[rsynnott]

Incidentally, has there ever been a leveraged buyout that wasn’t a disaster? Presumably there must be some which are a success at least for the buyer, or people wouldn’t keep doing it, but it really doesn’t seem to have a great track record for anyone involved, as a strategy.

[HDThoreaun]

Yes, private equity has been incredibly successful in the last decade. Usually not overpaying to buy a $44 billion dollar company though.