What is private equity for?

posted by
February 1, 2012
Adam Smith Institute
by Sam Bowman  
Posted in Commentary

"Following his landslide win in the Florida primary election last night, it now seems certain that Mitt Romney will be the Republican party's presidential nominee. Romney will be the first presidential candidate to have spent most of his career in the financial sector, specifically private equity, a sector many view with suspicion and fear. Romney's opponents have made much of the fact that he succeeded at his job by 'firing people.' Although I'm not much of a Romney fan, this is a slur caused mainly by the confusion surrounding private equity." (02/01/12)

http://www.adamsmith.org/blog/economics/what-is-private-equity-for  

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