Heterodox
I seldom eat at chain restaurants, and I’ve never set foot in a Red Lobster. So the latest bankruptcy of Red Lobster doesn’t affect me personally, but it does serve as yet another illustration of pernicious consequences of vulture capitalism.When the private equity firm Golden Gate Capital bought Red Lobster, the chain was already beaten down by the COVID pandemic and rising operating costs. “Typically, when a private-equity firm takes over a company,...
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