Boardroom bloodletting signals a classic private-equity hijacking
- Written by: Mark Melatos, Associate Professor of Economics, University of Sydney
Richard Wainwright/AAP
US private equity firm Bain Capital won’t formally assume control of Virgin Australia until November. But its coup this week against chief executive Paul Scurrah, dumping him for Jayne Hrdlicka, a former Bain employee with a reputation for toughness, signals the start of a classic private equity smash-and-grab operation....
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