Buyout Mania

摘要

Hanns ostmeier was stunned to pick up a popular German newspaper one recent Sunday and find a photo of himself along with several colleagues in a mock WANTED poster. Ostmeier's offense: he runs the German operations for the Blackstone Group, the big U.S. buyout firm. Blackstone isn't exactly a household name in Germany. But this spring, a top German politician named Franz Muentefering likened Blackstone and other private-equity groups to "swarms of locusts" that fall on companies and devour all they can before moving on. "Some financial investors don't waste any thoughts on the people whose jobs they destroy" said Miintefering, who is chairman of Chancellor Gerhard Schroder's Social Democratic Party (spd) and who promised to fight against what he called this "anonymous, faceless" form of capitalism.