Nikesh Arora

IN THE run-up to the financial crisis private-equity funds seemed to be trying to outdo each other in overpaying for assets Yet many avoided the bulk of the losses when disaster struck Often the industry would contribute only a sliver of equity then quickly extract an equivalent amount or more through heroic feats of financial engineering-thus ensuring a quick profit and leaving others to bear the pain if the acquired firm tottered under its new mountain of debt Wily tax structures could h
Nikesh Arora