Would you like to see this page in English? Click here.

 

ou
Ouvrez une session pour activer Commander en 1-Click.
 
 
D'autres produits offerts
13 neufs & d'occasion à partir de CDN$ 14.07
Vous en avez un à vendre? Vendez les vôtres ici
 
   
The Buyout Of America
 
Agrandissez cette image 
Partagez vos propres images client
Editeur: découvrez commment les clients peuvent feuilleter et chercher au coeur de ce livre.

The Buyout Of America (Hardcover)

de Josh Kosman (Author)
4.0étoiles sur 5  Voir tous les commentaires (1 évaluation de client)
Prix éditeur: CDN$ 33.50
Price: CDN$ 21.00 & se qualifie pour Livraison super-économique GRATUITE pour des commandes de plus de CDN$ 39. Détails
Vous économisez : CDN$ 12.50 (37%)
o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
En stock.
Vendu et expédié par Amazon.ca.

Seulement 4 en stock--commandez bientôt (nous en attendons d'autres).

12 neufs à partir de CDN$ 14.07 1 d'occasion à partir de CDN$ 61.98

Produits fréquemment achetés ensemble

Les clients achètent cet article avec Superfreakonomics de Steven D. Levitt

The Buyout Of America + Superfreakonomics
Prix pour les deux : CDN$ 44.19

Afficher la disponibilité du produit et le mode de livraison

  • Cet article : The Buyout Of America de Josh Kosman

    En stock.
    Vendu et expédié par Amazon.ca.
    Se qualifie pour Livraison super-économique GRATUITE pour des commandes de plus de CDN$ 39. Détails

  • Superfreakonomics de Steven D. Levitt

    En stock.
    Vendu et expédié par Amazon.ca.
    Se qualifie pour Livraison super-économique GRATUITE pour des commandes de plus de CDN$ 39. Détails

Les clients qui ont vu cet article ont aussi vu

Come Home America: The Rise and Fall (and Redeeming Promise) of Our Country

Come Home America: The Rise and Fall (and Redeeming Promise) of Our Country

de William Greider
CDN$ 13.71
Shadow Elite: How the World's New Power Brokers Undermine Democracy, Government, and the Free Market

Shadow Elite: How the World's New Power Brokers Undermine Democracy, Government, and the Free Market

de Janine R. Wedel
CDN$ 21.91
Put Option Strategies for Smarter Trading: How to Protect and Build Capital in Turbulent Markets

Put Option Strategies for Smarter Trading: How to Protect and Build Capital in Turbulent Markets

de Michael C. Thomsett
CDN$ 27.19
Chart Patterns

Chart Patterns

de Bruce M Kamich CMT
CDN$ 19.75
Lords Of Finance

Lords Of Finance

de Liaquat Ahamed
4.5étoiles sur 5 (2)  CDN$ 16.25
› Découvrez des articles similaires

Les détails du produit

Descriptions du produit

Product Description

An authoritative exposé of the mysterious and potentially dangerous world of private equity

Few people realize that the top private equity firms, such as Blackstone Group, Carlyle Group, and Kohlberg Kravis Roberts, have become the nation's largest employers through the businesses they own. Using leveraged buyouts that load their acquired companies with loans, private equity firms have generated more than $1 trillion in new debt—which will come due just when these businesses are least likely to be able to pay it off.

Journalist Josh Kosman explores private equity's explosive growth and shows how its barons wring profits at the expense of the long-term health of their companies. He argues that excessive debt and mismanagement will likely trigger another economic meltdown within the next five years, wiping out up to two million jobs.

He also explores the links between the private equity elite and Washington power players, who have helped them escape government scrutiny. The result is a timely book with an important warning for us all.

About the Author

Josh Kosman has been covering the financial industry for twelve years. He is as an editor at Mergermarket.com and a former senior writer for The Deal and senior reporter for the trade publication Buyouts Newsletter. He appears frequently in the media as a private equity and mergers expert.

