It is the golden age of the private equity underwriter (PEU).
Update 3-19-24: Welcome to the PEUniverse where Blackstone harmed kids with autism in their pursuit of outsized returns. That gets one on the cover of Forbes? Really?
My wise friend wrote after reading "Her son was doing well at a clinic serving kids with autism. Then private equity (Blackstone) took over.":
Gretchen Morgensen's article on private equity damaging the treatment of children with autism should have been followed by a thunder of outrage but not so much. The indifference from WHOM private equity extracts payment via dilution of services and treatments to the most vulnerable should have every pension, foundation, university, state demanding changes in behavior. i.e. boycott/ no business until there are changes in operating procedure by private equity.
Or are we all Gaza to the boys with the bazookas of money? Did not see all the righteous politicians defending the children? Did not hear President Biden come out to defend the children? I wonder to myself ... think of the damage they've done to the population of the whole country and yet we glorify their money? Is that the money you wanna spend on yourself ? Rolling over the children? Exploiting the parents of these children? What have we become? Fortunes built on the suffering of others and we call that winning! Exceptionalism defined? And we point to others outside our borders maybe we should clean up our house or as others have said this den of thieves.
