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(902)

Recode Decode: Adam Lashinsky, author, 'Wild Ride'

Recode Decode: Adam Lashinsky, author, 'Wild Ride'

Fortune Executive Editor Adam Lashinsky talks with Recode's Kara Swisher about his new book "Wild Ride: Inside Uber's Quest for World Domination." In this live interview, recorded after Travis Kalanick had announced a leave of absence from Uber but before he resigned as CEO, Lashinsky talks about trying to find Kalanick's "Rosebud" and why he didn't discover the now-infamous dark side of Uber's culture that was exposed by Susan Fowler and other former employees. He says despite the brand being "severely tarnished," Uber can reshape its corporate culture and bounce back because "[not] every person is rotten." Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Jun 20171h 13min

Recode Decode: Cecile Richards, president, Planned Parenthood Federation of America (Code Conference 2017)

Recode Decode: Cecile Richards, president, Planned Parenthood Federation of America (Code Conference 2017)

In this special bonus episode from the 2017 Code Conference, Planned Parenthood Federation of America President Cecile Richards talks with Recode's Kara Swisher about how the nonprofit has dealt with controversy and political opposition under President Trump. Republicans in Washington are attempting to limit the organization, which Richards says would undermine access to local health services and cause the rates of STIs and abortions to go up. Planned Parenthood will continue to exist even if the GOP's health care bill passes, she says, but it's still fighting to remain a public benefit, with funds for most of its services being reimbursed by the government. Richards also talks about how her team uses social media and texting and why she wants to use drones to air-drop birth control. Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Jun 201733min

Recode Decode:  Mark Hurd, co-CEO, Oracle

Recode Decode: Mark Hurd, co-CEO, Oracle

In this live interview, Oracle co-CEO Mark Hurd talks with Recode's Kara Swisher about how Oracle transitioned its business to the cloud, which is the fastest-growing segment of all enterprise spending. Hurd says a large, process-laden company like Oracle can't risk getting complacent and out-innovated by smaller startups, and had to weather some unhappy investors on Wall Street for many quarters because building out cloud services takes time and money. He also talks about immigration policy, job automation and why Steve Jobs once told him he would hate to have Hurd's job. Learn more about your ad choices. Visit podcastchoices.com/adchoices

19 Jun 201757min

Recode Decode: Jill Soloway, creator, 'Transparent' (Code Conference 2017)

Recode Decode: Jill Soloway, creator, 'Transparent' (Code Conference 2017)

In this special bonus episode from the 2017 Code Conference, Jill Soloway, the creator of the Amazon TV series "Transparent," talks with Recode's Kara Swisher about their new show, "I Love Dick," which stars Kevin Bacon and Kathryn Hahn. They say Amazon is more hands-off than traditional TV networks and has helped diversify the female characters we see on TV. Soloway's company, Topple Productions, is aimed at disrupting the "white male gaze" and giving power to creators who otherwise might not have it, and they recall how, after losing twice at the Golden Globes, Jeff Bezos encouraged them to keep effecting social change through storytelling. Learn more about your ad choices. Visit podcastchoices.com/adchoices

17 Jun 201731min

Recode Decode: Scott Galloway, founder, L2

Recode Decode: Scott Galloway, founder, L2

L2 founder and New York University professor Scott Galloway talks with Recode's Kara Swisher about how the biggest companies in tech are disrupting retail, jobs, advertising and more. Galloway says the U.S. is incredibly "over-stored" and predicts that Amazon is well positioned to quadruple what its Prime customers spend. He also explains why most brands should worry about their future stability, and what a handful — including Apple and Disney — have done right to defend themselves. Later in the show, Galloway grades how Google, Facebook, Netflix and more are doing and makes the case for executive changes at Uber and Snapchat. Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Jun 201758min

Recode Decode: Hillary Clinton, former U.S. Secretary of State (Code Conference 2017)

Recode Decode: Hillary Clinton, former U.S. Secretary of State (Code Conference 2017)

In this special bonus episode from the 2017 Code Conference, former U.S. Secretary of State and 2016 presidential candidate Hillary Clinton talks with Recode's Kara Swisher and The Verge's Walt Mossberg about the mistakes she made during the campaign and what she thinks in hindsight about criticism of her private email server and paid speeches to Goldman Sachs. Clinton says "anti-American forces" are continually trying to undermine America's security and unity and that she believes saboteurs from Russia were directly aided by Americans, likely including Donald Trump. She criticizes Facebook's spreading of "fake news" and the eagerness of the media to amplify Trump's message, but also the failures of the Democratic National Committee's "poor" data campaign in 2016 as contributing factors to her defeat. Looking forward, Clinton says she's "hopeful" that Democrats will regain control of the House of Representatives in 2018 and "hold [our] own" in the Senate. Learn more about your ad choices. Visit podcastchoices.com/adchoices

10 Jun 20171h 17min

Recode Decode: Kevin Systrom, CEO, Instagram

Recode Decode: Kevin Systrom, CEO, Instagram

Instagram CEO and co-founder Kevin Systrom talks with Recode's Kara Swisher about why he's still working at Facebook five years after it bought his company for $1 billion. Systrom shares what he has learned from the executives there and why he insisted from day one that his new colleagues not call Instagram a "photo-sharing app" — which surprised Mark Zuckerberg. He also addresses allegations that Instagram has "copied" features from Snapchat, saying no tech product is completely original and that it's better for consumers if companies in the same space are constantly trying to one-up each other. Later in the show, Systrom explains why he feels personally responsible to make the internet a safer place, and what he's doing toward that goal. Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Jun 20171h 9min

Recode Decode: Boris Sofman, CEO, Anki

Recode Decode: Boris Sofman, CEO, Anki

Anki CEO Boris Sofman talks with Recode’s Kara Swisher about the future of robotics and why his company is starting with robots that entertain people: The artificially intelligent toy cars Anki Drive, released in 2013, and the emotive pet-like Cozmo, which came out in 2016. Sofman says designing for cuteness makes it easier for humans to accept when the robot makes an error, and is a low-risk way to make all robots better at skills like computer vision. He also talks about the current state of self-driving cars and why the biggest danger robots currently pose to humanity is being misused by human operators. Learn more about your ad choices. Visit podcastchoices.com/adchoices

29 Mai 201759min

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