Monday, July 9, 2007

KKR managers vs public company managers

Managers at public companies can muddle along, even prosper, simply by not rocking the boat. That does not work at KKR companies. "You do not have the luxury of managing issues at margin," says Chu, a founder of xxxx. "If the market changes, you change the strategy. If the CEO does not work out a year into the deal, you never shy away from the tough questions. You change the CEO. ...Even so, when KKR pulls the levers, someone ususally gets ground up in the gears (meaning lay off)

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