Originally published at: Tom the Dancing Bug: Lucky Ducky gets private equitied! | Boing Boing
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Excellent work, Ruben! This is the best explanation of the vulture capital business model of companies like Bain and KKR since this clip:
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Having been private equitied, I don’t find this amusing. I can attest that It is incredibly accurate.
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Using a private equity loan to buy 51% control, then transferring the loan debt to the company sounds like a fraudulent swindle of the 49% stockholders.
I mean, Musk and Frenemies bought out all the Twitter stockholders, so they can do what they want, but otherwise it sounds like a loophole that shouldn’t be legal.
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Nothing there. I just see a blank page instead of a comic. Could it be that was a link to some other site like Twitter?
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The same. Show full post shows nothing, and the link leads to an empty post.
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The page got private equitied…
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