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The Buyout Of america:How Private Equity Is Destroying Jobs and Killing the american Economy
[Paperback - 2010]
josh kosman
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Category: Business
Sub-category: Economics
Additional Category: Finance & Investing
Publisher: Portfolio | ISBN: 9781591843696 | Pages: 288
Shipping Weight: .261 | Dimensions: 5.55 x .74 x 8.4 inches

Description

An authoritative exposé of the mysterious and potentially dangerous world of private equity.

Marquee private equity firms such as Blackstone Group, Carlyle Group, and Kohlberg Kravis Roberts have grown bigger and more powerful than ever. They have also become the nation's largest employers through the businesses they own. Journalist Josh Kosman explores private equity's explosive growth and shows how its barons wring profits at the expense of the long-term health of their companies. He argues that excessive debt and mismanagement will likely trigger another economic meltdown within the next five years, wiping out up to two million jobs.

He also explores the links between the private equity elite and Washington power players, who have helped them escape government scrutiny. The result is a timely book with an important warning for us all.

About the Author

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