Private equity is a simple concept — a PE firm uses some combination of money and debt to buy a company, then makes a profit — but the reality of what happens to the companies that get acquired is anything but. It's everywhere, and it's not going away. In this summer remix, we're talking with Brendan Ballou, author of Plunder: Private Equity’s Plan to Pillage America, about how we got here and what happens next.

Links:

Private equity bought out your doctor and bankrupted Toys“R”Us — here’s why that matters | The Verge
Private equity and mismanagement: Here's what really killed Red Lobster | Fast Company
Sony and Apollo send letter expressing interest in $26 billion Paramount buyout | NBC News
Plunder: Private Equity’s Plan to Pillage America | Brendan Ballou
Barbarians at the Gate: The Fall of RJR Nabisco | Bryan Borrough & John Helyar
Barnes & Noble is going back to its indie roots to compete with Amazon | The Verge

Credits:

Decoder is a production of The Verge, and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Callie Wright.

The Decoder music is by Breakmaster Cylinder.

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