A new book by a Pulitzer Prize winner unsuccessfully tries to take down the private equity industry and fixates on Leon Black. Here's what it gets wrong.

Mon, 04/24/2023 - 15:31

"These Are the Plunderers: How Private Equity Runs — and Wrecks — America" is a new book by Gretchen Morgenson and Joshua Rosner.
The authors cherry-pick data and offer an argument that's less than convincing, writes Jonathan A. Knee.
This is a book review. The thoughts expressed are those of the writer.

The economic and political influence of the private equity sector has exploded in the last 20 years.