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Appetite for (Creative?) Destruction
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2012 U.S. presidential candidate Mitt Romney, job cuts by private equity, and job creation
07/25/2011
Grouped Articles
Wall Street Journal 07/25/2011
Debate on Economics Turns to Character
Wall Street Journal 11/10/2011
After Mitt Romney Deal, Company Showed Profits and Then Layoffs
New York Times 11/12/2011
New York Times 11/12/2011
New York Times 12/08/2011
Play of the Week: The Business of America Is....;Job Cuts?
Wall Street Journal 12/24/2011
Carlyle private equity firm's performance
01/10/2012
Grouped Articles
Carlyle Fund Walloped in Commodities Rout
Wall Street Journal 08/01/2015
Clients of Carlyle Hedge Fund Seek to Pull Out Nearly $2 Billion
Wall Street Journal 08/18/2015
Carlyle Finds Hedge Funds Hazardous as Its Private Equity Business Dominates
New York Times 08/27/2015
Carlyle-Owned Hedge-Fund Firm Hands Investors a Big IOU
Wall Street Journal 10/29/2015
Carlyle founders reaped nearly $138 million each in 2011 - The Washington Post
Washington Post 01/11/2012
The peculiar debate over Mr. Romney’s business record - The Washington Post
Washington Post 01/11/2012
IPO's and Buyout exits for Private Equity firms.
10/14/2009
Grouped Articles
RailAmerica IPO Augurs Ill for Buyout Exits
Wall Street Journal 10/14/2009
Private Equity Finds Life After Debt
Wall Street Journal 11/11/2010
That IPO Pop? Majority of 2011 U.S. Listings Are Underwater
Wall Street Journal 09/15/2011
After Mitt Romney Deal, Company Showed Profits and Then Layoffs
New York Times 11/12/2011
May Day Looms Large For Groupon
Wall Street Journal 12/28/2011
Asia Clogged by Backlog of IPOs
Wall Street Journal 12/28/2011
Private equity buyout firms and unemployment in the U.S.
11/26/2008
Grouped Articles
Buyout Firms Profited as a Company’s Debt Soared
New York Times 10/05/2009
The peculiar debate over Mr. Romney’s business record - The Washington Post
Washington Post 01/11/2012
New York Times 01/10/2012
As Romney Advances, Private Equity Becomes Part of the Debate
New York Times 01/10/2012
Mitt Romney, Bain Capital and the gospel of ‘creative destruction’ - The Washington Post
Washington Post 01/12/2012
How Private Equity Strangled Mervyns
BusinessWeek 11/26/2008
Risky bank lending to private equity and hedge funds and higher leverage in the U.S. -2009-2010.
01/19/2009
The return to risky investments and lending of financial institutions in the USA, as the 2008-2009 financial crisis recedes after heavy government intervention.
Grouped Articles
Hedge Funders Are All a Little Nuts
Wall Street Journal 08/27/2013
A Recent Surge of Leveraged Loans Rattles Regulators
New York Times 11/04/2014
The Private Equity Firm That Grew Too Fast
New York Times 04/24/2015
Citadel’s Ken Griffin Leaves 2008 Tumble Far Behind
Wall Street Journal 08/04/2015
Wasted Opportunity: Hedge Funds Falter
Wall Street Journal 01/02/2016
Banks' Loans To Funds Are Back at Levels Before Crisis
Wall Street Journal 01/09/2010
The loss of jobs under private equity
11/26/2008
Simmons and Mervyns are examples of loss of jobs and overloading companies with debt by private equity ending in bankruptcy. The debt crisis of 2008 made carrying large debt loads of the kind used by private equity dangerous because of the difficulty of finding financing. According to Standard and Poors/LCD Group private equity loaded $741 billion onto firms balance sheets between 2005 and 2008. Debt soared with the low interest rates and high liquidity environment preceding the crisis. In the 2008 financial crisis many of these companies with high debt loads went bankrupt- 66 of 105 companies that went into bankruptcy that year were under private equity firms according to Capital IQ. Private Equity can also operate in the manner of venture capital as in the Staples investment by Bain Capital. Jobs created in retail firms in this case are lower wage less skilled jobs.
