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: New York Times tech columnist Farhad Manjoo explains the 'Frightful Five'

Recode Decode: New York Times tech columnist Farhad Manjoo explains the 'Frightful Five'

Farhad Manjoo, a technology columnist for the New York Times, talks with Recode's Kara Swisher in front of a live audience at the University of California, Berkeley's journalism school. Manjoo explains why he refers to five of the world's largest tech companies as the "Frightful Five": Amazon, Apple, Facebook, Microsoft and Alphabet (which owns Google and YouTube). He diagnoses long-running issues at several of those companies, but argues that solving the problems they've created or at least enabled would necessitate giving them even more power. Plus: Why Twitter's toxicity problem may be beyond saving. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Apr 20181h 6min

Recode Decode: John Hennessy and Dave Patterson, winners, 2017 Turing Award

Recode Decode: John Hennessy and Dave Patterson, winners, 2017 Turing Award

Alphabet chairman John Hennessy and Google distinguished engineer Dave Patterson talk with Recode’s Kara Swisher about winning the 2017 Turing Award, a prestigious achievement in computer science. In the 1980s, Hennessy and Patterson developed a revolutionary new type of computer processor called RISC, which allowed computers to run faster and more efficiently — a breakthrough that became especially important in the era of mobile devices and the internet of things. They talk about the intense pushback they received from the computing industry at the time and why we're now in a "new golden age of computer architecture," filled with difficult problems that businesses have thus far been unable to crack. The upshot: Another RISC-like revolution needs to happen. Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Apr 201853min

Recode Decode: Joanna Coles, author, 'Love Rules'

Recode Decode: Joanna Coles, author, 'Love Rules'

Joanna Coles, the chief content officer at Hearst, talks with Recode's Kara Swisher about her new book, "Love Rules: How to Find a Real Relationship in a Digital World." Coles says dating apps can be a great tool for meeting new people, but they can encourage the wrong attitudes among their users: Seeing potential mates as interchangeable, wasting weeks to texting in the buildup to one conversation and fantasizing about whether a stranger is "the one." She also talks about the negative impact of online porn on women's satisfaction in heterosexual relationships and how to manage an ongoing relationship despite digital distractions. Plus: Why Coles joined the board of Snap, what she thinks of the future of magazines and what happens after #MeToo. Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Apr 20181h 7min

Recode Decode: Mark Suster, managing partner, Upfront Ventures

Recode Decode: Mark Suster, managing partner, Upfront Ventures

Upfront Ventures Managing Partner Mark Suster talks with Recode’s Kara Swisher about leading the oldest and largest venture capital firm in Los Angeles. He explains why he rejects the term “Silicon Beach,” preferring “LA Tech,” and what people miss when they think of Southern California as a less-techie place than Silicon Valley. Suster says the increasingly common overfunding of tech companies and overpaying of tech workers in the San Francisco area are discouraging innovation. He also discusses how the geography of entrepreneurship in SoCal is changing, why Upfront-backed smart doorbell maker Ring sold to Amazon, and what people get wrong about one of LA's sexiest tech companies, Snap. Learn more about your ad choices. Visit podcastchoices.com/adchoices

18 Apr 20181h 9min

Recode Decode: BlackBerry CEO John Chen

Recode Decode: BlackBerry CEO John Chen

BlackBerry CEO John Chen talks with Recode’s Kara Swisher about how the once-pioneering mobile phone company has happily pivoted into a new business model, focusing on enterprise security and embedded technology for connected cars. Chen says “somebody should make” a new version of the BlackBerry Bold 9900, explaining that there’s still a sizable audience of professionals and government workers who want their phones to be ultra secure. He also discusses why he took the CEO job in 2013, why he just committed to another five years and how governments should direct their regulation of self-driving cars. Learn more about your ad choices. Visit podcastchoices.com/adchoices

16 Apr 201853min

Recode Decode: Yelp CEO Jeremy Stoppelman: Silicon Valley has 'lost its purpose'

Recode Decode: Yelp CEO Jeremy Stoppelman: Silicon Valley has 'lost its purpose'

Yelp CEO Jeremy Stoppelman talks with Recode's Kara Swisher about the phenomenon of techlash and why people are just now "waking up" to Silicon Valley's dark side. Stoppelman's company has feuded for years with its much larger rival Google, which Yelp says has unfairly weighted local search results to its own product. He says the Google of 2004 would laugh at how the company does business today, and praises the new regulations being brought against tech giants by the EU. However, Stoppelman suggests he's not optimistic about U.S. lawmakers taking similar action, even though scrutiny of the big companies seems to have united Democrats and Republicans for once. Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Apr 201854min

Recode Decode: Hillary Clinton advisor and "Dear Madam President" author Jennifer Palmieri

Recode Decode: Hillary Clinton advisor and "Dear Madam President" author Jennifer Palmieri

Jennifer Palmieri, the communications director for Hillary Clinton's 2016 Presidential campaign, talks with Recode's Kara Swisher about her new book, "Dear Madam President: An Open Letter to the Women Who Will Run the World." Palmieri reflects on the obstacles — fair and unfair — that Clinton faced while running against now-President Trump and says part of the problem was that she held herself back, discounting the value of telling her own story to the American people. She also shares some advice for the woman who will one day be President of the United States and talks about how much has changed in the media and technology strategies of political campaigns in just two years. Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Apr 20181h 10min

Recode Decode: Apple CEO Tim Cook

Recode Decode: Apple CEO Tim Cook

Recode's Kara Swisher and MSNBC's Chris Hayes talk with Apple CEO Tim Cook on the second episode of "Revolution." The interview was held in front of a live audience the day after Apple's education-focused event in Chicago, but Cook also talks about privacy, Facebook, Amazon, DACA and more. Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Apr 20181h 16min

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