Taylor Swift performing at the 2019 American Music Awards. Prior to the show, she fought with a private equity-backed record company to be allowed to perform much of her own music at the show. | Emma McIntyre/AMA2019/Getty Images for dcp
Private equity led to the closing of Toys R Us and cost 30,000 workers their jobs — and it’s hardly the only example of a deal gone wrong. In July 2010, Doug Lowenstein, CEO of lobbying group the Private Equity Council, wrote a letter to PBS NewsHour after a segment it had aired on the private equity industry.