this post was submitted on 19 Aug 2024
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I'm not gonna look it up, but who recently bought Subway and is now cashing in on tanking it so they can sell the corpse?
If you ever watch CompanyMan on youtube, it's like 90% of all "The Fall of [Company]" involves either going public and then rapidly expanding, or "acquired by private equity firm then died in 5 years"
Its like the saying, the definition of insanity is doing the same thing over and over again and expecting different results.
By far the worst one is always the private equity/leveraged buyout. It always ends in failure for the company.
What happens to the company doesn't matter. What matters is what happens to the people making the buyout decision. If they can pad their wallets then who cares about what happens to the company?
It's supposed to end in failure due to having all the money squeezed and sucked out of the company.
I hate that cliche'd, untrue, glurgey phrase with a passion. But your point is good.
The bread bought it. It’s not an in-bread operation.