Private equity, an infection that is eating the world

It’s a good way of assuaging and suffocating any vestiges of moral guilt. It gets harder to do as you age, primarily because you look at the next generation coming along and cannot fail to see the macro impact of the moves and shakes you made as part of the overall executive phalanx - and particularly, how short-term profit does not tally with long-term benefit. By the time you’re 60, it’s just too self-evident. Then you either go with it, or confess you’ve been duped - which is hard to do when you’ve been at the top.

But then, aging brings forgetfulness, and the whisky-sipping comfort of arguing your side without having to justify yourself, because, you know, “who cares”.

Guitar Center is one thing, but the medical, old-age, education businesses; they’re quite another.

I hear ya!

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Isn’t Guitar Center wholly-owned by Bain Capital, which itself is privately held, nu?

Or are we talking about some other time?

Bain Capital is owned by Grabbit, Leggit and Runne.

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Ah, I guess so. Apologies, especially to @flyoverland on that point.

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