Monster, Inc?: Private Equity  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8769 (Jan. 2012), page 10-11.
Topik: Private equity; Capitalism; Politics; Public opinion; Wealth; Economic conditions

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.70 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The public has never loved the way that private-equity titans make a buck--or billions. But now that Mitt Romney's career at Bain Capital, a buy-out firm, is fodder for his Republican rivals, it has become fashionable to demonize private equity as "vulture" capitalism and "worse than Wall Street". Do Mr Romney and his ilk deserve such opprobrium? Two charges are generally made against private equity. The first is that it plunders companies and slashes jobs. The other, underscored this week when Mr Romney released his tax returns, is that private-equity executives are obscenely rich in part because they do not pay enough tax. Private-equity firms claim to make money by taking over poorly managed companies, improving their performance and selling them on. Often that involves cutting jobs. At a time when American unemployment is stuck at a worryingly high level, this has made private-equity firms a target for anger from both Republicans and Democrats. Yet the direct employment losses that result from private-equity deals are not as large as critics claim.

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