Robin Wigglesworth
speaker
1,983 appearances
13 recordings
1 series
first heard May 2026
last heard 12 Aug
Robin Wigglesworth’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 13 in all, peaking in Jul 2026 with 5.
Appearances
He told our reporters at the time, and I'm gonna dig out the exact quote here: first, it bets the company on a combination of continued growth and lower debt rates, with no margin for error.
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Second, it substitutes debt for permanent capital.
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which is exactly the opposite of what our national investment objective ought to be.
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And that's a direct quote from Felix Rowatin.
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So, I mean, Hetty, I'd love to hear why you think this practice
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although it was embraced by people like Milk and and Simon, was so controversial in at least parts of Wall Street's old guard.
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Yeah.
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And obviously hi junk bonds also became high yield bonds, or as Mike Milken liked to call them high performance bonds, apparently.
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Yeah, I mean I know lots of uh quite libertarian hedge fund managers who think essentially the modern private equity industry is pretty much an accounting gimmick.
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And these are not people who think that g you know companies should not be you shouldn't be able to buy them and turn them around.
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They just think that as it actually functions today, modern private equity has become, yeah, a bloated conglomerate.
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In itself, essentially.
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Well, I mean, I I I think especially that point of uh that Hetty raise around debt, I think is fascinating.
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Just because uh the the the rhetoric, the the theory behind it was that debt was a disciplining tool.
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It kept companies lean and mean.
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I worry that really it's more of a systemic increase in corporate debt that makes entire corporate world that's everybody really more fragile in case of shocks.
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You know, the number of
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Triple A rated companies.
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We've talked about rating agencies, and they can get stuff wrong, but they actually get more stuff right than people think.
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And the number of of AAA companies has dropped some I think in the hundreds in the eighties.
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Showing 1221–1240 of 1,983 · page 62 of 100
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