TUC Invents Private Equity
THE Croydonian spots this gem from Brendan Barber, addressing the TUC’s conference:
“This time last year next to no-one had heard of private equity.
Today, thanks to trade union campaigning led by the GMB, it is now at the top of the political and economic agenda”.
Yeah. Right. Excluding the several million readers of the business press, those who work in private equity or private equity owned businesses, and people who were aware of the Alchemy Partners bid for Rover in 1999 which was covered on the TV news, maybe we are heading towards ‘next to no-one’