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But fewer characters like Sherman McCoy, who once made it their business to learn as much about celebrated furniture makers as they did leveraged buy-outs, would give the piece a serious look.
Bain often did leveraged buyouts.
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Though he was an advocate of a balanced budget in the Reagan Administration, he later became a leveraged-buyout specialist, and you can't do leveraged buyouts without, well, leverage: the industry depends on cheap debt for its profits.
Shearson, for instance, had recently amassed a $1.5 billion war chest with which to do leveraged buyouts.
But others say that private-equity firms that do leveraged buyouts on average bring benefits.
With the bulk of its income derived from doing leveraged buyouts, it should come as no surprise that it's struggling.
"If what they are doing are leveraged buyouts, then certainly I do not do leveraged buyouts".
Bonderman is doing leveraged buyouts of tech companies.
Though he has been doing leveraged buyouts for over two decades, and doing them successfully, he was just another dealmaker up there in Boston.
Structured finance, which employs such vehicles as collateralized debt obligations (securities backed by a pool of bonds) and collateralized loan obligations (banks' commercial loans), has allocated risk very efficiently and rewarded risk-takers such as partnerships doing leveraged buyouts.
The son of Nicholas (who came to the U.S. from Kiev) and armed with a law degree from Harvard, "A.N. was doing leveraged buyouts in the 1930s before anybody had even heard of such a thing," says a onetime family employee.
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