Corporate Accountability Dilemma
The discussion dives into the complexities of holding private equity firms accountable for the actions of their portfolio companies. Brendan highlights the challenges of piercing the corporate veil, noting that while it seems reasonable for majority shareholders to be responsible, legal doctrines make it extraordinarily difficult to achieve. The conversation reveals a tension between corporate control and legal accountability, raising important questions about the ethics of investment practices.In this clip
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Decoder with Nilay Patel
Remix: How private equity took over everything
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