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Corporate Governance Should Combine the Best of Private Equity and Family Firms

Harvard Business Review

The public corporation is typically bedeviled by the gap between managers’ and shareholders’ interests. But where they have succeeded, they have left public corporations increasingly swayed by short-term results (which are easy to measure) at the expense of future success. These attempts have often failed.

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Private Equity’s New Phase

Harvard Business Review

The types of private equity firms and the approaches to managing these firms has evolved over the last 40 years through three general phases. This phase was loosely called leverage buy out (LBO) from about 1979 to 1990 and included over 2,000 LBOs. In this phase, the acquired property is not just managed, but transformed.

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