Private equity earned a reputation as a ruthless and lucrative business. But over the past few years, large groups have been doing something that seems like the opposite of their cutthroat image: giving equity worth hundreds of thousands of dollars to the ordinary workers at the companies they own. Antoine Gara, the FT’s US private & institutional capital correspondent, explains how these payouts make business sense for private equity firms – and help soften their tough image.
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For further reading:
Workers getting share in windfalls as private equity firms soften image
Private equity groups’ assets struggling under hefty debt loads, Moody’s says
Blackstone plans to list some of its largest investments
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Read a transcript of this episode on FT.com
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