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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What is PE?[/quote]

Thank you!  People, use your words.[/quote]

PE = Private Equity. These are firms that buy all the small businesses in an area/ industry to corner the market, then jack up prices, diminish services (often by firing the employees with the most experience bc they earn the highest salaries,) and generally "do more with less". That's their motto and they think it sounds financially savvy, but we all know it looks like higher cost of less services. You're seeing this in dentists and veterinarians, funeral homes and crematoriums. It's sometimes hard to tell when a small local business has been gobbled up by PE, because they keep the branding to make it look like it's business as usual.

For another fun PE trick, look at Red Lobster. Private equity's sale of the land the restaurants were on, which was then leased back to the company at high cost, requiring them to take on debt to pay it, pushed the entire chain into bankruptcy. But it's ok! The PE bros got paid first. Don't worry about [i]them.[/i] [/quote]

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