[lbo-talk] Greenspan says Iraq about oil

Doug Henwood dhenwood at panix.com
Sun Sep 16 08:33:41 PDT 2007


On Sep 16, 2007, at 11:22 AM, 3.3.3. wrote:


> I've got a really dumb question Doug, but are Private Equity firms
> and Hedge
> Funds results of actual deregulation, or just one of those
> "innovations"
> that big fund managers use to make their money move faster and without
> oversight?

I'm always under-informed on the legal angle, so I don't really know. But in any case the shareholder revo was a response to the long decline in profit rates and financial market performance from the mid-60s into the late 1970s.


> Is this article worth reading?

Yes. Jensen is worth reading as the prime theoretician of the shareholder revolution. He evidently has some problems with the way it's turned out, though.



More information about the lbo-talk mailing list