2 Matching Annotations
  1. Feb 2020
    1. If private-equity firms cannot be socially responsible stewards of capital, then Congress will need to act. One possible reform would involve fully taxing the advisory and other fees that private-equity investors extract from the companies they own. Another potential reform would impose restrictions on dividends paid out in the two years following a buyout. Since the current system allows private-equity firms to reap much of the positive gains from successful acquisitions, they could also be required to bear some of the liability for a company’s debt when the buyout ends in bankruptcy.
  2. Nov 2016
    1. Some Chinese media outlets have unfortunately fallen in the latter group. Guangzhou-based 21st Century Business Herald has become the second such victim in months to be mercilessly duped by the “mysterious Western art of satire”. The newspaper, one of China’s leading business newspapers, was fooled after it reported on the the Currant's Krugman story, on Sunday, on Chinese social media platform Weibo, with the headline (in Chinese): “Krugman, Nobel laureate, files for personal bankruptcy”.