| Description |
1 online resource (280 pages) |
| Bibliography |
Includes bibliographical references (pages [227]-267) and index. |
| Contents |
How private equity started -- The next credit crisis -- Doctoring customer service -- Lifting prices -- Starving capital -- Plunder and profit -- Leaving little to chance -- A different approach -- The next great European credit crisis -- What's next? -- Handling the fallout. |
| Summary |
An authoritative expose of the mysterious and potentially dangerous world of private equity Few people realize that the top private equity firms, such as Blackstone Group, Carlyle Group, and Kohlberg Kravis Roberts, have become the nation's largest employers through the businesses they own. Using leveraged buyouts that load their acquired companies with loans, private equity firms have generated more than $1 trillion in new debt?hich will come due just when these businesses are least likely to be able to pay it off. Journalist Josh Kosman explores private equity, explosive growth and shows how its barons wring profits at the expense of the long-term health of their companies. He argues that excessive debt and mismanagement will likely trigger another economic meltdown within the next five years, wiping out up to two million jobs. He also explores the links between the private equity elite and Washington power players, who have helped them escape government scrutiny. The result is a timely book with an important warning for us all. |
| Note |
Description based on print version record. |
| Subject |
Private equity -- United States.
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Leveraged buyouts -- United States.
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Credit -- United States.
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Financial crises -- United States.
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| Genre |
Electronic books.
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| Other Form: |
Print version: Kosman, Josh. Buyout of America. New York : Portfolio, 2009 9781591842859 (DLC) 2009019877 (OCoLC)318411513 |
| ISBN |
9781101150054 (electronic bk. : Adobe Digital Editions) |
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110115005X (electronic bk. : Adobe Digital Editions) |
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9781101152386 (electronic bk. : Adobe Digital Editions) |
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1101152389 (electronic bk. : Adobe Digital Editions) |
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