Saturday, February 24, 2007

Corporate Buccaneers in UK

FromCorporate Buccaneers... in the Guardian:
" "It is about extracting as much as you can as quickly as you can," says Karel Williams at Manchester Business School. "It is part of a broader series of changes in capitalism. These intermediary groups, like private equity and hedge fund managers, are able to enrich themselves in ways thought unimaginable a few years ago.

"The ultimate question is whether this behaviour becomes normalised and accepted. This is a socio-cultural change. The culture of naked self-interest among private equity managers is characteristic of the elites in third world countries." "

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