May 8, 2007
Today on bloomberg.com there is a nice article on investment funds' increasingly vocal voice in negotiating private/equity leveraged buy-outs (a topic I blogged on last week in the context of the Clear Channel deal). The article states:
Disgruntled investors are ``saber-rattling to get the price up,'' said Steven Kaplan, a professor at the University of Chicago who studies buyouts. They're also wary of company managers who ally with private-equity firms in exchange for promises of bonuses and promotions following an LBO. Some shareholders consider it a conflict of interest.
I couldn't agree more.
May 8, 2007 | Permalink
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