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Partner John Crowe Appears on CNBC About Whether Buyouts Are Good For the Economy
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John Crowe, a partner in Pryor Cashman’s Corporate Group, appeared on CNBC's Morning Call on June 27, 2007. The topic for the program, hosted by CNBC’s Carl Quintanilla, was “Buyouts: Good For The Economy?”
During the segment, Crowe engaged in a debate with John Adler, SEIU Capital Stewardship Program private equity director, on the topic. Crowe argued that private equity buyouts were good for the economy as such deals have driven the economy and the market the last few years. He also stated that they provide an efficient way to improve underperforming companies which lead to healthier companies and, in the long-run, a stronger economy.