Praise be to Carlyle Group,
For the live events business they scoop,
A sale could come true,
What a splendid view,
A two-billion dollar grand swoop!

#carlylegroup #nepgroup #liveevents #businesssale #ode #poetry

https://www.reuters.com/markets/deals/carlyle-owned-nep-explores-sale-2-bln-live-events-business-sources-2023-09-07/

“A 2021 nursing home study published by the National Bureau of Economic Research [..] showed nursing homes owned by private equity firms experienced 10 % more resident deaths than occurred in facilities not owned by private equity. Some twenty thousand additional lives were lost at private equity–backed nursing homes during the years studied of 2005 to 2017..”

These Are the Plunderers
Gretchen Morgenson & Joshua Rosner
#privateEquity #bookstodon #nonfiction #CarlyleGroup #predatoryCapitalism

Tkacik says these books show that we're finally getting wise to PE. Back in the Clinton years, the PE critique painted the perps as sharp operators who reduced quality and jacked up prices. Today, books like these paint these "investors" as the monsters they are - crooks whose bust ups are crimes, not clever finance hacks.

Take the #CarlyleGroup, which pioneered nursing home rollups. As Carlyle slashed wages, its workers suffered - but its elderly patients suffered more.

27/

Nina Lakhani: A leading private equity firm claimed to be a climate leader – while increasing emissions: The Carlyle Group’s 2011-22 greenhouse gas footprint was roughly equivalent to Alaska’s ‘carbon bomb’ Willow drilling project

#CarlyleGroup #greenwashing #ClimateChange
https://www.theguardian.com/environment/2023/apr/27/carlyle-group-carbon-emissions-doubled-climate-leadership-claims

Anyone considering the Virginia gubernatorial election to be a defeat of neocons/Democrats/deep staters/progressives is being naive & ignorant. #carlylegroup