Private equity buyouts and crack
Mitch Ratcliffe spotted a column published ealier this month on the FT. The article, written columinst John Plender, proposes that a leveraged buyout of Microsoft by private equity bankers would be a good thing. As Mitch points out, this scenario would be a good thing for the private equity bankers and er, that's pretty much it.
I can't see the whole article (behind a paywall) but from the citation Mitch provides I think I can help Mitch out on his question around what was being smoked at the FT that day - it begins with a 'c' and it rhymes with smack.
Comments
- Anonymous
August 28, 2006
I can't believe that no one caught up with the fact that was pure satire, with a scary-real-financial-cowboy-world tinge.
Don't you think?
P. - Anonymous
November 27, 2007
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