Grouped Articles
How Private Equity Strangled Mervyns
BusinessWeek 11/26/2008
Mitt Romney and our overdue debate about capitalism - The Washington Post
Washington Post 01/12/2012
The Benefits of Bain Capitalism
New York Times 01/14/2012
Appetite for (Creative?) Destruction
Wall Street Journal 01/13/2012
One Way to Look at Private Equity
New York Times 01/17/2012
Romney Unveils Own Income-Tax Rate: 15%
Wall Street Journal 01/18/2012
Blackstone group private equity
05/17/2005
Grouped Articles
Gray Shines in Blackstone's Succession Plan
Wall Street Journal 01/31/2014
Blackstone’s Deal With G.E. Highlights Its Real Estate Holdings
New York Times 04/12/2015
Blackstone Gains From Banks’ Financial-Crisis Pain
Wall Street Journal 01/22/2016
Blackstone Earmarks $1 Billion For Investment Fund in India
Wall Street Journal 05/17/2005
China Puts Cash To Work in Deal With Blackstone
Wall Street Journal 05/21/2007
BusinessWeek 06/04/2007
Carlyle Private Equity.
10/14/2009
Grouped Articles
Carlyle Fund Walloped in Commodities Rout
Wall Street Journal 08/01/2015
Clients of Carlyle Hedge Fund Seek to Pull Out Nearly $2 Billion
Wall Street Journal 08/18/2015
Carlyle Finds Hedge Funds Hazardous as Its Private Equity Business Dominates
New York Times 08/27/2015
Carlyle-Owned Hedge-Fund Firm Hands Investors a Big IOU
Wall Street Journal 10/29/2015
RailAmerica IPO Augurs Ill for Buyout Exits
Wall Street Journal 10/14/2009
Cheap Debt Fuels Private Equity Revival
New York Times 10/28/2010
Mitt Romney and the private equity/consulting practices of Bain Capital at medical equipment company, Dade Behring
11/12/2011
Bain Capital originanted the the merging of management consulting with private equity, for consulting firms to take equity ownership in companies seeking a turnaround. The practice of loading the company with debt, and taking out capital for the investors through a sequence of policy actions, even if this led the company to bankruptcy, became the hallmark of this kind of investing. In most cases this led to large layoffs, was adverse to building human talent in the company, as it was designed solely around generating large and early payoffs for investors. Goldman Sachs was the private equity partner for Bain Capital in the Dade company investment.
Grouped Articles
After Mitt Romney Deal, Company Showed Profits and Then Layoffs
New York Times 11/12/2011
New York Times 11/12/2011
New York Times 12/08/2011
Play of the Week: The Business of America Is....;Job Cuts?
Wall Street Journal 12/24/2011
New York Times 01/02/2012
Wall Street Journal 01/04/2012
Private equity in 2010-2011
11/11/2010
Grouped Articles
Private Equity Finds Life After Debt
Wall Street Journal 11/11/2010
After Mitt Romney Deal, Company Showed Profits and Then Layoffs
New York Times 11/12/2011
Private-Equity Firms Forced to Evolve
Wall Street Journal 01/06/2012
New York Times 01/05/2012
The peculiar debate over Mr. Romney’s business record - The Washington Post
Washington Post 01/11/2012
New York Times 01/10/2012
Sales of distressed real estate loans by banks to private equity firms in 2011-2012
12/24/2010
As banks financial condition improves in late 2010, and interest from private equity, a greater willingness to sell distressed real estate loans to private equity firms.
Grouped Articles
Apollo Swoops In On Bank's Fire Sale
Wall Street Journal 12/24/2010
After Mitt Romney Deal, Company Showed Profits and Then Layoffs
New York Times 11/12/2011
Private-Equity Firms Forced to Evolve
Wall Street Journal 01/06/2012
New York Times 01/05/2012
The peculiar debate over Mr. Romney’s business record - The Washington Post
Washington Post 01/11/2012
New York Times 01/10/2012
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