Comments by "michael" (@michaeld4861) on "What REALLY Killed Red Lobster" video.

  1. The answer is not complicated. It's very simple. Private Equity. They bought Red Lobster, took out a ton of debt to pay themselves lavishly, sold off all the restaurants actual buildings to then rent back at exorbitant prices and then offloaded it when they were done milking it dry to some smuck that didn't realized he was getting an absolutely terrible deal.
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  2. Yeah, buying a company with it's own money should be illegal. It's what Elon did with Twitter too. And then they sell it or retake the company public when they need more money. But sadly this is actually super common. It's not just these two companies, this has happened thousands of times.
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