Private equity funds and the pillage of Australia
Private equity funds are the bottom feeders of capital. They buy up what they judge to be undervalued companies, take a chainsaw to jobs and costs to increase the seeming value of the company in the...
View ArticlePrivate equity funds – again
This first piece is a letter I sent to the Australian Financial Review about private equity funds. The second one is a variation on that theme – a letter I sent to the Australian in response to their...
View ArticleTax rent seekers at it again
Some of may have been following what I wrote about the the private equity fund Texas Pacific Group. See for example Private equity funds and the pillage of Australia. TPG made $1.5 billion profit on...
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