this post was submitted on 19 Aug 2024
1496 points (99.0% liked)
memes
10406 readers
1604 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If you ever watch CompanyMan on youtube, it's like 90% of all "The Fall of [Company]" involves either going public and then rapidly expanding, or "acquired by private equity firm then died in 5 years"
Its like the saying, the definition of insanity is doing the same thing over and over again and expecting different results.
By far the worst one is always the private equity/leveraged buyout. It always ends in failure for the company.
What happens to the company doesn't matter. What matters is what happens to the people making the buyout decision. If they can pad their wallets then who cares about what happens to the company?
It's supposed to end in failure due to having all the money squeezed and sucked out of the company.
I hate that cliche'd, untrue, glurgey phrase with a passion. But your point is good.