Private Equity basically a Conglomerate in Drag

That the Head of this 'Private' Equity firm openly states how he controls the CEOs of the companies he controls gives away the fact that PE firms basically are Conglomerates in drag and should never have been allowed to slip under the regulatory mantel designed to protect retail investors from fraudulent investment firms. As a consequence PE promoters enjoy unfair advantages with respect to tax, corporate governance (esp corporate compensation), transparency, treatment of staff and clients. No wonder the universe of listed companies is shrinking fast - and will accelerate if regulations are not changed - FAST!
(6-Dec-2019)
Marketwatch