“We’ve Been Sold a Story That Isn’t Remotely True”: How Private-Equity Billionaires Killed the American Dream

Megan Greenwell resigned as editor in chief of Deadspin on her last day.

She wrote a scathing essay about her former bosses at the private-equity firm Great Hill Partners .

Greenwell 's new book, Bad Company: Private Equity and the Death of the American Dream , is about four people before, during, and after private equity.

Most of the biggest retail bankruptcies between 2012 and 2019 were private-equity-owned companies.

There’s a narrative that private equity exists to rescue distressed companies and maximize shareholder value.

But research shows that 20% of companies acquired by private equity enter bankruptcy within 10 years compared to 2% of other companies.

A study found that in three years after a hospital’s private-equity acquisition, the rate of preventable medical issues increased significantly.

In Wyoming , after Apollo Global Management bought two hospitals and combined them into one, all sorts of terrible things happened.

I think we will start to see more of that kind of progress, because I don't think the number of catastrophes is likely to slow anytime soon.