Private equity firms can't sell the companies they own, so they're selling them to themselves. If you work in retail, e-commerce, or DTC, this is the canary in your coal mine, and it's singing.
It's the incentive misalignment part that kills me. Everyone in the building knows what's happening — they just can't say it out loud because their bonus is tied to the exit story (hint: there's no bonus if the business doesn't survive).
It's the incentive misalignment part that kills me. Everyone in the building knows what's happening — they just can't say it out loud because their bonus is tied to the exit story (hint: there's no bonus if the business doesn't survive).