Reply to Negative association careers for me - PE, ‘family’ law (divorce) attorney. These careers disgust me

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I bet half of the people on here don’t even understand PE. I’m in it and people think we’re like the 80s corporate raiders. There are some firms like that but those are mostly bottom feeders. We generally buy up small companies who were not able to access capital due to their size or lack of performance or who have retiring owners/founders. We always keep the former owners as partial minority owners. We put all the employees on incentive plans with small ownership stakes. We generally try to roll up a few small companies together before exiting but often don’t exit. We get economies of scale in our inputs as the companies grow and are generally able to cut non-personnel costs by up to 30%, thus increasing the bottom line a lot. I’m not sure what is so awful about that? Several of our purchases would have shut down at the founders retirement had we not purchased them. [/quote]

Is that what you tell yourself?

PE has been awful across the board - for both employees and consumers. You are vampires.

There is no value added by PE. You are vulture parasites. You destroy brands, innovation, creativity, careers, livelihoods.

Load the company with debt. Cash in. And exit.

You wreck a lot of lives for your bonus. I don't know how you live with yourself.  [/quote]

New poster here.   Agree on the whole yes that happens and it’s wrong.  My company’s investment mandate is different.  And we are very happy to balance mission and margin, share some financial outcomes with the employees that create it, and still deliver superior risk adjusted returns to the pensioners, city employees, teachers, firefighters etc who count on us for their retirement.

So yes, I sleep just fine, thank you! [/quote]

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