Journalist Megan Greenwell — who is writing a book on private equity for Dey Street Books titled VAMPIRE COUNTRY — interviews KKR’s co-head of global private equity Pete Stavros on the firm’s pending acquisition of Simon & Schuster. In contrast to facile clickbait like the Atlantic’s recent piece, Greenwell gets details from Stavros about KKR’s expectations, and the workings of their employee ownership plan. Broadly, Stavros says, “We would not invest in a company where the strategy is to get profit dollars up by firing people. We just wouldn’t do that…. we’re not buying into an investment thesis where we’re […]
