Google Fiber will be sold to private equity firm and merge with cable company

GFiber and Astound to merge with Alphabet selling majority stake to Stonepeak.

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[Tactical Finesse]

There are more private equity firms in the USA than there are McDonalds restaurants but a handful of well known names (Blackstone, Carl Icahn, Silver Lake and Jared Kushner) ruin it for everybody.

True on all counts...

But I'm trying to think of a time where private equity took control of a company--and things actually got better for either the company or the customers or both....and I can't think of one.

 

[Tactical Finesse]

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(If you can’t see the image of Google’s stock price , here’s a representation of it: )

Neutron Jack Welch caused GE's stock price to go to the moon, for 20 years, too.

Of course...Jack Welch was asked to leave because he was cooking the books of GE...and he didn't leave a moment too soon--all his decisions promptly sank the company within a few years of his forced exit. He took a US national darling everyone wanted to work at and support...and made it a finance bro's dystopian workplace and created a managerial cult that still haunts Wall Street.