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A comment on We're Entering a Golden Age of Podcasts. Parent comment

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.

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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?
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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!”.

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