Stephen Pagliuca

We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.

Bain also asked Kansas City for a $3 million tax break. The Bain executives were taking home $36 million in borrowed funds and were asking Kansas City to forfeit $3 million in public money for police officers, roads and schools? More free stuff!

The historical novelist has to consider what has actually happened, while the SF writer is dealing in possibilities, but they are both in the business of imagining a world unlike our own and yet connected to it.

Though builders may build, in the main they follow the plans of architects. Teachers teach, but they must have a text. Politicians govern, but only upon the flow of commentary that raises them up or casts them down.