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Article: Polish needed; Private equity.(Private-equity firms squirm in the spotlight)(Brief article)
- Article from:
- The Economist (US)
- Article date:
- June 30, 2007
CopyrightCOPYRIGHT 2007 Economist Newspaper Ltd. 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)
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Private-equity firms needlessly squirm in the spotlight
PUBLIC companies are often told they have lots to learn from private-equity firms. But the reverse is also true. Private-equity firms could take lessons from their listed counterparts about being in the public eye. In America reporting of the lobster-filled life of Stephen Schwarzman, the chief executive of Blackstone, a private-equity firm that floated on the New York Stock Exchange on June 22nd, has been a gift to critics. If access to credit becomes tighter and private-equity-owned firms go bankrupt, scrutiny will only increase. After a strong start, Blackstone's share price dipped below the offer price ...