Riverside Company Co-CEO Discuss Private Equity on PBS News Hour
PBS News Hour
How Big a Role Do Private Equity Firms Play in U.S. Economy?
SUMMARY
As private equity firms gain more attention this election season, Judy Woodruff discusses whether private equity activity is more focused on short-term profits or the long-term health of companies with The Riverside Company’s Stewart Kohl and author Josh Kosman.
JUDY WOODRUFF: Finally tonight, we return to an issue raised by the focus on Mitt Romney’s taxes, how he made his money as the head of a so-called private equity firm.
Those firms invest in other companies, often troubled ones, and try to turn them around. But there is great debate over whether private equity activity is more focused on short-term profits or the long-term health of the company.
We have our own debate about that with Stewart Kohl. He’s co-CEO of The Riverside Company, a private equity firm that manages more than $3 billion in assets. And Josh Kosman, the author of the book “The Buyout of America: How Private Equity is Destroying Jobs and Killing the American Economy.”
We thank you both for being with us.
Please click here for the full interview and video.
