Jamal Awil

← Derivative Media

Private equity employs financial maneuvers to extract value from firms. [fact]

Private equity strategies for streamlining include layoffs, reduced wages, increasing debt, offshoring, exploiting bankruptcy law and tax loopholes, selling off assets, and eliminating pensions.

DEFINE: Lists the specific tactics comprising private equity 'streamlining' strategies.

Andrew deWaard, Derivative Media, loc. 492