Keen On

It all began in 2019 at DeadSpin where Megan Greenwell was editor-in-chief. She had her dream job at the sports publication she'd always loved, leading a profitable digital media company with a devoted readership. Then the curse of private equity arrived. Within three months, everything collapsed. As Greenwell argues in her new book, Bad Company, she was pushed out, her entire staff followed, and the site was eventually sold to a Maltese gambling operation. What should have been a routine business acquisition became a personal awakening. Greenwell realized she'd witnessed something much larger than corporate mismanagement—she'd seen how private equity is producing avampire economy sucking the blood out of the American Dream. five takeaways1. Private Equity Violates Free Market Principles Greenwell argues that PE actually corrupts capitalism rather than representing it—citing Milton Friedman's own exceptions for public services like healthcare and education, which are now PE's bi