Exploring the ruins of a Toys R Us, discovering a trove of sensitive employee data

When the private equity raiders who took over Toys R Us, saddled it up with debt, extracted $200,000,000 and then crashed it, they took the employee severance fund with them, but that wasn't the final indignity the titans of finance inflicted on the workforce before turning them out on the unemployment line. Read the rest

Private equity bosses took $200m out of Toys R Us and crashed the company, lifetime employees got $0 in severance

Private equity's favorite shell game is to take over profitable businesses, sell off their assets, con banks into loaning them hundreds of millions of dollars, cash out in the form of bonuses and dividends, then let the businesses fail and default on their debts. Read the rest

Private equity killed big box retailers, leaving empty big boxes across America, and architects have plans

The traditional explanation for the retail apocalypse is that Walmart and Amazon killed malls and big-box stores, but that account is incomplete -- the real story includes massive asset-stripping by debt-financed private equity vultures who paid themselves lavishly to run beloved businesses into the ground. Read the rest

Guillotine watch: The executives who bankrupted Toys R Us this year want $16M-$32M in bonuses for their performance

Toys R Us was taken over in a debt-loading act of financial engineering in 2005; over the years, despite turning a profit, the service on that debt dragged Toys R Us lower and lower until the management team picked by the financial engineers finally bankrupted the company. Read the rest