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The cover of These Are the Plunderers: How Private Equity Runs and Wrecks America

These Are the Plunderers: How Private Equity Runs and Wrecks America

Gretchen Morgenson, Joshua Rosner

What do leveraged buyouts really do to companies, workers and the public?

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At a glance

Author
Gretchen Morgenson, Joshua Rosner

Why read it

  • You will understand why nursing home residents took some of the gravest hits when buyout firms owned their homes during COVID
  • You will learn to ask who really profits from your pension's investments, after union pension holders accused buyout executives of enriching themselves at their expense
  • You will judge the claim that buyouts raise efficiency against the critics who said they reward short term fixes

Who it is for

  • A pension fund member curious who manages their savings
  • A worker or patient affected by a corporate buyout
  • A voter following debates on financial regulation

Contents

  1. INTRODUCTION “Money-Spinning Machines” Let the Looting Begin
  2. A Note to Readers
  3. CHAPTER ONE “Pizza the Hut” Leon Black and the Art of the Fleece
  4. CHAPTER TWO “Greed Is Good” The Plunderers Come for the American Middle Class
  5. CHAPTER THREE “Project Savior” The Politician Who Gave Leon Black His Big Start
  6. CHAPTER FOUR “I Really Need to Understand What You Do” One Woman Against the Machine
  7. CHAPTER FIVE “The Fire Sale Approach” How One of the Greatest Giveaways Came About
  8. CHAPTER SIX “No Boy Scout” Plunder’s Many Rewards
  9. CHAPTER SEVEN “The Real Players” Skating from the Crime Scene
  10. CHAPTER EIGHT “Strong Enough to Stand On” Savaging an American Powerhouse Called Samsonite
  11. CHAPTER NINE “We Have 2,500 Families That Depend on Us Getting It Right” Bleeding New Madrid, Missouri, Dry
  12. CHAPTER TEN “Capitalism on Steroids” No Lusher Target Than Healthcare
  13. CHAPTER ELEVEN Call to Action Went Unheeded Standing By While Corporations Practice Medicine
  14. CHAPTER TWELVE “Like When Hitler Invaded Poland in 1939” A Special Tax Treatment That Mints Billionaires
  15. CHAPTER THIRTEEN “Money for Nothing” Investigators Home In on Fleecers’ Fees and Practices
  16. CHAPTER FOURTEEN “Oppressing Indigenous People” Bulldozing Through Our Wetlands
  17. CHAPTER FIFTEEN “Hiding in the Background, Rarely Held to Account” Mining for Medicare Gold
  18. CHAPTER SIXTEEN “Special and Symbiotic” Apollo Goes Back to Its Roots
  19. CHAPTER SEVENTEEN “No Evidence of Wrongdoing” Leon Black Makes His Exit
  20. Conclusion Who Will Stop the Bleeding?

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