Virgin sacrifice: boardroom bloodletting signals a classic private-equity hijacking
- Written by The Conversation
Richard Wainwright/AAPUS private equity firm Bain Capital won’t formally assume control of Virgin Australia until November. But its coup this week against chief executive Paul Scurrah, dumping him for Jayne Hrdlicka, a former Bain employee with a reputation for toughness, signals the start of a classic private equity smash-and-grab operation....
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