PEs as villains

While private equity bosses may have negatively impacted numerous companies and lives, is a black-and-white portrayal with no shades of grey justified?

These Are the Plunderers: How Private Equity Runs – and Wrecks – America 

Authors: Gretchen Morgenson & Joshua Rosner

Publisher: Simon & Schuster

Pages: 324

Price: Rs 1,299

The authors of this highly engaging book dislike the private equity (PE) industry and particularly their chieftains immensely. And they have written a readable, no-holds-barred but lopsided narrative of a key component of our business ecosystem.

The authors portray the PE bosses as rich villains of Wall Street who have ruined countless companies and lives. It is a black-and-white portrayal with no shades of grey. Gretchen Morgenson is a veteran financial reporter who won a Pulitzer