Typical Private Equity deal... The buyers take a massive loan in the name of the company they are buying then they use the sudden massive interest payments to explain the declining profits and the need to downsize. Then they find a way to squirrel out of the loans claiming the company sucked and let banks take remaining assets (or losses) and maybe resell the intellectual property to someone else right before that.
The University of Cambridge's wealthiest constituent college, Trinity College Cambridge, has decided to divest from all arms companies, Middle East Eye can reveal....
The endowment management side does actually run like an investment bank, private equity, and asset management firm and is staffed by people who worked on those.
Louisiana's new "Ten Commandments" law actually contains eleven commandments ( boingboing.net )
Every time I hear news from the tech industry lately ( lemmy.world )
Ex-Royal Marine charged with spying for Hong Kong found dead in park ( www.theguardian.com )
Matthew Trickett, 37, who was charged with surveillance of activists, was found on Sunday evening in Maidenhead park...
Google accidentally deleted a $125 billion pension fund's account ( qz.com )
Exclusive: Cambridge's wealthiest college to divest from arms companies ( www.middleeasteye.net )
The University of Cambridge's wealthiest constituent college, Trinity College Cambridge, has decided to divest from all arms companies, Middle East Eye can reveal....
Cyberpunk 2077 director thanks fans as the game hits a 95% positive review rating on Steam ( www.eurogamer.net )
All my real Americans from US State stand up! ( lemmy.world )
Unlucky placement ( sh.itjust.works )
Sony cancelled the PSN account linking requirement for Helldivers 2 ( lemmy.world )