Kraft Heinz cut expenses too deeply under private equity management, its new CEO says

[Farmer-Rick]

20. That was a thorough documentation

There's a lot of terms used to describe private equity firms. Vulture Capitalism was coined for private firms like Bain Capital. That was Mitt's vehicle of corporate destruction.

But with hospitals, private equity was responsible for losing most of our surge capacity in our healthcare. That's why hospitals couldn't meet the demand during COVID. To bankers and elite capital investors back up capacity is just money waiting to be pocketed.

"The impact of private equity ownership is notable in specific sectors. In manufacturing, private equity-backed companies accounted for 60% (3 of 5) of the largest bankruptcies.

In the largest consumer discretionary bankruptcies, private equity-backed companies account for 71.43% (5 of 7), including brands like Joann Fabrics, At Home, and Claire’s. "https://pestakeholder.org/reports/private-equity-bankruptcy-tracker/

That site has a lot of good info about private equity firms involved in a huge number of business bankruptcy.