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the Washington State Investment Board interrogated KKR executive Nate Taylor after they heard Liz’s speech about the Toys R Us workers. “Did anyone at KKR lose their job over the failure of Toys R Us? Did anyone have their bonuses cut, did anyone have their compensation cut significantly? Because that’s one of the consequences of free market capitalism,” board member Stephen Miller asked Taylor. (Taylor did not directly answer the question.) Liz even got the chance to briefly address Taylor herself. “How can you sit there and tell me you’re sorry when your shoes can pay my rent?” (He didn’t ...more
Bad Company: Private Equity and the Death of the American Dream
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