US EditionPrivate Equity Vampires Suck
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Private Equity Vampires Suck
“I’m here to increase your efficiency.” (Image: Getty)Six years ago, Megan Greenwell was ensconced in a fulfilling job as the editor of the popular sports and culture site Deadspin. Then, a private equity firm bought the company. What followed was one of the modern era’s most excruciating demonstrations of finance guys fumbling their way to a media industry disaster via incompetent meddling. Greenwell quit, followed shortly thereafter by the res…
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