In our PEU fractal world patterns repeat themselves at varying levels. Two private equity underwriter (PEU) IPO filings revealed the extent to which the greed/leverage boys avoid taxes. On a national level
The Carlyle Group paid a miniscule tax rate. That pattern
repeated locally with Hirschfeld Industries, an affiliate of PEU Insight Equity.
I wonder if PEU insider Josh Lerner
will study this phenomenon at his Private Capital Research Institute. Doubtful.
I'm glad Josh didn't steal my trade moniker for the industry, Private Equity Capital Knowledge Executed Responsibly (PECKER). It fits.
