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."
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.