Activity

Faced with all this pressure, over the course of 2020, Gores and Securus announced a number of new measures. They would give away $3 million to reduce recidivism and improve prisoner reentry,64 they would continue to reduce the cost of calls,65 and Gores himself would give away his personal profits…

Republican and Democratic administrations both worked eagerly for forty years to make possible the growth of private credit and private equity firms’ role within it. In 1982, for instance, the Securities and Exchange Commission (SEC) under President Reagan issued Regulation D, through which compani…

As described in the introduction of this book, most of the $6.1 billion that Carlyle paid for ManorCare—$4.8 billion—was borrowed, while the firm and its investors put up the remainder. Carlyle’s first major move, in 2010, was to sell ManorCare’s real estate to another investment firm for over $6 b…

After she was laid off, Reinhart became active in the Dead Giraffe Society, a Facebook group of former Toys “R” Us employees named for the company’s mascot, Geoffrey the Giraffe.121 With the assistance of the organizing group United for Respect, Reinhart and others began to advocate for better trea…

But why go through this whole process at all? Why would Friendly’s declare bankruptcy, just to be sold from one Sun Capital fund to another? The answer was simple: pensions. At the time of bankruptcy, Friendly’s had $115 million in pension liabilities.92 By selling Friendly’s to one of its affiliat…