Private equity - it's just not cricket

When they aren't doing deals or figuring out ways to spend their massive bonuses, maybe the managers...

When they aren't doing deals or figuring out ways to spend their massive bonuses, maybe the managers of booming buyout funds should be watching cricket. These companies would then know more about playing on the front foot rather than the back. In the past few weeks, the private-equity industry has come under sustained attack in the UK from trade unionists and Labour Party politicians. The funds have been portrayed as nothing more than a bunch of money-grabbing asset-strippers. The industry needs to turn those perceptions around fast. It should debunk the myths about tax treatment, turn le...