
Bad Company
Private Equity and the Death of the American Dream
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Narrated by:
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Dan Bittner
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By:
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Megan Greenwell
About this listen
A damning indictment of the private equity industry told through the stories of four American workers whose lives and communities were upended by the ruinous effects of private equity takeovers.
Private equity runs our country, yet few Americans have any idea how ingrained it is in their lives. Private equity controls hospitals, daycare centers, supermarket chains, voting machine manufacturers, local newspapers, nursing home operators, fertility clinics, and prison service providers. The industry manages highways, municipal water systems, fire departments, emergency medical services, and owns a growing swath of commercial and residential real estate.
Private equity executives, meanwhile, are not only among the wealthiest people in American society, but also modern-day barons with outsized influence on our politics and legislation. Yet their firms have to disclose almost nothing about how they operate, leaving workers and communities on the hook when a company begins to flounder without warning. Twenty percent of companies acquired through private equity buyouts go bankrupt within ten years, accounting for forty percent of all U.S. bankruptcies and putting millions of workers’ jobs at risk. How did private equity firms become so good at making money for themselves and so damaging for the rest of society?
Acclaimed journalist Megan Greenwell’s Bad Company tells the hidden story of private equity through the experiences of four American workers who watched as private equity upended their employers and communities: a Toys R Us floor supervisor, a rural doctor, a local newspaper journalist, and an affordable housing organizer.
In the tradition of deeply human reportage like Matthew Desmond’s Evicted, Megan Greenwell pulls back the curtain on shadowy multibillion dollar companies like Apollo Global Management, Bain Capital, and KKR, telling a larger story about how private equity is reshaping the economy, disrupting communities, and hollowing out the very idea of the American dream itself. Timely and masterfully told, Bad Company is a forceful rebuke of America’s most consequential, yet least understood economic forces.
©2025 Megan Greenwell (P)2025 HarperCollins PublishersListeners also enjoyed...
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Story
Private equity surrounds us. Firms like Blackstone, Carlyle, and KKR are among the largest employers in America and hold assets that rival those of small countries. Yet few understand what these firms are or how they work. In Plunder, Brendan Ballou explains how private equity has reshaped American business by raising prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive parts of the economy.
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Don't waste your time or credit
- By Navillus82 on 05-07-23
By: Brendan Ballou
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These Are the Plunderers
- How Private Equity Runs—and Wrecks—America
- By: Gretchen Morgenson, Joshua Rosner
- Narrated by: John Bedford Lloyd
- Length: 11 hrs and 53 mins
- Unabridged
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These Are the Plunderers traces the thirty-year history of corporate takeovers in America and private equity’s increasing dominance. Morgenson and Rosner investigate some of the biggest names in private equity, exposing how they buy companies, load them with debt, and then bleed them of assets and profits. All while prosecutors and regulators stand idly by.
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Lacks credibility and fact checking
- By Sam Smith on 05-25-23
By: Gretchen Morgenson, and others
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The Baron of Wall Street
- Clarence Dillon and the Making of the Modern Financial World
- By: William R. Loomis
- Length: 12 hrs
- Unabridged
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This first-ever inside look at Dillon and his life will fill a void in how we view the wild excesses of the Roaring Twenties, and how we understand the increasingly complex nexus between Wall Street and political power in our own time. The Baron of Wall Street is a vivid, novelistic account of Wall Street’s most formative years and its transformation through one dynamic and influential player in the financial world, highlighting his significant role in shaping US foreign policy today.
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Life in the Pitlane
- By: Calum Nicholas
- Narrated by: Calum Nicholas
- Length: 6 hrs and 32 mins
- Unabridged
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Replete with all the high-octane tales and behind the scenes details you'd expect from a life lived next to the fast lane, Life in the Pitlane will detail the realities of life off the track; the good and the bad, with a particular spotlight on diversity and inclusion within the sport, and all the entertaining stories and behind the scenes details fans of F1 will be looking for. Life in the Pitlane brings a brand-new perspective to the sport.
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Amazing story
- By Amazon Customer on 04-09-25
By: Calum Nicholas
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How to Invest
- By: David M. Rubenstein
- Narrated by: David M. Rubenstein, Ray Dalio, Marc Andreessen, and others
- Length: 17 hrs and 13 mins
- Unabridged
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What do the most successful investors have in common? David M. Rubenstein, cofounder of one of the world’s largest investment firms, has spent years interviewing the greatest investors in the world to discover the time-tested principles, hard-earned wisdom, and indispensable tools that guide their practice. Rubenstein, who has spent more than three decades in the hypercompetitive world of private equity, now distills everything he’s learned about the art and craft of investing, from venture capital, real estate, private equity, hedge funds, to crypto, endowments, SPACs, ESG, and more.
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Only get the audio book
- By Joe on 09-26-22
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Why Nothing Works
- Who Killed Progress—and How to Bring It Back
- By: Marc J. Dunkelman
- Narrated by: David de Vries
- Length: 13 hrs and 31 mins
- Unabridged
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America was once a country that did big things—we built the world’s greatest rail network, a vast electrical grid, interstate highways, abundant housing, the Social Security system, the Tennessee Valley Authority, and more. But today, even while facing a host of pressing challenges—a housing shortage, a climate crisis, a dilapidated infrastructure—we feel stuck, unable to move the needle. Why?
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Sort of boring
- By Paul on 03-03-25