So the thing you have to understand about private equity is this: Things are only sacred in the corner of their vision. They may think marriage is sacred, but only if they're not looking into LexisNexis acquisitions of divorce proceedings private documents. They may think abortion is wrong, unless they're dealing with the companies spicing up heartbeat tracks for optimal maternal reluctance to abortion (in either direction, the state decides how to spice the tracks up, I think they're spiced-up tracks that are synched to a spyced up rendition of ventrical pulsing, it's shitty. Sometimes it's real but that doesn't get the percentages desired).
They may think they are good, but when the chips are down, they are invariably bad. Just bad, why would I put it any other way? What word do you want me to use instead, how do you want me to water it down?
But when the chips are up they're great! They have all this money, *donate* to *causes*, like the museums of New York and Philips [Exeter/Andover], their alma mater, and a list of non-profits the public never hears about because they're too elite, it's not that they don't give. They give. And sometimes they do pull off business miracles, they're super sharp guys, very hard-nosed buttoned down, great students, if an industry requires getting shaken up they'll really shake it up.
They're a rebranding of leveraged buy-outs from the 80's, they gut companies.
Which companies sometimes need. Like appendicitis or colectomy (removal of colon, should be called colonectomy but doctors are avid boggle players), like in cases of cancer.
But, private equity eats what it cuts, so there's a...there's a conflict of interest, I guess you could say. You could say "conflict of interest" instead of "bad".