02784cam a2200337 i 4500 774327543 TxAuBib 20230526120000.0 230412s2023||||||||||||||||||||||||eng|u bl2023014863 9781982191283 HRD 30.00 1982191287 HRD 30.00 TxAuBib rda Morgenson, Gretchen, author. These are the plunderers [BOOK] : how private equity runs -- and wrecks -- America / Gretchen Morgenson and Joshua Rosner. First Simon & Schuster hardcover edition. New York : Simon & Schuster, 2023. x, 383 pages : color illustrations ; 23 cm. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references (pages 329-383). Pulitzer Prize–winning journalist and bestselling author Gretchen Morgenson, with coauthor Joshua Rosner, unmask the small group of celebrated Wall Street financiers, and their government enablers, who use excessive debt and dubious practices to undermine our nation’s economy for their own enrichment: private equity. These are the Plunderers traces the thirty-year history of corporate takeovers in America and private equity’s increasing dominance. Morgenson and Rosner investigate some of the biggest names in private equity, exposing how they buy companies, load them with debt, and then bleed them of assets and profits. All while prosecutors and regulators stand idle. Morgenson and Rosner show how companies absorbed by private equity have worse outcomes for everyone but the financiers: employees are more likely to lose their jobs or their benefits; companies are more likely to go bankrupt; patients are more likely to have higher healthcare costs; residents of nursing homes are more likely to die; towns struggle when private equity buys the main businesses, crippling the local economy; andschool teachers, firefighters, medical technicians, and other public workers are more likely to have lower returns on their pensions because of the fees private equity extracts from their investments. These are the Plunderers exposes the greed and pillaging in private equity, revealing the many ways these billionaires have bled our economy, and, in turn, us. Provided by publisher. 20230526. Private equity United States. Private equity Social aspects United States. Private equity funds United States. Income distribution United States. United States Economic conditions. Rosner, Joshua, author.