You hear about the multimillion dollar annual bonuses given to Wall Street employees?
That’s your money.
The most popular form of paying private equity firms is a concept called “2 and 20”. What it means is that these firms get 2% of the total investment each year AND 20% of the profits. No self respecting private business owner or manager would ever agree to such obscene terms.… read more “Wall Street Excess: Government Sponsored”