In this article from the Economist, Dominique Senequier, head of Axa Private Equity talks about the need for the industry to include all of a companies’ employees in the share of capital gained when a firm exits. Rather controversially, she’s gone as far as to suggest an amendment to France’s labour code to oblige private-equity firms to distribute 5% of the capital gains from firms they sell among all the employees. It’s been rightly pointed out though that this could create all sorts of legal problems with LPs. Makes for a good, quick read.
Dominique Senequier Tells Economist ‘Private Equity Should Be More Generous’