We're Entering a Golden Age of Podcasts

Re:We're Entering a Golden Age of Podcasts by pmoriarty on Thursday February 21, 2019 @03:40PM (#19220370)

So what incentive do they have for "rape and pillage" of companies if they ruin them and themselves in the process?

[ Parent | on HN ]

Re:We're Entering a Golden Age of Podcasts by Spooky23 on Thursday February 21, 2019 @06:42PM (#19221739)

Because the partners collect big fees on the way in and out.

Toys R Us is a great example. The PEG people invested 20%, dumped the debt on the Toys R Us balance sheet, and yielded at least $200M in fees. They are also able to harvest paper losses to offset taxes.

[ Parent | on HN ]

Re:We're Entering a Golden Age of Podcasts by pmoriarty on Thursday February 21, 2019 @07:27PM (#19222000)

Pardon my ignorance, but who's paying their fees, and why would anyone pay fees to people who ruin companies and pocket fees for doing a poor job?

[ Parent | on HN ]

Re:We're Entering a Golden Age of Podcasts by Spooky23 on Friday February 22, 2019 @09:50AM (#19225760)

The acquired company. The people running the company are the people collecting the money.

Why would they do so? They are “turning the company around!”.

[ Parent | on HN ]