A hedge fund buys out a struggling retailer on the verge of bankruptcy. It’s a story told so much it has become a cliché. Naturally, one would expect that the next step is to gut the corporation, rob the employees of their pensions, and sell off whatever tangible and intangible assets they can get a few bucks for. But in 2019 when Elliott Management purchased Barnes & Noble Booksellers for $638 million, something different happened.
Continue reading “Did a Hedge Fund Buyout Finally Go Right?”Tag: management
Book Review: Good to Great
Good to Great, which is sort of a prequel to Collins’s bestselling Built to Last, is a study of 11 established companies that suddenly broke out and outperformed the market in an unbelievable fashion. 11 comparison companies that remained stable in the same industry and environment are used in the study. Continue reading “Book Review: Good to Great”