|
|
Article: Private equity row claims its first scalp.
- Article from:
- Daily Mail (London)
- Article date:
- June 14, 2007
CopyrightCOPYRIGHT 2007 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
THE private equity industry's bleak week continued, as the head of its trade body was axed.
Peter Linthwaite is expected to stand down this summer as chief executive of the British Venture Capital Association, which has been leaden-footed in its response to the mounting storm that is engulfing the industry.
As part of a shake-up, the BVCA is looking to appoint a big hitter as it funnels more cash into lobbying trade unions and politicians.
But it is still on the back foot as the argument rages over private equity's generous tax breaks and shadowy finances.
Now one of the industry's bestknown names has called on pension funds to curb private equity's greed.
...