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Private equity buyouts and crack

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Mitch Ratcliffe spotted a column published ealier this month on the FT. The article, written columinst John Plender, proposes that a leveraged buyout of Microsoft by private equity bankers would be a good thing. As Mitch points out, this scenario would be a good thing for the private equity bankers and er, that's pretty much it.

I can't see the whole article (behind a paywall) but from the citation Mitch provides I think I can help Mitch out on his question around what was being smoked at the FT that day - it begins with a 'c' and it rhymes with smack.

Comments

  • Anonymous
    August 28, 2006
    I can't believe that no one caught up with the fact that was pure satire, with a scary-real-financial-cowboy-world tinge.

    Don't you think?

    P.
  • Anonymous
    November 27, 2007
    PingBack from http://feeds.maxblog.eu/item_675780.html