Glass House: The 1% Economy and the Shattering of the All-American Town (Brian Alexander)
The Worthy House (Charles Haywood)
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The Agency Problem in Private Equity Firms
In 1982, Carl Icahn bought a block of stock in Anchor Hockey and threatened that he would try to replace management. David Frum: The Icahn episode demonstrates a key underlying structural problem with all corporate entities. He says managers who are fat, lazy, and stupid stay in charge until private equity forces changes.Frum: Such sclerosis was before extreme globalization wiped out our industrial capacity.
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