> On Jun 10, 2017, at 11:46 AM, Anne & Lynn Wheeler <l...@garlic.com> wrote: > > private equity owned companies are under intense pressure to cut corners > and do what ever is necessary to generate profits for their owners. In > the case of outsourced security clearances, they were found to be > filling out the paper work and not actually doing the background checks. > Companies in private equity mill are sometimes compared to "house > flipping", except rather than paying off the mortgage as part of the > flip, the loan to buy the company stays on the company's books after the > sale. Combination of factors contribute to over half of corporate > defaults are companies that are in (or previously in) the private equity > mill. > http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?_r=0 > <http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?_r=0>
I don’t want to say this but it is appropriate here. Sounds like the Trump Administration. Sorry had to say it. Ed ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
