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From activism to equity, that is the progression.
The equity that otherwise would have gone to investors went to employees.
They will be turned into capital — equity that can be leveraged.
The political argument concerns the equity that ought to be a feature of tax policy.
The others' is pure sweat equity that goes nowhere but down the necks of the participants.
For private equity, that included political attention and efforts to tax the industry more heavily.
Shareholders have already lost much of the equity that would disappear in a bankruptcy case.
It's not greater wealth but greater equity that will make us all feel richer.
To the extent that the company issues debt to buy equity, that might indeed boost earnings per share.
None is consistently near the 10-12% return on equity that would be attractive to private investors (see chart).
The IMF has just had a stab at estimating the size of the new equity that is needed.
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CEO of Professional Science Editing for Scientists @ prosciediting.com