Private Equity at Work
- When Wall Street Manages Main Street
- Narrated by: Colleen Patrick
- Length: 17 hrs and 36 mins
- Unabridged Audiobook
- Release date: 07-01-15
- Language: English
- Publisher: University Press Audiobooks
Prior research on private equity has focused almost exclusively on the financial performance of private equity funds and the returns to their investors. Private Equity at Work provides a new roadmap to the largely hidden internal operations of these firms, showing how their business strategies disproportionately benefit the partners in private equity firms at the expense of other stakeholders and taxpayers. In the 1980s, leveraged buyouts by private equity firms saw high returns and were widely considered the solution to corporate wastefulness and mismanagement. And since 2000, nearly 11,500 companies representing almost 8 million employees have been purchased by private equity firms.
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Customer ReviewsMost Helpful
By Chance on 28-07-15
Agenda driven, bad narration
Picked this up after reading the several 5 star reviews. It the great words of Admiral Ackbar "It's a trap!" I am not sure those reviews are "arms length" if you know what I mean. Brian Probert's 3 star review seems to be the only objective one currently listed, though it seems he enjoyed it more than I could. My guess would be having the text so he could skip to the case studies is the cause for additional 2 stars. If you are unfamiliar with PE, this is certainly not a book that will give you a clear view. Writer clearly has agenda against PE. Book frames story and facts to fit this view. I really wanted to get through all the case studies but any illusion of an objective look was so quickly dispelled it seem pointless to push through. I prefer books with sufficient detail that will allow me to draw my own conclusion based on the facts rather than spoon fed a specific perspective.I hate to sound so harsh since I know most books represent an exorbitant amount of work by writers but I do feel like the banker who financed the Mervyns LBO. Misled and left with a worthless position on my books. Even more so I hate to be critical of the narration but the cadence had a robotic feel, occasionally abnormal pauses mid sentence.
3 of 7 people found this review helpful
By Amazon Customer on 18-08-17
This book wasn’t for you, but who do you think might enjoy it more?
The author, from the beginning of the book, has an agenda to misrepresent and bash private equity companies. She generalizes that all PE firms use leveraged buyouts to collect fees and bankrupt companies. Her bias comes through from page 1. I returned this book.
0 of 1 people found this review helpful