Guests: Brendan Ballou, Dan Glickberg, Hannah Howard, Sachin Khajuria
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This episode examines the private-equity industry through the lens of Brendan Ballou’s book, which argues that the sector’s business model prioritizes short-term gains and debt loading at the expense of consumers and workers. The discussion also features perspectives from former industry insider Sachin Khajuria and individuals affected by private-equity acquisitions, such as Hannah Howard and Dan Glickberg.
Signal
- Explored the strategic use of corporate complexity and opacity to obscure private-equity operations from public scrutiny and regulatory oversight.
- Examined the argument that private-equity firms leverage their financial power to shift pension obligations and bankruptcy risks onto quasi-government agencies and employees.
- Questioned the narrative that private equity is an “alternative” investment, highlighting its mainstream presence in schools, healthcare, and housing markets.
- Compared the current regulatory environment to the Progressive Era, suggesting that historical constraints on trusts can serve as a blueprint for modern reform.
- Outlined the role of political lobbying and the revolving door between government service and private-equity leadership in shaping favorable industry laws.
Participants
- Host: Stephen Dubner
- Guests: Brendan Ballou, Dan Glickberg, Hannah Howard, Sachin Khajuria
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