By Walt Hickey Welcome to the Numlock Sunday edition. Each week, I'll sit down with an author or a writer, behind one of the stories covered in a previous weekday edition for a casual conversation about what they wrote. This week, I spoke to Josh Kosman who wrote “
Private Equity killing jobs? What about the $5 TRILLION in BBB rated bonds floated by insiders to pump share prices and make EPS higher not based on R&D, better product, more efficient manufacturing or innovation. Just greed. The bonds lock up in the next recession. Company blows up when bonds get re-rated, no pension fund can invest, or hold junk, so the must dump and market freezes. "Chainsaw Al" looks like a piker compared to Boeing execs.
Private Equity killing jobs? What about the $5 TRILLION in BBB rated bonds floated by insiders to pump share prices and make EPS higher not based on R&D, better product, more efficient manufacturing or innovation. Just greed. The bonds lock up in the next recession. Company blows up when bonds get re-rated, no pension fund can invest, or hold junk, so the must dump and market freezes. "Chainsaw Al" looks like a piker compared to Boeing execs.
Great story. Actually two great stories. What’s that old saying? “The Devil is in the details.”