Wednesday, October 27, 2010

Private equity

Malcolm Gladwell looks at private equity and the the rescue of General Motors : The New Yorker:
"That seems about right: car companies stand or fall, ultimately, on the strength of their product, and teaching a giant company how to build a quality car again is something that can’t be done on the private-equity timetable. The problem is that no private-equity manager wants to be thought of as a mere financial engineer."

No comments: