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Thursday, January 12, 2012

Private-equity industry: A bad rep, but is it deserved?

Mitt Romney's rivals slam him as a job destroyer while at Bain Capital; he insists he was a job creator. A study found private-equity deals are neither.

Three days after a private equity firm bought the San Diego Union-Tribune in mid-2009, it did what private equity firms frequently do: It cut a lot of jobs.


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