How to kill private stocks companies and societies

Today, I am talking to Megan Greenwell, a former editor in Wireless and Deadspin, About her new book Bad Company: Special stocks and the death of the American dream. He – she It comes out on June 10It is a banned narration of how private shares exceed the influence of failed companies and strongly affects and transforms the lives of ordinary Americans.

Decoder It is a large extent on the systems and frameworks that explain technology, politics and business, which means that we talked about private stocks several times in the offer. Special stocks are everywhere around the commercial scene, although their massive impact on how many companies work is very hidden from view.

But once you see it, you start noticing this everywhere, and it is extremely difficult to check that many people have similar experiences with companies run by private stocks. I know that, because in our numbers and the comments we get here Decoder – Our king 2023 episodes with lawyer and author Brendan Palo On his book on private stocks, lootingIt is one of our most popular rings.

Megan’s interest in private stocks came from her experience as an editor -in -chief DeadspinThe site of the famous and luxurious sports and culture now. Deadspin Be GookerAnd Gooker He was It was seized by a private stock company called Great Hill PartnersWhich started immediately The microscopic lead Deadspincontent. It was when Megan realized for the first time that the goals and financial results of the private stock company were very separate from the goals and financial results of the companies they seized.

Megan’s book is a deep diving in the private stock industry, as it was expressed in four parts of the economy: retail, media, housing, and perhaps the most crazy – health care. My family has a lot of doctors in it, and I heard a lot about how to change the private health care shares in the United States. Megan will hear the points between the appreciation of health care and the bad experiences that many people enjoy with health care today.

We also spent some time talking about the history of private stocks, and the dividing line from the real estate world in New York City, which gave birth to Donald Trump to the private stock industry today. I think you will find that there is a sudden amount of history here really helps in explaining not only how the incentives of financing may dominate the American way of life, but also how it leaks to the highest levels of government. Perhaps the most surprising, you will hear that Megan takes great pain to distinguish between private stocks from investment capital, which is completely different – and very different problems.

I always enjoy talking to other editors, especially about something curious about it. Let me know what you think about this one. I think you will have a lot to say.

If you want to read more about what we talked about in this episode, check the links below:

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