How private equity kills companies and communities

How private equity kills companies and communities

Today, I’m talking with journalist Megan Greenwell about her new book Bad Company: Private Equity and the Death of the American Dream. It comes out June 10th. It's fantastic and maddening in equal measure. I highly recommend it. In this episode, we discussed the genesis of Megan’s interest in the subject and its genesis in media — including her time as editor-in-chief of the website Deadspin, which underwent a very public PE takeover of its parent company. We also talk a lot about the healthcare industry, another major pillar of Megan’s book. I'm excited to hear what you think of this one. Links: Bad Company | HarperCollins Private equity bought out your doctor and bankrupted Toys ‘R’ Us | Decoder Private equity Is gutting America — and getting away with it | NYT I was fired from Deadspin for refusing to ‘stick to sports’ | NYT Will private equity be the next ‘Big Short’? | Marketplace The profit-obsessed monster destroying American ERs | Vox Why your vet bill is so high | The Atlantic The investment firms leave behind a barren wasteland’ | Politico Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. The Decoder music is by Breakmaster Cylinde Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 Recode Decode: Mike Cannon-Brookes, co-CEO, Atlassian

Recode Decode: Mike Cannon-Brookes, co-CEO, Atlassian

Atlassian co-CEO Mike Cannon-Brookes talks with Recode's Kara Swisher about co-founding an enterprise software company in Sydney, Australia, in 2002. Cannon-Brookes reflects on Atlassian's successful American IPO and the differences between his team and tech companies that start in other parts of the world. Rather than trying to beat Silicon Valley at its own game, he says, the right approach for Australia is to nurture its own tech talent while building bridges across the ocean. Learn more about your ad choices. Visit podcastchoices.com/adchoices

15 Elo 201638min

 Recode Decode: Sallie Krawcheck, CEO, Ellevest

Recode Decode: Sallie Krawcheck, CEO, Ellevest

Sallie Krawcheck, formerly the CFO of Citi Group and the CEO of Merrill Lynch, talks with Recode's Kara Swisher about launching Ellevest, a new online investment platform for women. Krawcheck says the male-dominated world of finance overlooks the needs of female customers, and that women invest differently. She also discusses the 20-20 hindsight of the 2008 financial crisis, the danger of another downturn and why being an entrepreneur is "harder than running Merrill Lynch." Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Elo 201641min

Recode Decode: Eric Jackson, activist investor, Yahoo

Recode Decode: Eric Jackson, activist investor, Yahoo

Eric Jackson, a longtime activist investor in Yahoo and the managing director of SpringOwl Asset Management, talks with Recode's Kara Swisher about the momentous deal that will sell Yahoo's core business to Verizon for nearly $5 billion. Jackson reflects on how he came to be a champion, and then a critic, of Yahoo's final CEO, Marissa Mayer, and whether saving the pioneering internet company was doomed from the start. He also suggests that the end of an independent Yahoo carries some lessons for other tech companies moving forward. Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Elo 201638min

Recode Decode: "Chaos Monkeys" author Antonio García-Martinez

Recode Decode: "Chaos Monkeys" author Antonio García-Martinez

Antonio García-Martinez, author of the new tell-all book, "Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley," talks with Recode's Kara Swisher about starting a company, getting acquired by Twitter, and defecting to Facebook one year before its IPO. García-Martinez knew from the start that he wanted to write a book, and the end result doesn't mince words with its subjects. He says one of the big takeaways from "Chaos Monkeys" is that Silicon Valley constantly lies to itself, and that that mass delusion has helped it succeed. Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Heinä 201641min

Recode Decode: Peloton CTO Yony Feng

Recode Decode: Peloton CTO Yony Feng

Peloton CTO Yony Feng talks with Recode's Kara Swisher about how the indoor cycling company is trying to shake up in-home exercise programs with its custom fitness bike, which sells for $2,000. Peloton broadcasts 12 live spinning classes to those bikes every day and challenges its bike owners to compete for a spot on its global leaderboards. Feng discusses how the bike compares to other techie fitness gear and why Peloton may be interested in virtual reality — just not right now. Learn more about your ad choices. Visit podcastchoices.com/adchoices

18 Heinä 201634min

Recode Decode: "Hamilton" producer Jeffrey Seller

Recode Decode: "Hamilton" producer Jeffrey Seller

"Hamilton" lead producer Jeffrey Seller talks with Recode's Kara Swisher about how the hit Broadway musical goes forward now that three of its stars — Lin-Manuel Miranda, Leslie Odom Jr. and Phillipa Soo — have taken their final bows. Seller says he avoids or doesn't understand much of Silicon Valley's tech obsessions, and praises the power of live theater as an antidote to gadget addiction. He explains how "Hamilton" and Ticketmaster have tried to thwart ticket-buying bots behind the scenes, and reflects on some of his other Broadway productions, including "Rent" and "In the Heights." Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Heinä 201650min

Recode Decode: Gary Zenkel, President, NBC Olympics

Recode Decode: Gary Zenkel, President, NBC Olympics

NBC Olympics President Gary Zenkel talks with Recode's Ina Fried about how the network is building on the digital reach of the Summer Games via livestreaming, virtual reality, Snapchat and more. Zenkel says NBC and Samsung expect to produce two to three hours of virtual reality content per day throughout the Games. He also addresses concerns about the Zika virus and politics in Rio de Janeiro, but says he's not worried about their effect on the Olympics. Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Heinä 201646min

Recode Decode: Donna Dubinsky and Jeff Hawkins, co-founders, Numenta

Recode Decode: Donna Dubinsky and Jeff Hawkins, co-founders, Numenta

Donna Dubinsky and Jeff Hawkins — the co-founders of Palm, Handspring and Numenta — talk with Recode's Kara Swisher about their efforts to decode the human brain. They say everything that makes us human, from language to art to engineering, derives from the same learning algorithm, and Numenta hopes to ultimately teach that algorithm to a machine. Dubinsky and Hawkins explain why we shouldn't be afraid that machines will take over the world and why they believe artificial intelligence will drive advancements in technology for the rest of the century. Learn more about your ad choices. Visit podcastchoices.com/adchoices

27 Kesä 201643min

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