Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

They pioneered the modern private equity playbook. Ultimately, they're largely responsible for transitioning the economy based on driving productivity through innovation, to driving "productivity" (if you can call it that) through financial engineering. Absolute evil.


> pioneered the modern private equity playbook

No? That began with the LBO boom meeting the management consulting wave. Berkshare Hathaway are the last vestige of the conglomerate era if anything.


Yes while he often called PE evil things like the disastrous Heinz merger were classic PE moves. Incredible stupid and value destroying.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: