{"product_id":"these-are-the-plunderers-how-private-equity-runs-and-wrecks-america-hardcover","title":"These Are the Plunderers: How Private Equity Runs--And Wrecks--America - Hardcover","description":"\u003cp\u003eby \u003cb\u003eGretchen Morgenson\u003c\/b\u003e (Author), \u003cb\u003eJoshua Rosner\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eWALL STREET JOURNAL \u003c\/i\u003eBESTSELLER\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003e\u003cb\u003ePulitzer Prize-winning and \u003ci\u003eNew York Times\u003c\/i\u003e bestselling financial journalist Gretchen Morgenson and financial policy analyst Joshua Rosner investigate the insidious world of private equity, revealing how it leeches profits from everyday Americans, tanks the companies it acquires, and puts our entire economic system at risk.\u003c\/b\u003e\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eMuch has been written about the widening gulf between rich and poor, the pernicious effects our deepening income inequality has on the US's well-being, and how our style of capitalism has failed to provide a living wage for so many Americans. But nothing has fully detailed the crucial role a small cohort of elite financiers has played in this dispiriting outcome over the past thirty years. Pulitzer Prize-winning journalist and bestselling author Gretchen Morgenson, with coauthor Joshua Rosner, unmask the small group of celebrated Wall Street financiers, and their government enablers, who use excessive debt and dubious practices to undermine our nation's economy for their own enrichment: private equity. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eThese are the Plunderers\u003c\/i\u003e lucidly and maddeningly traces the thirty-year history of corporate takeovers in America and private equity's increasing dominance. Morgenson and Rosner investigate some of the biggest names in private equity, exposing how they buy companies, load them with debt, and then bleed them of assets and profits. All while prosecutors and regulators stand idle. \u003cp\u003e\u003c\/p\u003eMorgenson and Rosner show how companies absorbed by private equity have worse outcomes for everyone but the financiers: employees are more likely to lose their jobs or their benefits; companies are more likely to go bankrupt; patients are more likely to have higher healthcare costs; residents of nursing homes are more likely to die; towns struggle when private equity buys the main businesses, crippling the local economy; andschool teachers, firefighters, medical technicians, and other public workers are more likely to have lower returns on their pensions because of the fees private equity extracts from their investments. In other words: we are \u003ci\u003eall\u003c\/i\u003e worse off because of private equity. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eThese are the Plunderers\u003c\/i\u003e exposes the greed and pillaging in private equity, revealing the many ways these billionaires have bled our economy, and, in turn, us.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eGretchen Morgenson is the senior financial reporter for the NBC News Investigative Unit. A former stockbroker, she won the Pulitzer Prize in 2002 for her \"trenchant and incisive\" reporting on Wall Street. Previously at \u003ci\u003eThe New York Times \u003c\/i\u003eand \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e, she and coauthor Joshua Rosner wrote the \u003ci\u003eNew York Times \u003c\/i\u003ebestseller \u003ci\u003eReckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon\u003c\/i\u003e about the mortgage crisis. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eJoshua Rosner is managing director at independent research consultancy Graham Fisher and Co., advising regulators, policymakers, and institutional investors on banking and financial markets. He has been interviewed on PBS, CBS, NBC, CNN, Bloomberg, CNBC, and Fox News, and featured in or written for \u003ci\u003eThe\u003c\/i\u003e \u003ci\u003eNew York Times\u003c\/i\u003e, \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e, \u003ci\u003e Reuters\u003c\/i\u003e, \u003ci\u003e Economist\u003c\/i\u003e, \u003ci\u003eBarron's\u003c\/i\u003e, and \u003ci\u003eHuffPost. \u003c\/i\u003eJoshua is the coauthor of the \u003ci\u003eNew York Times \u003c\/i\u003ebestseller \u003ci\u003eReckless Endangerment \u003c\/i\u003ewith Gretchen Morgenson.\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 400\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.6 x 8.9 x 6.4 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 25, 2023\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":45612418990124,"sku":"9781982191283","price":30.0,"currency_code":"USD","in_stock":false}],"url":"https:\/\/smartsupplydeals.com\/products\/these-are-the-plunderers-how-private-equity-runs-and-wrecks-america-hardcover","provider":"Smart supply deals","version":"1.0","type":"link"}