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The Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy (Paperback)

The Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy By Josh Kosman Cover Image
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Description


An authoritative exposé of the mysterious and potentially dangerous world of private equity.

Marquee private equity firms such as Blackstone Group, Carlyle Group, and Kohlberg Kravis Roberts have grown bigger and more powerful than ever. They have also become the nation's largest employers through the businesses they own. Journalist Josh Kosman explores private equity's explosive growth and shows how its barons wring profits at the expense of the long-term health of their companies. He argues that excessive debt and mismanagement will likely trigger another economic meltdown within the next five years, wiping out up to two million jobs.

He also explores the links between the private equity elite and Washington power players, who have helped them escape government scrutiny. The result is a timely book with an important warning for us all.


Product Details
ISBN: 9781591843696
ISBN-10: 1591843693
Publisher: Portfolio
Publication Date: November 30th, 2010
Pages: 288
Language: English