Good description. I would add that the private equity firm also collects a consulting fee from the original company. People hate it because it is a rigged game. Company is successful, Bain makes money; company goes under, Bain still makes money. Behold, one of your "job creators."
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Not sure about movies, but they do remake American TV shows in China. They are obvious, and poorly produced copies.
Good description. I would add that the private equity firm also collects a consulting fee from the original company. People hate it because it is a rigged game. Company is successful, Bain makes money; company goes under, Bain still makes money. Behold, one of your "job creators."
According to wikipedia, he quoted himself as having said it in his autobiography.