Private Equity Warps Management Values
June 17, 2010
One of the insidious effects of the private equity industry has been to warp the values of good managers. Suddenly, these guys scent an opportunity to get rich beyond their dreams.
Time was when a good CEO or senior manager was focussed on making his company great. Great technology, great products, a leading reputation in the industry. OK, profits were nice too, growth was good and solvency was essential - but financials were not the primary concern.
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