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In reply to the discussion: Kraft Heinz cut expenses too deeply under private equity management, its new CEO says [View all]LuvLoogie
(8,709 posts)18. Well they are fucking up the housing market for both renters and would be owners.
Also fucking up municipal water utilities and healthcare. Pretty much anything in the commons they will raid and commoditize. Why? They don't build anything or create anything. They drain labor and asset equity and leverage debt. Suckers, skimmers, and price fixers. They will saddle their brands with cost-cut derived debt to undercut independent competition, then buy/raid those independent brands if they fall under pressure. It's all for stock bump, which they raid as well then bail.
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Kraft Heinz cut expenses too deeply under private equity management, its new CEO says [View all]
BumRushDaShow
Yesterday
OP
Yep, they buy the companies with loans under the companies names. Loans that pay the "Private Equity" owners. Then
LiberalArkie
Yesterday
#8
Wikipedia actually has some other examples that fell on the sword (or are in process of such) of PE firms
BumRushDaShow
Yesterday
#27
Well they are fucking up the housing market for both renters and would be owners.
LuvLoogie
Yesterday
#18
The term "buzz-word world" is so perfect to describe the madness in both private and the business world.
walkingman
Yesterday
#2
Weird Al Yankovic wrote a song about it (one of my recent faves from him)
BumRushDaShow
Yesterday
#10
Does that mean they're going to rehire all the employees in Pittsburgh that got laid off?
FakeNoose
Yesterday
#6
Some quick googling showed the company started putting a lot of emphasis on AI a couple of
highplainsdem
Yesterday
#12