
The Essays of Warren Buffet
Mindware
Corporate Leveraged Buyouts - How to Make a Profit From Leverage Buyout LBOs
Leveraged buyouts have some favorable effects as well as unfavorable effects on long term efficiency, he says. LBO operators' incentives to bid high do not end with real advantages derived from tax law, TAPT writes. "Do we really want entire corporate businesses as important social institutions continuously traded like quarterly contracts?" asks Westgown's Richard Zomenak.
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