Book Review: These Are the Plunderers: How Private Equity Runs—and Wrecks—America by Gretchen Morgenson and Joshua Rosner

“Gretchen Morgenson is a former stock broker who is now the senior financial reporter for the NBC News Investigations Unit. Her co-author, Joshua Rosner, is a Wall Street veteran and managing director at Graham Fisher & Co. Together, they have written another blockbuster on private equity, published in 2023 in the same year as Brendan Ballou’s Plunder. If you have time to read more than one book on the private equity industry, These Are the Plunderers is well worth your time. Well researched and written, it adds a wealth of excellent case studies, including several transactions by Apollo, a private equity firm started by Leon Black that grew out of the collapse of the junk bond group at Drexel Burnham when Michael Milken was indicted.”

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Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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