"As more baby boomers retire and sell their companies to private equity [...] the confluence of private equity and the silver tsunami will create an even wider gap between communities that own and control their services and those that do not. Some communities — New York, Miami, San Francisco — will gain more ownership, more wealth and more power. Others, like Mackinac Island, are drained of control, upside and civic influence. For Americans to have a say in their economic futures, they must make protecting local ownership a national priority."
If boomers care about their community, they would sell it to the employees or locals, even if it's not as lucrative for them. If they sell to PE, we know where their priorities are.
From the article:
"As more baby boomers retire and sell their companies to private equity [...] the confluence of private equity and the silver tsunami will create an even wider gap between communities that own and control their services and those that do not. Some communities — New York, Miami, San Francisco — will gain more ownership, more wealth and more power. Others, like Mackinac Island, are drained of control, upside and civic influence. For Americans to have a say in their economic futures, they must make protecting local ownership a national priority."
If boomers care about their community, they would sell it to the employees or locals, even if it's not as lucrative for them. If they sell to PE, we know where their priorities are.