Avi Lewis, head of the Canadian NDP party, has expressed support for employees laid off by EA last week, and spoke out about the perils of private equity.
It’s both. EA was always a parasitic company, but PE accelerated the extraction of value by saddling it with an unsustainable amount of debt. It’s a zombie company now.
It’s both. EA was always a parasitic company, but PE accelerated the extraction of value by saddling it with an unsustainable amount of debt. It’s a zombie company now.