I wonder if John Key has shares in Private equity company KKR, owned by Henry Kravitz, or any other private equity firms for that matter.
Private equity firms borrow money to buy businesses, in order to pay back that loan they make sweetheart deals with the banks, break the business in little pieces and sell them off. What is left of the business is than slimlined by cutting workers pay and benefits. They leave in their wake broken communities, joblessness and homelessness.
They are parasitic predators and we don’t need them in New Zealand or anywhere else in the world.
Watch the video and judge for yourself.