Brendan Ballou
CEO and Founder, Public Integrity Project. On 1 show, 1 appearance. The Shows tab opens the full record on each.
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Brendan Ballou is a former federal prosecutor who served as Special Counsel for Private Equity at the U.S. Department of Justice Antitrust Division and currently heads the Public Integrity Project. He is the author of Plunder: Private Equity's Plan to Pillage America, which examines regulatory oversight of private equity.
1shows
1appearances
11statements
7resolved
7supported
0contradicted
100%fully supported
Everything Brendan Ballou said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Ballou: Legal rules shift private equity incentives away from workers and customers
“Lawyers like me have created a series of rules and regulations that have changed the incentives for investors that often works for the private equity firms, but may not necessarily work for workers, for customers, even for other investors.”
Ballou: Carlyle Escaped ManorCare Wrongful Death Suit Through Fund Shell Structure
“When the family of that resident sued for wrongful death, Carlisle was able to get the case against it dismissed, saying that it was not the technical owner of the nursing home chain, but rather merely advised a series of funds whose limited partners through s…”
Ballou: Blackstone recouped Apria Healthcare DOJ settlement costs via dividend recaps
“One of the examples that I was looking at was Blackstone's acquisition of Apria Healthcare, which ultimately had to enter into a deferred prosecution agreement with the Justice Department because of allegedly selling medical devices that were never actually us…”
Ballou: PE-Owned Companies Are 10x More Likely to Go Bankrupt
“That also is borne out at least in some of the sort of quantitative studies, suggesting, for instance, that private equity-owned portfolio companies are 10 times as likely to go bankrupt as non-private equity-owned peers.”
Ballou: Sun Capital Used Section 363 Sale to Offload Friendly's Pensions
“When Sun Capital bought Friendly's, the diner chain in the Northeast, they did a lot of the tactics that we were talking about, push the company into bankruptcy, but they were not just the largest equity owner in the company, they're also the largest lender. A…”
Ballou: Private equity is the latest flawed 20-year financial model cycle
“We lawyers have this incredible ability to invent a flawed business model every 20 years. Right now, I would argue that it's in large part private equity. 20 years ago, it would have been subprime lenders. 40 years ago, it would have been SNLs. 60 years ago, i…”
Ballou: PE insurance failures leave state guaranty funds holding the bag
“The challenge that we've got is if these insurance companies fail, the responsibility for paying the continuing obligations will essentially default to the state guarantee corporations in which the insurance companies are incorporated. So if you have an Iowa i…”
Ballou: PE Firms Are Typically Insulated from Portfolio Company Liabilities
“And then the third, and this is the part that interests me the most as a lawyer, is that private equity firms Typically are able to insulate themselves from liability. So if something goes wrong at a portfolio company, the private equity firm is rarely held le…”
Ballou: Without corporate veil reform, short-term thinking will increase
“So I think if we don't change that piercing the corporate veil issue, which it's not a question of capitalism or non-capitalism, it's really a question of in the weeds, how do we design our business system? I think we're going to have increasingly short-term t…”
Ballou: PE lobbying stalled and weakened surprise medical billing reform
“There's also a thousand smaller stories, for instance, lobbying around surprise medical billing, which was really crucial to some of the business models of the few private equity portfolio companies. They were successful installing legislation for a number of …”
One line per show, most statements first. The link opens Brendan's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 CAPITAL ALLOCATORSLEDGER | CEO and Founder, Public Integrity Project | 1 | 11 | 100% 7/7 | full record on Capital Allocators → |