Mots-clés inspirés de produits similaires

 (De quoi s'agit-il ?)
Soyez le premier à ajouter un mot-clé pertinent (fortement associé à ce produit)
 
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)

Vos mots-clés : Ajouter votre premier mot-clé
 
Voir les mots-clés les plus populaires
 

L'avis des consommateurs

1 Evaluation
5 étoiles:    (0)
4 étoiles:
 (1)
3 étoiles:    (0)
2 étoiles:    (0)
1 étoiles:    (0)
 
 
 
 
 
Évaluation du client type
4.0étoiles sur 5 (1 évaluation de client)
 
 
 
 
Partagez votre opinion avec les autres clients:
Commentaires client les plus utiles

 
1 internautes sur 2 ont trouvé ce commentaire utile :
4.0étoiles sur 5 A redefinition of "equitable", Nov. 16 2009
Par Robert Morris (Dallas, Texas) - Voir tous mes commentaires
(TOP 50 REVIEWER)    (REAL NAME)   

In the Introduction, Josh Kosman offers what he calls a "little primer" on how private equity firms operate, explaining that they "buy businesses the way that homebuyers acquire houses. They make a down payment and finance the rest. The financings are structured like balloon mortgages, with big payments due at some point in the future. The critical difference, however, is that while homeowners pay the mortgages on their houses, PE firms have the businesses they buy take out the loans, making THEM responsible for repayment. They typically try to resell the company or take it public before the loans come due." It soon gets even more interesting. "As long as the PE firms could refinance, or turn around and sell off their holdings before the biggest loan payments came due, spectacular flameout bankruptcies could be avoided...PE firms would like to have us all think the reason they try so hard to raise earnings in their businesses [by `starving companies of operating and human capital'] is so that companies can use these profits to pay down the money they borrowed to finance their own acquisitions. But the records show that during the 2003-7 buyout rush, that wasn't generally the case. Instead, they used the profits s a basis to borrow more money. The new loans, which were piled in top of the original debt taken on to finance the LBO, were used to issue dividends" to the (you guessed it) PE firms. What if all, most, or even only some of the companies collapse? No problem. The PE firms have incurred no debt while receiving dividends as well as substantial management fees. "Despite the credit crisis in 2009," Kosman notes, "PE firms are sitting on roughly $450 billion in unspent capital and itching for more deals." Of course they are. Given their circumstances, would wouldn't?

Kosman explains how and why PE firms "put their companies into crippling debt and, unlike entrepreneurs, who manage their businesses to succeed in the marketplace and grow, they manage their companies largely for short-term gains." PE firms hurt their businesses competitively by limiting their growth, cutting jobs without reinvesting the savings, do not even generate good returns for their own investors. According to Kosman, they are "about to cause the Next Great Credit Crisis," one that could leave about two million of the 7.5 million Americans who work at PE-owned companies unemployed, and more than one thousand businesses bankrupt. "Leadership is needed to rally opposition to close the tax loopholes that make this very damaging activity possible."

Kosman provides a wealth of information (financial data and statistics as well as real-world situations) to support his observations, recommendations, and especially his accusations. After reading the book and then re-reading several key passages that I highlighted, I regret that he does not include others' perpectives on the issues he raises. For example, I would appreciate sharing the thoughts of those who head the most active PE firms, of federal officials associated with relevant regulatory agencies, and of analysts who are best qualified to discuss PE firms. It seems that PE firms could play an important role in the process of what Charles Darwin characterizes as "natural selection," one from which some businesses survive (and perhaps even thrive) while others do not. Kosman asserts that these firms must not be allowed "unnatural" advantages that corrupt free market competition. Whether or not his call for action results in any significant reforms of what he calls "tax loopholes" remains to be seen.
Aidez d'autres clients à trouver les commentaires les plus utiles  
Ce commentaire vous a-t-il été utile ? Oui Non

Partagez votre opinion avec les autres clients: Créer votre propre commentaire
 
 
Rechercher uniquement sur les commentaires portant sur ce produit


Listmania!

Créer une liste thématique Listmania!

Cherchez des articles semblables par catégorie

Chercher des articles semblables par sujet























c.-à-d., chaque book doit correspondre au sujet 1 ET au sujet 2 ET ...

Commentaires

Souhaitez-vous compléter ou améliorer les informations sur ce produit ? Ou faire modifier les images?

Votre historique récent

 (En savoir plus)

Après avoir visualisé des pages détaillées produit ou des résultats de recherche, regardez ici pour trouver une façon simple de poursuivre votre navigation sur des pages qui vous intéressent.