The uneasy crown
The buy-out business is booming, but capitalism's new kings are attracting growing criticism
HEROD was not the monarch this newspaper had in mind when in 2004 it proclaimed the leaders of the private-equity industry the “new kings of capitalism”. It was Louis XIV perhaps—the sort of ruler whose kingdom grew rapidly in size, power and reputation, just as private-equity firms have done.
This article appeared in the Briefing section of the print edition under the headline “The uneasy crown”
Briefing February 10th 2007
From the February 10th 2007 edition
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