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The Stacks

Ep. 380 Private Equity Wins, The Community Loses Out with Megan Greenwell

The Stacks

Traci Thomas

Literature, Society & Culture, Books, Arts

4.81.8K Ratings

🗓️ 16 July 2025

⏱️ 74 minutes

🧾️ Download transcript

Summary

This week on the Stacks, journalist Megan Greenwell joins to discuss her debut book, Bad Company: Private Equity and the Death of the American Dream. She breaks down the ins and outs of private equity, how it works, why it harms communities, and if there is an ethical path for the industry.

The Stacks Book Club pick for July is God Help the Child by Toni Morrison. We will discuss next Wednesday, June 30th with Dana A. Williams.


You can find everything we discuss on today's show on The Stacks' website:

https://www.thestackspodcast.com/2025/7/16/ep-378-megan-greenwell


Connect with Megan: Instagram | Website

Connect with The Stacks: Instagram | Twitter | Shop | Patreon | Goodreads | Substack

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

New York is a big city, and finding the perfect hotel to stay in can be intimidating at best.

0:07.1

But friends, let me tell you about Kixby. Kixby is a luxury boutique hotel steps away from

0:13.5

quintessential New York City sites such as the Empire States Building, Times Square, Madison Square

0:18.7

Garden, and Penn Station. I just stayed there for a week

0:22.4

with the miniskacks and we had the best time. It is close to so many subway stops and so many

0:29.0

fun things to do with kids. But what makes this hotel really stand out is their brand new

0:34.5

loyalty program. It's called the Kixby Book Club. Yes, that's right,

0:38.3

a hotel with a book club program. Once a member, you can visit their lending library and check

0:43.1

out books during your stay. They even offer book club members exclusive perks such as discounts,

0:48.4

VIP gifts, and more. The best part is a portion of Kixby Book Club proceeds go straight to

0:53.3

the New York City Public Library. If you're interested in joining the program, portion of Kixby Book Club proceeds go straight to the New York City Public Library.

0:55.6

If you're interested in joining the program, visit the Kixby Hotel website at www.com

1:00.4

slash Kixby Book Club for more information.

1:04.2

That's K-I-X-B-Y.com slash Kixby Book Club.

1:09.5

I'm still learning all the time about industries that private equity

1:14.0

has growing influence in that, you know, I've been researching this for three years.

1:19.1

There are too many industries to keep up. And the reason retail is the first section of the book

1:25.7

is when you really start digging in, you can really see the ways retail is the first section of the book is when you really start digging in,

1:28.2

you can really see the ways in which the playbook for modern private equity deals get set in

1:35.1

retail and then applied to industries like hospitals as if those are the same thing, right?

1:42.0

Because it doesn't matter what they do. They're just replaceable widgets.

1:50.9

Welcome to the Stacks, a podcast about books and the people who read them. I'm your host, Tracy Thomas, and today I am joined by journalist and editor, Megan Greenwell. She is the author of a brand new book called Bad Company,

...

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