Thursday, January 12, 2012

Quotation for Today: Private Equity, Still An LBO Firm

"Being known as a leveraged-buyout-deal shop wasn't the most attractive label out there. Private equity has a much nicer ring to it."
Colin Blaydon

Indeed, the private equity moniker has a far nicer and misleading sound to it than leveraged-buyout (LBO) firm, but the sordid history is the same.

Colin Blaydon is the director of the Center for Private Equity and Entrepreneurship at Dartmouth's Tuck School of Business.

Hamilton, Walter. "Private-equity industry: A bad rep, but is it deserved?"  Los Angeles Times 12 January, 2012: online edition.

Related information:

Hechinger, John. "Education According to Mike Milken." Businessweek 2 June, 2011: online edition.

The Sordid History:

Ivan Boesky

Michael Milken

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