Josh Kosman (Author & Reporter, New York Post)

John Kosman provides an example of the negative side of private equity acquisitions. He shares the story of the mattress industry including the three biggest mattress companies which were bought out and loaded up with debt. According to Kosman, the private equity firms that acquired the mattress businesses began to cut quality such as producing no flip mattresses with half the shelf life of previous products so that they could make a larger profit.