Private Equity Is Sitting on 33,575 Zombie Companies. You’re Probably Working for One.
Private equity firms are sitting on 33,575 unsold businesses — companies trapped in a valuation gap between what firms paid and what the market will pay. The buy-and-sell engine is jammed, and the consequences won’t hit Wall Street. They’ll hit pensions, retirement savings, and the millions of employees working for companies stuck in PE purgatory.