{"product_id":"these-are-the-plunderers-how-private-equity-runs-and-wrecks-america-morgenson-gretchen-hardcover","title":"These Are the Plunderers: How Private Equity Runs--And Wrecks--America -- Gretchen Morgenson, Hardcover","description":"\u003cb\u003ePulitzer Prize-winning and \u003ci\u003eNew York Times \u003c\/i\u003ebestselling financial journalist Gretchen Morgenson and policy analyst Joshua Rosner investigate the insidious debt-laden world of private equity, revealing how it leeches profits from everyday Americans, tanks the companies it acquires, and puts our entire economic system at risk.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eMuch has been written about the widening gulf between rich and poor, the pernicious effects our deepening income inequality has on the US's well-being, and how our style of capitalism has failed to provide a living wage for so many Americans. But nothing has fully detailed the crucial role a small cohort of elite financiers has played in this dispiriting outcome over the past thirty years. Until now. Pulitzer Prize-winning journalist and bestselling author Gretchen Morgenson, with coauthor Joshua Rosner, unmask the small group of celebrated Wall Street financiers who use excessive debt and dubious practices to undermine our nation's economy while enriching themselves: private equity. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eThese Are the Plunderers\u003c\/i\u003e lucidly and maddeningly traces the thirty-year history of corporate takeovers in America and private equity's increasing dominance. Morgenson and Rosner investigate some of the biggest names in private equity, exposing how they buy companies, load them with debt, and then bleed them of assets and profits. \u003cp\u003e\u003c\/p\u003ePrivate equity relies on debt--and lots of it. Morgenson and Rosner show how companies absorbed by private equity have worse outcomes for everyone but the financiers: patients at private equity-owned nursing homes are more likely to die; companies owned by private equity are more likely to go bankrupt; healthcare costs are higher at private equity-owned operations; workers at private equity-owned companies across the nation are more likely to have their benefits and pensions slashed or lose their jobs; retirees from private industry as well as school teachers, firefighters, medical technicians, and other public workers have lower returns on their pensions because of the fees private equity extracts from their investments. You're worse off because of private equity. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eThese Are the Plunderers\u003c\/i\u003e exposes the greed and pillaging in private equity, revealing the many ways these billionaires have bled our economy.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Gretchen Morgenson, Joshua Rosner\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Simon \u0026amp; Schuster\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/25\/2023\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 400\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.25lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.90h x 6.40w x 1.60d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9781982191283\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eKirkus Reviews\u003c\/i\u003e 03\/15\/2023\u003cbr\u003e\u003ci\u003eBooklist\u003c\/i\u003e 04\/01\/2023 pg. 6\u003cbr\u003e\u003ci\u003ePublishers Weekly\u003c\/i\u003e 04\/17\/2023\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003eGretchen Morgenson is the senior financial reporter for the NBC News Investigative Unit. A former stockbroker, she won the Pulitzer Prize in 2002 for her \"trenchant and incisive\" reporting on Wall Street. Previously at \u003ci\u003eThe New York Times \u003c\/i\u003eand \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e, she and coauthor Joshua Rosner wrote the \u003ci\u003eNew York Times \u003c\/i\u003ebestseller \u003ci\u003eReckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon\u003c\/i\u003e about the mortgage crisis. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eJoshua Rosner is managing director at independent research consultancy Graham Fisher and Co., advising regulators, policymakers, and institutional investors on banking and financial markets. He has been interviewed on PBS, CBS, NBC, CNN, Bloomberg, CNBC, and Fox News, and featured in or written for \u003ci\u003eThe\u003c\/i\u003e \u003ci\u003eNew York Times\u003c\/i\u003e, \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e, \u003ci\u003e Reuters\u003c\/i\u003e, \u003ci\u003e Economist\u003c\/i\u003e, \u003ci\u003eBarron's\u003c\/i\u003e, and \u003ci\u003eHuffPost. \u003c\/i\u003eJoshua is the coauthor of the \u003ci\u003eNew York Times \u003c\/i\u003ebestseller \u003ci\u003eReckless Endangerment \u003c\/i\u003ewith Gretchen Morgenson.","brand":"Morgenson, Gretchen","offers":[{"title":"Default Title","offer_id":43967722750180,"sku":"9781982191283","price":24.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0611\/9587\/8628\/files\/41cue_HST7L.jpg?v=1719484704","url":"https:\/\/bookandmortar.com\/products\/these-are-the-plunderers-how-private-equity-runs-and-wrecks-america-morgenson-gretchen-hardcover","provider":"BookandMortar","version":"1.0","type":"link"}