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Predatory Value Extraction Turns the World - Dr. Bill Lazonick, UMass Economics/AIRnet, #314

The DemystifySci Podcast

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Junk Bonds and Corporate Restructuring

This chapter examines the financial crisis of the 1970s, emphasizing the rise of junk bonds fueled by failing conglomerates. It highlights the evolution of corporate finance, particularly the role of leveraged buyouts facilitated by KKR and the emergence of a shareholder value mentality. Additionally, the chapter addresses the aggressive tactics used by investors to manipulate company operations and labor costs, transforming the dynamics of the corporate landscape.

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