The fishy death of Red Lobster
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The fishy death of Red Lobster
1–10 of 540 posts
Re: The fishy death of Red Lobster
#2Watching private equity take over and subsequently destroy businesses is so frustrating! This is a story that comes up again and again and there isn’t yet the overwhelming backlash that’s necessary to stop it. I highly recommend the book “Plunder: private equity’s plan to pillage America” for an extremely cogent overview of the entire situation. https://www.goodreads.com/book/show/62874267
Re: The fishy death of Red Lobster
#3Watching private equity take over and subsequently destroy businesses is so frustrating! This is a story that comes up again and again and there isn’t yet the overwhelming backlash that’s necessary to stop it. I highly recommend the book “Plunder: private equity’s plan to pillage America” for an extremely cogent overview of the entire situation. https://www.goodreads.com/book/show/62874267
Similar story with Sears. Bought by a real estate investor who didn't care about running the stores that much...
Re: The fishy death of Red Lobster
#4Watching private equity take over and subsequently destroy businesses is so frustrating! This is a story that comes up again and again and there isn’t yet the overwhelming backlash that’s necessary to stop it. I highly recommend the book “Plunder: private equity’s plan to pillage America” for an extremely cogent overview of the entire situation. https://www.goodreads.com/book/show/62874267
Something I don't understand is why private equity would destroy a business they themselves own.
It doesn't make any sense - they paid billions for Red Lobster, they made some money, they could make even more by having a viable business.
If this were a publicly owned company I could understand outrage, but it's privately owned, the owner presumably isn't interested in losing money. What's his motivation for taking these steps that are "obviously" bad?
Re: The fishy death of Red Lobster
#5Shrimp - the cockroaches of the ocean.
I never eat the stuff including lobster (non allergic) but one time I was relocated to Germany to help ship a new software release (English technical documentation) and was invited to a meal with my colleagues and his family.
Out comes a big bowl of shrimp for everybody with the skins and feet and antlers on - think we had a language misunderstanding.
Not wanting to offend and send it back - did not even know how to disassemble it - ate a few and back at the hotel you know what happened :).
Re: The fishy death of Red Lobster
#6Shrimp - the cockroaches of the ocean. I never eat the stuff including lobster (non allergic) but one time I was relocated to Germany to help ship a new software release (English technical documentation) and was invited to a meal with my colleagues and his family. Out comes a big bowl of shrimp for everybody with the skins and feet and antlers on - think we had a language misunderstanding. Not wanting to offend and s…
you fondly reminisced about a wonderful meal?
Re: The fishy death of Red Lobster
#7Watching private equity take over and subsequently destroy businesses is so frustrating! This is a story that comes up again and again and there isn’t yet the overwhelming backlash that’s necessary to stop it. I highly recommend the book “Plunder: private equity’s plan to pillage America” for an extremely cogent overview of the entire situation. https://www.goodreads.com/book/show/62874267
Can we place blame on the people who sell their firms to private equity firms?
Re: The fishy death of Red Lobster
#8Watching private equity take over and subsequently destroy businesses is so frustrating! This is a story that comes up again and again and there isn’t yet the overwhelming backlash that’s necessary to stop it. I highly recommend the book “Plunder: private equity’s plan to pillage America” for an extremely cogent overview of the entire situation. https://www.goodreads.com/book/show/62874267
Similar story with Sears. Bought by a real estate investor who didn't care about running the stores that much...
Wait until you hear about Thames Water and Maquarrie in the UK.
https://www.theguardian.com/business/2023/jul/10/as-thames-w...
Re: The fishy death of Red Lobster
#9Watching private equity take over and subsequently destroy businesses is so frustrating! This is a story that comes up again and again and there isn’t yet the overwhelming backlash that’s necessary to stop it. I highly recommend the book “Plunder: private equity’s plan to pillage America” for an extremely cogent overview of the entire situation. https://www.goodreads.com/book/show/62874267
Something I don't understand is why private equity would destroy a business they themselves own. It doesn't make any sense - they paid billions for Red Lobster, they made some money, they could make even more by having a viable business. If this were a publicly owned company I could understand outrage, but it's privately owned, the owner presumably isn't interested in losing money. What's his motivation for taking th…
Not certain, but I would guess it is to do with investment horizons and getting a 10x return on the money they put in to return to their fund, rather than 1x revenue per year.
Re: The fishy death of Red Lobster
#10I need to resurrect my idea of a list of companies (especially ones that manufacture goods) that are owned by Private Equity so people can avoid them.
In most cases, the brand name stays the same but the quality falls off a cliff.