Private-equity firms don’t have to wait for IPOs to cash in on their portfolio companies. They can simply direct those companies to pay them big dividends using borrowed money.

by SpontaneousDisorder   Got the title from this tweet And if you’re paywalled…………… The emergence of racier high-yield bond deals in Europe may be pointing to a market that’s reaching … Read more

Apple whistleblower: “When grading Siri recordings, we constantly hear private medical conversations, drug deals and people having sex. The person’s name is always attached.”

Apple contractors regularly hear confidential medical information, drug deals, and recordings of couples having sex, as part of their job providing quality control, or “grading”, the company’s Siri voice assistant, the … Read more