tag:blogger.com,1999:blog-38902647.post8203301581548967678..comments2024-03-26T05:19:42.852-04:00Comments on Professor Michael Roberto's Blog: Carlyle Group and Other Private Equity Firm IPOsMichael Robertohttp://www.blogger.com/profile/01658740999927721412noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-38902647.post-69941836027609561832012-05-13T12:21:47.997-04:002012-05-13T12:21:47.997-04:00Boy oh boy lets give warren a pat on the back for ...Boy oh boy lets give warren a pat on the back for calling private equity for what it really is. Private equity is nothing more than a blood sucking way to drain the life and vitality out of a company in order to make a fast buck. Buy a company using lots of leverage. Along with some dirty little tricks like buying quietly a majority stake in a company behind everyones back without making a tender offer along with and including buying the shares at a big discount to what they are actually worth without declaring your intentions' to deceive investors. Than declare that your taking the company private and offer as little as possible for the remaining shares which are worth twice as much money as your offering for them and than say your saving the company what a bad bad bad joke. These private equity firms will do anything to come out ahead on the bottom line. Like sell all the real estate a company owns' sell or loan out patients and copyrights' tradmarks' pit one state against another threatening to move a division of their company to another state if they do not receive a subsidy or some generous tax breaks. Sell off divisions of the company that are undervalued. Fire as many workers as you possibly can' along with cutting the wages and benifits of the remaining employees to increase the bottom line. Squeeze price concessions from loyal vendors that are heavely dependent on a large part of their sales to your company. Tell your unions its take drastic cuts in wages and benifits or else risk having your plant shut down. And finally when you bring your company public again hire that so ethical investment banking firm goldman sachs to overhype the value of your public offering to increase the amount of money you will receive when the company becomes a public company again and at that point you bail out of the stock leaving a company torn into pieces from what it originally was.jameshttps://www.blogger.com/profile/10885060049670748739noreply@blogger.com