Recruiting Football Talk VIII

#9,301
#9,301
BigOrangeTrain said:
I hate people
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Weezer said:
Me too. You humans are awful.
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#9,312
#9,312
25vol said:
If you don’t know why PE is a bad thing, just say that. It is well known that PE firms are scum who only value short-term gain over all else. They will lay off, sell, or outsource all that they can to realize that gain, no matter the long-term effects and consequences. They are vultures who come in with smiles while they prepare to carve you up like a turkey. They’re not to be trusted under any circumstances, and any AD in this country would be wise to avoid them at all costs.

If a PE group like Redbird LLC decides that UNC is not making enough money within their typically extremely aggressive timelines, they’re going to start selling stuff the university owns to make up the difference—and ANYTHING is on the table at that point. That’s a fact.

We should consider ourselves lucky that UT makes enough money that this isn’t even remotely necessary. These smaller schools that are being forced into this by ADs and presidents with no financial knowledge are going to learn some very hard lessons.
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My company was just bought by a PE firm. We are hiring and growing our business. We have bought more capital equipment and are spending more on building upgrades and repairs than we have in the past 4 years under a publicly traded corporate owner.

I find it usually not good to paint any large group with too broad a brush. For every bad PE firm out there that is ruthless and cut throat and buy businesses to milk the for as much profit as they can before selling them, there are others that want to grow business and increase their value so that they make their money at the sale. Broad brush painting usually leads down a rough road.
 
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#9,314
#9,314
mrMet said:
Idk how you do the scotch regularly but I’m impressed lol
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Right behind water and chocolate milk, scotch is just ahead of sweet tea as my favorite drink in the world. Now days, I only have a drink, maybe 2, of top shelf on Saturday night; during the week, while cooking dinner, I'll have a cocktail or two of lower end, like JW Red or Black.
 
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#9,316
#9,316
Glitch said:
My company was just bought by a PE firm. We are hiring and growing our business. We have bought more capital equipment and are spending more on building upgrades and repairs than we have in the past 4 years under a publicly traded corporate owner.

I find it usually not good to paint any large group with too broad a brush. For every bad PE firm out there that is ruthless and cut throat and buy businesses to milk the for as much profit as they can before selling them, there are others that want to grow business and increase their value so that they make their money at the sale. Broad brush painting usually leads down a rough road.
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Generally agree but look what it's done to the medical industry.
 
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#9,322
#9,322
Glitch said:
My company was just bought by a PE firm. We are hiring and growing our business. We have bought more capital equipment and are spending more on building upgrades and repairs than we have in the past 4 years under a publicly traded corporate owner.

I find it usually not good to paint any large group with too broad a brush. For every bad PE firm out there that is ruthless and cut throat and buy businesses to milk the for as much profit as they can before selling them, there are others that want to grow business and increase their value so that they make their money at the sale. Broad brush painting usually leads down a rough road.
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1. If you’ve just now been bought by PE, then you wouldn’t be able to see the damage yet. PE group deals usually don’t turn sour for 5 years or so. That’s when they start expecting returns and they start gutting to get them if they aren’t all the way there yet.

2. I have worked at 2 different companies that have rolled the dice on PE. It always seems like a good deal, until it isn’t. My personal experience is to never deal with them under any circumstances. When I was working at the 2nd company and we were bought, I went job hunting immediately after finding out about it. I knew all the talk of “scaling,” “increasing market share,” and “advance of capital” was ********, and I saw it a mile away. Six months after I left for my new job, my entire department at that place was laid off. The company folded within a year due to “market conditions” and “unprofitable operations,” and the entire company was gutted even though they had been in business for decades at that point. Yeah, the company wasn’t a Fortune 500 business or anything like that, but we made good money with what we did. That was ruined for no reason except greedy investors.

I hope this explains why I seem so personally invested in this discussion of PE. It’s nothing against you or others but they have done a lot of damage to me and some really good people I know. I truly hope it works out in your case Glitch,
and I wish you all the best.
 
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