Wednesday, January 18, 2012

History of Corporations and Private Equity

An article in today's WSJ emphasizes that although private equity firms are recent creations, the work of private equity firms is "as old as capitalism itself".  The first private equity firms may have been created as recently as 1946, depending on your definition.

WSJ (1-18-2012) A Short (Sometimes Profitable) History of Private Equity by John Steele Gordon

For a primer on the history of corporations watch the following video (15 minutes - very well done):

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