Summary of These Are the Plunderers by Gretchen Morgenson
How Private Equity Runs—and Wrecks—America
Description of the book
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Summary of These Are the Plunderers by Gretchen Morgenson : How Private Equity Runs—and Wrecks—America
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Gretchen Morgenson and Joshua Rosner investigate the insidious world of private equity, revealing how it leeches profits from everyday Americans, tanks companies it acquires, and puts our entire economic system at risk. They show how companies absorbed by private equity have worse outcomes for everyone but the financiers, such as employees losing their jobs, companies going bankrupt, patients having higher healthcare costs, residents of nursing homes dying, towns struggling, and public workers having lower returns on their pensions. These are the Plunderers exposes the greed and pillaging in private equity, revealing the many ways these billionaires have bled our economy and us.
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80 PagesFormat:
Language:
English