Private equity just wants to be appreciated. A first step would be to admit that it isn’t always acting in its portfolio companies’ best interests.
During a recent Columbia Business School conference, several private equity execs talked about what a lousy job their industry does on public relations. Specifically, they bemoaned how John Q. Public still sees them as strippers and flippers, rather than value-added investors who often leave companies better than they found them.
It certainly is true that… Continue reading