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

Episoder(903)

Recode Decode: Margrethe Vestager

Recode Decode: Margrethe Vestager

Margrethe Vestager, Europe's commissioner for competition, talks with Recode's Kara Swisher in front of a live audience at Web Summit 2017 in Lisbon, Portugal. Vestager explains how the E.U. is trying to make tech companies more transparent and accountable for their dealings and why a "free" market needs government intervention to function. She says the algorithms that control what content gets surfaced on social media may "have to go to law school" before we can trust them again, and that Facebook or Snapchat's priorities cannot be allowed to supersede democracy's. Learn more about your ad choices. Visit podcastchoices.com/adchoices

29 Nov 201718min

Recode Decode: How Reid Hoffman would fix social media (Live)

Recode Decode: How Reid Hoffman would fix social media (Live)

Reid Hoffman, the co-founder of LinkedIn and a general partner at Greylock Partners, talks with Recode's Kara Swisher in front of a live audience at the Anti-Defamation League conference "Never Is Now" in San Francisco. Hoffman says the people who work at social media giants like Facebook and Twitter want to do the right thing when it comes to abuse or political attacks on their platforms, but they often move too slowly. He proposes that these companies should regularly report how they're trying to encourage "compassion, interaction [and] mutual understanding." Plus: How Reddit CEO Steve Huffman convinced him anonymity could be good and why VR might help create empathy in a corporate context. Learn more about your ad choices. Visit podcastchoices.com/adchoices

27 Nov 201742min

Recode Decode: Greta Van Susteren is not giving up on social media

Recode Decode: Greta Van Susteren is not giving up on social media

Former cable news anchor Greta Van Susteren talks with Recode's Kara Swisher and SKDK's Hilary Rosen about her new book, "Everything You Need to Know about Social Media (Without Having to Call a Kid)." Van Susteren spent long stints hosting shows at CNN and Fox News and says she still doesn't know why her last TV employer, MSNBC, fired her after six months. In addition to the new book, she’s now an internet entrepreneur: Her first product is Sorry, an app for apologies. Van Susteren talks about all of that change, as well as what Silicon Valley companies should do about Russia's election meddling; why Donald Trump retweeted her recently and why that's not as big a deal as people think; and why, despite all the trolling and other nastiness, "social media is here to stay." Learn more about your ad choices. Visit podcastchoices.com/adchoices

22 Nov 201759min

Recode Decode: magazine mogul Tina Brown

Recode Decode: magazine mogul Tina Brown

Tina Brown — the former editor of Vanity Fair, the New Yorker, the Daily Beast and more — talks with Recode's Kara Swisher about her new book, "The Vanity Fair Diaries: 1983 - 1992." In the book, she looks back on the tell-all diary she kept at the time, dishing on the 1980s New York social scene, managing a print magazine in the medium's heyday and dealing with media bigwigs like Conde Nast's S.I. Newhouse, Jr. Brown says she saw Vanity Fair as a big circus, while the New Yorker was a "sleeping beauty" that had to be awoken, although she may be proudest of her lesser-known (and short-lived) work on Talk magazine. She also talks about working with Talk's financier, Harvey Weinstein; how she founded the digital-first Daily Beast and why she left; and why Facebook and Google should fund the future of local journalism. Learn more about your ad choices. Visit podcastchoices.com/adchoices

20 Nov 20171h 13min

Recode Decode: Stacey Abrams, candidate for governor, Georgia

Recode Decode: Stacey Abrams, candidate for governor, Georgia

Stacey Abrams, a candidate running for governor of Georgia and former minority leader of its general assembly, talks with Recode's Kara Swisher and SKDK's Hilary Rosen about the early stages of the campaign. Abrams explains why everyone needs to be talking a lot more about the automation of jobs, why she's wary of blank-check tax incentives written for tech companies and why Democrats learned the wrong lessons about the internet from Barack Obama's campaign in 2008. She also discusses how she is using technology and how she contends with some voters' reductive tendency to only think of her as "the black candidate." Learn more about your ad choices. Visit podcastchoices.com/adchoices

15 Nov 20171h 4min

Recode Decode: Jonathan Greenblatt, CEO, Anti-Defamation League

Recode Decode: Jonathan Greenblatt, CEO, Anti-Defamation League

Jonathan Greenblatt, the CEO of the Anti-Defamation League, talks with Recode’s Kara Swisher about how the century-old nonprofit is evolving to fight antisemitism and other forms of extremism in the digital age. Greenblatt explains how online platforms have helped white supremacists inject their beliefs into the mainstream conversation and why companies like Twitter, Facebook and Google have so far failed to stop them. He says the ADL is now working directly with engineers at those organizations to confront the problem, and praises the potential of emerging tech like artificial intelligence and virtual reality for making social media — and society — saner. Greenblatt also discusses the right way for journalists to report on extremists like Richard Spencer and how Silicon Valley could make a big difference by having a “bias for good.” Learn more about your ad choices. Visit podcastchoices.com/adchoices

13 Nov 20171h 3min

Recode Decode: Katy Tur, author, ‘Unbelievable.’

Recode Decode: Katy Tur, author, ‘Unbelievable.’

MSNBC anchor Katy Tur talks with Recode's Kara Swisher and SKDK's Hilary Rosen about her new book, "Unbelievable: My Front-Row Seat to the Craziest Campaign in American History." While she was at NBC News, Tur was the first reporter assigned to cover the Trump campaign full-time, and one year since his unlikely electoral victory, she says many in the media who considered him a joke before haven't learned the right lessons from 2016. Tur explains how her parents' pioneering TV journalism gave her the resolve to weather threats during the campaign, and says journalists covering President Trump need to stop being indignant about little things, and focus instead on the big stories that matter. Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Nov 20171h 3min

Recode Decode: Ray Dalio, author, 'Principles: Life and Work'

Recode Decode: Ray Dalio, author, 'Principles: Life and Work'

Ray Dalio, the founder of the world's largest hedge fund Bridgewater Associates, talks with Recode's Kara Swisher about his new book, "Principles: Life and Work." In it, he lays out how he makes smarter decisions based on clearly articulated criteria and how that process has worked on a massive scale at Bridgewater, which Dalio describes as an "idea meritocracy." At the controversial hedge fund, every conversation is recorded for anyone to consult, and every decision is compared against the employees' transparent histories of successes and defeats. Dalio also talks about why independent thinking is the most important principle, how tech companies can apply Bridgewater's formula and why the biggest issue facing America may be the fragmentation between the top 40 percent of the economy and bottom 60 percent: Perfect breeding grounds for a populist president like Donald Trump. Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Nov 20171h 6min

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