Detailed text transcripts for TV channel - MSNBC - 20120107:13:07:00
They do improve efficiency. there's also the argument the private equity guys will tell you they revolutionized management across the land because mitt romney came in and taught people about how to look at a cost curve and project cash flow and do all sorts of analysis that had been cordoned away in the ivy league -- this is a huge knowledge transfer into the boardrooms of america. if that was the case, why -- why don't these deals work out? incentives misaligned? intentions of people running the private equity firms? what's the problem? >> i think the main problem is when you buy a company an...