All about MBOs

摘要

In the city, we're all very proper and know that MBO stands for management buy-out. But I grew up with a ski on each foot and for many years - going back to the early 1970s -skied at a small resort preferred by those for whom the quality of the mountain was more important than the smartness of the nightclubs. That small village in Switzerland's Val de Bagne was Verbier. Verbier is now part of Hedge Fund Central where only the poor and unsuccessful drive Range Rovers, where there are more US$10,000-a-night chalets than you can shake a stick at and where French is near as dammit a foreign language. But it was there, while chasing hot and cold running chalet girls, that I first encountered the MBOs of the ski resort - muscle-bound oafs.