Can Uber Ever Deliver? Part Two: Understanding Uber’s Uncompetitive Costs
Why Uber is the taxi industry’s high cost producer and cannot grow into profitability.
Read more...Category Archives: Private equity
Can Uber Ever Deliver? Part One – Understanding Uber’s Bleak Operating Economics
Uber’s financials statements and economics shows a complete lack of progress towards profit and no reason to expect significant improvement.
Read more...Trump Starts Revealing His True Colors: Government by Plutocrats, For Plutocrats
The outlines of how Trump will govern are emerging from the fog, as revealed by his Cabinet picks. As expected, there is a lot not to like.
Read more...Mississippi Legislators Vote for Corruption by Voting to Make All Government Contracts Secret
This while Mississippi ranks 49th in state corruption.
Read more...CalPERS Considers Cutting Out Private Equity Firms, Making Direct Investments in Companies
CalPERS is considering a bold move, that of bringing private equity in house to reduce egregious fees and improve net returns.
Read more...Private Equity Energy Funds Did So Badly They Might Have to Do the Unthinkable – Pay Clawbacks
Clawbacks, a provision meant to protect investors, seldom work as advertised. Investors might get better terms as the defects become obvious.
Read more...How Your State and Local Tax Dollars Paid for Private Equity Firm TPG’s Elton John Appearance
Yet another example of how private equity operates by its own set of self-serving rules.
Read more...Private Equity Consultant Hamilton Lane Trots Out New Excuse, “Evil Populists,” for Already-Flagging Private Equity Performance
Funny how it’s OK for defenders of the 0.1% like Hamilton Lane to blame class warfare on their soon-to-be-fallen standing, but not the 99%.
Read more...Nomi Prins: Hillary Clinton Will Continue the Big Bank Protection Racket
Hillary Clinton has apparently never met a well-heeled banker she didn’t like….
Read more...Why Not Listening to Naked Capitalism Is a Mistake (and We Mean You, CalPERS)
How your support has helped us get CalPERS to pay attention and shape up even when most assuredly didn’t want to.
Read more...Blackstone’s Tony James Touting What Looks Like Hillary’s Scheme to Gut Social Security
Hillary’s mandatory retirement savings accounts are a twofer: a way to replace Social Security over time and enrich private equity and hedgies.
Read more...New York Pension Regulator Shellacks State for Overpaying for Hedge Fund Underperformance, Enabling Private Equity Fee Secrecy
This is Naked Capitalism fundraising week. 794 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what […]
Read more...Naked Capitalism: Getting Through the Stupids to the Important
How Naked Capitalism is the antidote to media short-termism that otherwise allows powerful interests to control information flows.
Read more...Earth to Regulators: If You’re Going to (Hopefully) Ding John Stumpf, Don’t Miss Henry Kravis, Leon Black, et al.
Now that the press is focusing on executives who oversaw stealing, people like Leon Black are even more deserving targets than John Stumpf.
Read more...Even CalPERS Admits Private Equity Returns Are Fizzling
Like second marriages, private equity has become a triumph of hope over experience.
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