How private equity helped sink Red Lobster

Analysts say endless shrimp promotion was not the reason Red Lobster filed for bankruptcy. The bigger culprit was the company investing in private equity.

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#RedLobster #PrivateEquity #Bankruptcy

[АллаСтасюк-дз]

Just as seeds need time to grow into trees, investments need time to grow into wealth.

[barbm]

Private equity companies are sinking everything. Restaurants, retail, real estate, even hospitals.

[bobbymoss]

Private equity should be banned, just like lobbying. Absolutely disgusting.

[TakenTook]

They left out Toys "R" Us on the list of successful companies that were ruined by private equity

[mkaltreider]

of course "Golden Gate Capital declined to comment." Financial predators for businesses.

[Me]

Not the endless shrimp. More like the endless greed.

[alvilla]

I believe this is one of the reasons why homes are too expensive, probably the main reason

[Teresa.Says.It.Here.]

Who are these private equity owners??? U.S. owners? Foreign owners? How is legislation going to stop this hemorrhaging?

[MariaMartinez-researcher]

This video is too short to explain all what happened. Please take a look at the recent John Oliver's segment about the subject. This business didn't die a natural death, it was killed, and not by the shrimp.

[robd]

Another casualty of private equity’s corporate greed. They did far more damage than the bottomless shrimp! How private equity is legal is beyond me.

[siriusgd]

How private equity is destroying everything American. Corporate greed goes unchecked. Just as the Republicans want it.

[tishw]

A seafood restaurant is one thing, hospitals and medical facilities are completely different. You heard of small town hospitals closing? Guess what? They aren't money makers so they are shut down and hard working, tax paying, private insurance paying citizens have no emergency or local care in their area.

[joshuauriarte]

Maybe It's time for this to be illegal? It should of been banned decades ago as it harms more then saves.

[brad]

You lost your job because of Private Equity then your dog gets sick and you go to the vet where you get a $4000 bill for what used to be $400 because of.... You guessed it. Private Equity.

[anniesshenanigans]

Private Equity is how these Billionaires are doubling their income.

[miashooter]

Red lobster have been doing endless shrimp fir decades...its not the issue

[nicolewembley]

We knew it was more then all you can eat shrimp, which is never a bright idea. It was much deeper, good report.

[JohnSmith-qefb]

I worked for a small bus company that did the same thing- locked the doors and didn't let anyone know they shut down. We showed up to a chained door and no idea we were out of a job. Despicable.

[michaelfincham]

When I hear private equity, I think PIRATES. I also think. How long will this company survive.

[ec]

corporate greed like the housing crisis of 08