I have been sitting on this article from the New Yorker for some time (since January 2012), but am increasingly receiving inquiries from clients frustrated with the role of private equity in their businesses. The reasonable expectations of a private equity firm holding shares in a business can be very different from that of other shareholders. Understanding the reasonable expectations of different classes of shareholders allows for better planning and business decision-making, and minimizes risk of shareholder claims (oppression etc.).
Interesting read.
Case in Point 