Get ready for an eye-opening conversation with Gretchen Morgenson, a veteran financial journalist with a wealth of experience in the industry. In this episode, Gretchen takes us behind the scenes of Wall Street and shares her insights on the evolution of financial journalism. We discuss the critical need for accountability in an era where investigative units are dwindling. Join us as we explore the complexities of private equity and its impact on the broader financial landscape. From controversial practices like asset stripping to the risks associated with private credit, we delve into the hidden dangers that can arise from these strategies. Don't miss this compelling discussion that uncovers the truth about systemic financial risk.
Prepare to challenge your understanding of private equity as we explore the controversial practice of asset stripping. With real-world examples like Red Lobster and Naranda, we uncover how private equity firms like Golden Gate Capital and Apollo use aggressive strategies that often lead to financial distress for the companies they acquire. Our guest, Gretchen Morganson, shares her expertise on these cases and highlights the broader impact on stakeholders such as local communities and pension funds. Join us as we examine the consequences of these practices and raise important questions about the health of public credit markets.
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In the final chapter of this thought-provoking episode, we delve into the intricate dynamics of private credit and its interplay with private equity. Our guest, Gretchen Morganson, sheds light on the risks associated with this market, especially in the context of rising interest rates. Drawing from her latest book, "These Are the Plunderers," co-authored with Josh Rosner, she shares alarming findings on the long-term impacts of private equity, particularly in the healthcare sector. We also discuss the challenges facing investigative journalism today and its irreplaceable value in an era dominated by AI and entertainment-focused media. Don't miss this enlightening conversation that uncovers the complexities of private equity and the urgent need for accountability.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.
Gretchen Morgenson on Uncovering the Dark Side of Private Equity