Commentary: Wall Street predators destroyed Toys ‘R’ Us. Now they’re coming for Simon & Schuster
by Aliya Sabharwal, Los Angeles Times
Aug 15, 2023
3 minutes
The venerable publishing house Simon & Schuster will soon be owned by one of the nation’s biggest private equity firms, KKR. For a glimpse of their future — and tips on how to fight back — Simon & Schuster authors and employees might want to chat with the former workers of Toys ‘R’ Us. There are 33,000 of them, and their company was driven into bankruptcy five years ago by a clutch of Wall Street firms led by KKR.
That’s a common script. Private equity is
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