Elizabeth Warren's private equity plan seeks to strip industry of riches

[Yo_Mama_Been_Loggin]

Elizabeth Warren wants to force private equity executives to eat their own cooking.

The Democratic senator and candidate for president issued a proposal this week that would link the profits at private equity firms to the success -- or failure -- of the companies they buy and sell. She also proposed limiting certain tax breaks.

“It is more of an industry-destroying proposal,” said Steve Biggar, an Argus Research Corp. analyst who covers Blackstone Group Inc., Apollo Global Management LLC and KKR & Co. “If firms like Blackstone and KKR can’t do this, in a free market someone less regulated will pick up the slack.”

Warren’s plan seeks to rein in private equity firms, which she said often act like “vampires” in their acquisitions by “bleeding the company dry and walking away enriched even as the company succumbs.”

https://www.msn.com/en-us/money/markets/elizabeth-warrens-private-equity-plan-seeks-to-strip-industry-of-riches/ar-AAEzRQq?li=BBnbfcN

If she's going after vulture capitalists I'm just fine with that.

[Vogon_Glory]

1. We should start naming the corporate victims of LBO Capitalism

Toys R Us

Sears

Many, many more.

[mr_lebowski]

2. What a bullshit headline + immediately quoting a friggin' Private Equity industry analyst

And wording that headline in such a way the reader will think it's 'all industry' like manufacturers (which is what most people think of as 'industry') rather then 'the private-equity industry' which I'm pretty sure is what he meant.

The MSM f***ing sucks.