Category Archives: Private equity

The Death of the Engineer CEO: Evidence that Short-Termism and Financialization Had Become Ascendant

A look at how some turning points in the history of Corporate America, such as CEO changes of guard, explain how America hollowed itself out.

“How Does OpenAI Survive?”

Ed Zitron explains in gory detail why OpenAI looks like the mother of all bezzles.

Pitchbook Report Attempting to Defend Private Equity Role in Healthcare Suffers from Fundamental, Fatal Analytical Flaw

A recent report from Pitchbook commits data crimes in attempting to depict private equity management of healthcare companies as benign.

Private Equity Becomes Roach Motel as Public Pension Funds and Other Investors Borrow As Funds Remain Tied Up

Oopsie! Private equity firms are hanging on to investor money for an unseemly amount of time! What to do?

Corporate Landlords’ Profits Soar as Tenants Drown in Rent Hikes and Fees

Cheerleading about a flat CPI ignores the housing, with tenants generally and the ones with corporate landlords not getting relief

New York Cannabis Program Becomes Field Day for Private Equity Exploitation, Including Predatory Loans, Overpriced Leases to Store Owners

Staffers red-flagged inflated costs and default risks for startup cannabis retailers —to be ignored by officials keen to get money flowing

The War Racket in Germany

What happens when everyone starts to believe in the con?

Italy Pipes Up Against NATO Escalation as Court Ruling Could Cut Off Russian Gas Sooner Than Expected

Italy also faces major energy squeeze from Red Sea crisis. Will opposition to Project Ukraine solidify or will Rome go along as it usually does?

Private Equity Seeks to Foist Companies It Can’t Sell on Employees

Oh noes! Private equity is finding it hard to find buyers for all those deals it bought when interest rates were low!

Kentucky Retirement Systems Plaintiffs Seek Repayment from KKR Entities of Misappropriated $137 Million Plus Interest and Punitive Damages, Totaling $771 Million….Oh, and An Accounting Too

The Tier 3 Plaintiffs in the long-running public pension case, Kentucky Retirement Systems, are fast off their marks with a blockbuster filing.

Game Finally On! Judge Denies Key Motions to Dismiss in Kentucky Retirement Systems Litigation, Subjecting KKR, Blackstone, PAAMCO, and Top Financiers Henry Kravis, George Roberts, Steve Schwarzman, and Tomlinson Hill to Discovery

The much-delayed Kentucky Retirement System cases are finally moving forward, causing heartburn to some top names on Wall Street.

US Strategy for Great Power Competition: More Graft and Hope for Wonder Weapons

Venture capital and private equity are playing a larger role in the military-industrial complex leading to even more corruption, lack of accountability and the swallowing up of young minds by the Silicon Valley money pit.

Will the American Oligarchy Accept Limits or Choose World War Three?

Putin has said Ukraine conflict is existential threat to Russia, but there are signs the Western capitalist class is dealing with their own existential crises. Will their greed get us all killed?

Financial Times Tells CalPERS Not to Go Further Into the Private Equity Haunted House

The Financial Times debunks private equity flim-flammery even as CalPERS and others sign up for more.