Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH - Monday, 20 February 2012 [View all]xchrom
(108,903 posts)36. Vulture Capitalism Gets a Makeover
http://www.prwatch.org/news/2012/02/11306/vulture-capitalism-gets-makeover
The candidacy of Mitt Romney for President of the United States has drawn scrutiny to the practices of the "private equity" industry. Tired of being bashed as greedy "vulture capitalists," the industry has launched an effort to polish its image.
The Private Equity Growth Capital Council (PEGCC), a trade group representing many of the most powerful firms in the venture capital and private equity industry, recently announced its intention to begin a new media initiative called "Private Equity At Work" to correct what it views as "a real lack of understanding about private equity."
Private equity firms use the funds of their investors to buy up struggling companies. These companies are then retooled to enhance their perceived potential for profitability and are subsequently resold for a profit. Critics argue that private equity firms often force their corporate clients to cut jobs, increase their debt load or close solely to benefit the private equity firm's bottom line.
Steve Judge, the president and CEO of PEGCC, claims that the campaign seeks to dispel these concerns by highlighting the industry's "proven record of strengthening companies, creating jobs, and delivering impressive returns to pensions and other investors."
The candidacy of Mitt Romney for President of the United States has drawn scrutiny to the practices of the "private equity" industry. Tired of being bashed as greedy "vulture capitalists," the industry has launched an effort to polish its image.
The Private Equity Growth Capital Council (PEGCC), a trade group representing many of the most powerful firms in the venture capital and private equity industry, recently announced its intention to begin a new media initiative called "Private Equity At Work" to correct what it views as "a real lack of understanding about private equity."
Private equity firms use the funds of their investors to buy up struggling companies. These companies are then retooled to enhance their perceived potential for profitability and are subsequently resold for a profit. Critics argue that private equity firms often force their corporate clients to cut jobs, increase their debt load or close solely to benefit the private equity firm's bottom line.
Steve Judge, the president and CEO of PEGCC, claims that the campaign seeks to dispel these concerns by highlighting the industry's "proven record of strengthening companies, creating jobs, and delivering impressive returns to pensions and other investors."
Edit history
Please sign in to view edit histories.
75 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
What Lies In Store For The "Cradle That Rocks The World" - A History Lesson In Crisis
Demeter
Feb 2012
#9
Lloyd Blankfein Seen Lunching In Boca With A Certain Former President Joe Weisenthal, Julie Zeveloff
Demeter
Feb 2012
#16
84 Percent of San Francisco Foreclosures Fraudulent--Why are Bankers Still Getting Away with Crimes?
xchrom
Feb 2012
#40
Goldman Sachs ex-programmer freed from prison and another under investigation
TalkingDog
Feb 2012
#43