Andrew

Let's go!

[Andrew @Andrew_slaps]

@Banana1434354 @DaColonel3 @spqr_sulla Sure, the death spiral is one tool of many the PE firms employ to make money.

[Andrew @Andrew_slaps]

Yeah, these corporate raiders with tons of experience running companies probably just made bad decision after bad decision while running these specific companies. Consider Toys R Us. PE invested $1.2B in an LBO. The company had $2.2B of cash reserves at the time. The PE firms collected approximately $500M in fees/interest alone, and then the $2.2B of cash was drained from the company over the following years through debt servicing, consulting, and director/c-suite compensation. You are free to draw your own conclusions.

[Andrew @Andrew_slaps]

Combined? Absolutely.
Dividend recapitalizations let the PE sponsors have the company borrow new money specifically to pay special dividends and fees straight to them. That cash is extracted and gone. If the business later files for bankruptcy, the remaining debt is the company’s problem, it gets restructured or only partially recovered by creditors, while the sponsors keep everything they already took out. Management and advisory fees paid by the portfolio company add another layer of returns that do not depend on the equity surviving.

[Andrew @Andrew_slaps]

@UnicusResearch It’s a big club, and you ain’t in it.
-George Carlin

https://t.co/OAdU5sN6pI

[Andrew @Andrew_slaps]

It’s even more insidious than that. It’s the same playbook as Sears, ToysRUs, and even Bed Bath Beyond. PE takes the company over, reduce quality to “increase profits” but really to start the death spiral as customers leave. They put all their friends on the board and pay them risk free compensation. Then they hire a bunch of their friends a consultants from companies like BCG, and bleed the company dry while “figuring out why the customer are leaving”. Then they leverage the business up with a bunch of debt to continue paying the consultants and board of directors, while their friends in big finance short and distort the company into bankruptcy. Their friends win big while the customers, shareholders, and employees lose.

[Andrew @Andrew_slaps]

How Private Equity strips America’s great businesses to profit their friends while destroying their customers, shareholders, and employees.

[Andrew @Andrew_slaps]

It’s even more insidious than that. It’s the same playbook as Sears, ToysRUs, and even Bed Bath Beyond. PE takes the company over, reduce quality to “increase profits” but really to start the death spiral as customers leave. They put all their friends on the board and pay them risk free compensation. Then they hire a bunch of their friends a consultants from companies like BCG, and bleed the company dry while “figuring out why the customer are leaving”. Then they leverage the business up with a bunch of debt to continue paying the consultants and board of directors, while their friends in big finance short and distort the company into bankruptcy. Their friends win big while the customers, shareholders, and employees lose.

[Andrew @Andrew_slaps]

@TerribleMaps I thought this was a map of the Swiss territories

[Andrew @Andrew_slaps]

@DefiantBaptist @mounthatt @PeterBolandSOCS @LostMyHats Yup, this totally looks like a random encounter on the street and not a intimate meeting in someone’s living room

[Andrew @Andrew_slaps]

@mattforney Refute his argument then. Explain why labor should be taxed at a higher rate than capital gains.

[Andrew @Andrew_slaps]

@catturd2 @THEDuaneCates Refute his argument then. Why should labor be taxed at a higher rate than capital gains?

[Andrew @Andrew_slaps]

@ErikaCA47 Refute his argument then. Why should labor be taxed at a higher rate than capital gains?

[Andrew @Andrew_slaps]

@DefiantBaptist @PeterBolandSOCS @mounthatt @LostMyHats So he settled a lawsuit with her by giving her a boat load of money, then was stripped of titles, and now the UK is working to remove him from the line of succession, because he didn’t do anything wrong?

[Andrew @Andrew_slaps]

@DefiantBaptist @PeterBolandSOCS @mounthatt @LostMyHats Uhhh… Prince Andrew? Do you think he was the only one?

[Andrew @Andrew_slaps]

@Cernovich @TomiLahren This doesn’t honestly respond to her points. Her post was obviously about Congressional Republicans. Your post was about the Trump Administration, and even ended it by stating Congress is the problem. I’d like to hear your thoughts about why we should support Rs in Congress.

[Andrew @Andrew_slaps]

@RepThomasMassie @SecScottBessent @usmint Nobody can afford them? They are only a dollar. Says so right there.

[Andrew @Andrew_slaps]

@NeelamDesai3000 @grok @forbiddenmerch Wild. @grok why the discrepancy in your responses?

[Andrew @Andrew_slaps]

@Word2013screen @_ColdHands_ @safewordsorg You have any evidence for your claim that she is lying for money? No?
The most disgusting report I’ve ever seen in my life comes out and your first instinct is to attack someone who claims to be a victim? Absolute scum

[Andrew @Andrew_slaps]

@newformofflight @thevivafrei @TheDemSlayer @LostMyHats

[Andrew @Andrew_slaps]

@RepThomasMassie @SpeakerJohnson @RepHaridopolos disappointed to see your name missing here. Could you explain the rationale for your vote to continue warrantless digital searches of American citizens private communications?

[Andrew @Andrew_slaps]

@OwenShroyer1776 @realxeronuro @ErikaC47 I mean I get your point about the hypocrisy around guilt by association, but I like Joe Kent and Scott Bessent has really impressed me since he joined the administration. Has Bessent actually done anything in your opinion that would be cause for concern?