Seeking profits is what drives private business. But there have to be moral and ethical rules to contain this powerful motive. When a narrow group of people and their anonymous backers in the financial investment community treat employees and the wider public in a way that raises questions they put the whole Private Equity business model under a cloud. After all, the business operates under rules set by legislation and these rules can and should be altered when the model produces one-sided results. (12-March-2017)
Yesterday, the SEC posted this Section 21(a) report, detailing an
investigation by the Enforcement Division, with support from Corp Fin, into
whether the a...
1 day ago
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