Sometimes Side Effects Can Be Good Things 0
Such as this possible side effect of Romney’s sense of entitlement to the Presidency:
Attacks by opponents portraying Bain Capital LLC, Romney and other buyout managers as corporate looters who enrich themselves at the expense of ordinary workers have put a spotlight on the industry that will affect negotiations about future investments,
(snip)
“Private-equity managers’ wealth and tax rates are on display at a time when pensions are getting squeezed,” said Joseph Alejandro, treasurer of the New York City Patrolmen’s Benevolent Association. “Public investors should raise questions about whether the business is overly generous for managers. I hope the renewed attention on the industry will lead to discussions on fees and greater controls like claw-backs.”
The more scrutiny they get, the worse they are going to look.
The shadows are their best friends.
