Here at the Federal Reserve, we take dozens of interns a year. They’re mostly rich overachievers from Connecticut with little soul and a ton of guilt. So, you can imagine how unsurprised I was when one of those pipsqueaks sent me this video bashing private equity, titled “Henry Kravis makes $57,000 PER HOUR. You pay more taxes.”:
I made that intern assemble this table to take his mind off such metaphysical inquiries.
Now it seems everyone is a self-appointed YouTube firm critic. Dan Primack criticizes the firm for not addressing serious issues with private equity. Andrew Ross Sorkin reminds me of my intern and thinks it’s a noteworthy story. Bess Levin just wants to be Henry Kravis. Good for Bess. I’m no Randian Greenspan, but those teachers need to work harder if they want to earn $450 million a year. To the language teacher in the video, I suggest she move to another country and teach English — it’ll be easier to earn the equivalent of $57,000 US dollars per hour in another currency.







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