The Dark Roast of Private Equity's Influence The recent book "Money to Burn" sheds light on the investment empire built by Leon Black, cofounder and former CEO of Apollo Global Management.
Beneath this financial behemoth lies a story that speaks to a broader pattern in modern capitalism: the insidious creep of private equity's influence.
At its core, private equity is a business model based on buying undervalued assets, restructuring them for maximum profit, and selling them off at a handsome markup.