March 30 “Private Equity Friend or Foe”

Private Equity owned companies in the U.S. employ over 20% of all working adults. You may think that they're our friends for providing so many jobs, but the reality is much more complex and darker and deeply destabilizing to our fragile democratic republic of the United States. They are shielded from providing financial transparency, corporate governance transparency, and all reporting requirements by the SEC. They have special tax breaks that other more mundane corporations don't have. They buy up the competition, driving out innovation, driving down wages, and reducing American competitiveness.  They have long time horizons and can embrace technological risk better than publicly traded corporations and make wealthy individuals even wealthier. They are known for spectacular failures such as Toys R Us, Sears, Radio Shack, and TGI Fridays. They are known for their success in buying businesses and then, after steering them through a transition of rapid performance improvement, selling them for a heady profit.  Friend or Foe?  Our guest Speaker is John Veneruso.

Adult Discussion Group will be meeting in person @ 9:45 AM in Thoreau’s Clark Cabin except on the third Sunday of each month when we will meet in the Sanctuary @ 11 AM.

The AC and HEPA filter will be running to keep Clark Cabin & the Sanctuary as safe as possible.

For those that prefer: We will provide ZOOM via the OWL system when we meet in the cabin & our Moderator Tamara will recognize your hand up and add you to the queue.

Thoreauvians and friends will be notified each week (tuucannounce@groups.io) of our ADG topic, time and zoom login.
Please keep an eye out for our notices.

Interested in joining this discussion? Get in Touch!