Thomas H. Lee, Pioneer in Leveraged Buyouts, Is Dead at 78
Born into wealth, he became a billionaire in founding an aggressive Boston private equity firm. He was remembered as a “kinder, gentler” corporate raider.
Born into wealth, he became a billionaire in founding an aggressive Boston private equity firm. He was remembered as a “kinder, gentler” corporate raider.
Many former prisoners are broke until state settlements arrive. Tiding them over has become a niche market for finance firms. An investment can reap 33 percent interest.
A recent legal decision may force Wall Street to think twice before saddling struggling companies with debts they can’t handle.
Dividend recaps, a kind of borrowing long condemned for loading up companies with debt for the benefit of their private equity owners, has surged.
