Today's FT had a special corporate finance report with a view from Lord Clive Hollick a senior executive at Kohlberg Kravis Roberts one of the private equity firms under scrutiny at the moment. Not because they are doing anything illegal - but the secrecy with which they operate has led to unnecessary attention.
Reminds me of the days of devil worshipping in the pre-multi party era.
Since it seems to attract many top executives Lord Hollick has warning that it might not be a good career move:
"Those self-important chief executives who seek newspaper profiles, the adulation of the gabfest crowd and the unquestioning support of their colleagues, should stay put.
Executives should leave their ego at the door and prepare to answer tough questions from private equity executives often less than half their age but with formidable intellects."
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