Is the PE industry any more ethical than the universal banks?
Ever since Mitt Romney failed to make the economic case for private equity during the last presidential campaign, PE’s public image has been battered even further.
Or should we just live with it?
Bribery is so pervasive throughout the world today that at least one pundit thinks outlawing it only disadvantages those who play by the rules.
Wal-Mart and Morgan Stanley are the most recent cases in point.