Buying to gouge
mardi 24 décembre 2019 à 01:00"Private equity" funds buy companies so as to gouge someone or use a loophole to cheat someone.
Senator Warren has proposed rules that would block the cheating. I don't see that they would block the gouging, though, whether the victims are diabetics or the US government. I suppose an additional change in law is needed for that.
I see this part of a broader destructive pattern in US business, the inclination to strip every asset as fast as possible rather than protect it for continued service. I wonder whether this is generally due to bad rules about corporate governance, reporting and finance.