Source: Racket News
by Eric Salzman
“In the classic 1973 movie The Sting, con men extraordinaire played by Paul Newman and Robert Redford hatch a plan to take down a fearsome mob boss played by Robert Shaw in a high-stakes poker game. The cons first pickpocket Shaw, stealing his billfold and then, using Shaw’s own money, outcheat him at cards to take him to the cleaners. The stakes are a lot higher with Private Equity (PE). While Redford and Newman ripped off a mob boss, PE firms take over companies that provide important services — healthcare facilities and nursing homes, for example — and manufacturers that employ thousands.” (03/26/25)
https://www.racket.news/p/private-equitys-version-of-the-sting