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Safeway seems to be run pretty well, after being taken private by PE in the 80s. Warren Buffet runs Berkshire Hathaway which is acts as a PE firm. Here's a lis
by emmett 3y ago
Safeway seems to be run pretty well, after being taken private by PE in the 80s.
Warren Buffet runs Berkshire Hathaway which is acts as a PE firm. Here's a list of everything they own and have owned for decades: https://finmasters.com/berkshire-hathaway-subsidiaries/#consumer-products https://finmasters.com/berkshire-hathaway-subsidiaries/#cons...
There are plenty of other examples.
PE is just "ownership not through the public stock markets" which is like...the default, actually.
- lotsofpulp 3y agoSafeway lost a ton of money getting tangled up with Theranos 10 years ago, and the following year was bought by Cerberus (then owner of Albertsons). http://www.wsj.com/articles/safeway-theranos-split-after-350-million-deal-fizzles-1447205796 http://www.wsj.com/articles/safeway-theranos-split-after-350... Albertsons (including Safeway) was IPO’d in Jun 2020, and now is set to be bought by Kroger.
- genter 3y agoSafeway might be OK for shoppers, but it's terrible for the workers. My Grandma worked there from 1965 to 1985, and watched the decline in the 80s. It was a really good paying job with a good union and good benefits when she started. My brother and cousin worked there a decade ago. Today, the union is a joke, and the hours and pay are the same as any other minimum wage job.
- qwytw 3y agoBerkshire Hathaway is a public company and IIRC Buffet only owns about 15% of it. So it really that different from a large corporation with many subsidiaries which also runs an actively managed investment fund at the same time?