In just over 2 minutes, former Labor Secretary Robert Reich teaches us how private equity managers become “obscenely rich”… Following is the text -each point followed with my take (in red)… I want to offer you a cleaner (and clearer) insight into “the magic of private equity”… This is not my defense of a particular candidate, or a particular private equity firm,justmy effort to help you read between the lines… Enjoy!
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