Gillian Tett
speaker
1,226 appearances
12 recordings
1 series
first heard May 2026
last heard 2 Sep
Gillian Tett’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.
Appearances
And so, unsurprisingly, contrary to what Williams.
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Boom in copycat LBOs.
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And that didn't just lead to specific deals, it began to change the wider business culture on Wall Street.
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It paved the way for the explosion in private equity we're living with today.
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Also, of course, it sparked a lot of controversy.
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So we'll be coming back to that after the break.
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No surprise there.
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But
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This deal isn't the only reason why the LBO industry is about to explode.
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It just so happens that the excitement about a two hundred times return was colliding with some other big bigger structural factors that influenced how people regarded it as well.
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Hetty explain to us why the bigger political economy context mattered so much.
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So in many ways it was a kind of insurgency, um, a use of asymmetric power to use a term that's very popular today, um, and took a lot of people by surprise.
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And it's worth pointing out, as you said, that William Simons was driven by not just a desire to make money, but also this quite evangelical desire to proclaim the value of f free markets right across America.
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But even back then there was starting to be controversy and
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As the LBO market boomed, um, back in December the 5th, 1985, the FT published an article that was entitled How Mr.
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Simon Opened the Floodgates.
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And it talks about how the Gibson Greeting deal took Wall Street by storm.
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It mentions a stat.
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The number of LBOs jumped from 164 in 1982 to 250 in the two.
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in just two years in nineteen eighty four.
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Showing 681–700 of 1,226 · page 35 of 62
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