE) group buys a specialist sausage maker, expands the workforce from 140 to 350 in three years and resells the company to a major foods group. However, once you read beyond the first paragraph the message is less positive and the majority of the book will be a depressing read if you are an employee of a PE-owned com. 0 to 350 in three years and resells the company to a major foods group. However, once you read beyond the first paragraph the message is less positive and the majority of the book will be a depressing read if you are an employee of a PE-owned com. "Cogent, engaging analysis" according to eco-liberal. I am twenty per cent through the Kindle version and am very impressed with the clarity of the ideas presented. It is apparent to me that PE is a means of using debt and its favorable tax treatment to leverage economic equity out of companies taken private while externalizing costs onto company employees and taxpayers. There is no benefit to society and only costs, all to benefit the PE p