Bashing the Management Buyout

Management-led buyouts may be hugely popular these days, but they continue to draw skepticism in certain quarters.
In his latest column, The New Yorker’s James Surowiecki offered up his distinctly negative take on the phenomenon, writing that such transactions “create huge conflicts of interest” and are “often simply an opportunity for insiders to pick up assets on the cheap and flip them a few years later for fantastic sums.”