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How Much Does Private Equity Impact Performance?
Pe: I think we as a society are massively misallocating resources in overpaying the top people. By aggregating all the economics in such a sliver of the company, we would all be better off as investors. Private equity is all about alining incentives and driving change. That's what the industry was founded on. And if we could put that to work on some key socita problems, which will also deliver better returns.