Just another example of the rich getting richer.
Because of Sarabanes, the regulatory environment for all business has made it much easier to do business as a private entity...
So now a very profitable company will be owned by a few rich people instead of a vast number of shareholders who purchased their stake in an open market.
Private equity is here to stay...Oh, they might sell off and again make public some parts of the business...But that will only be the less profitable parts, and they will be pumped and dumped in overpriced IPO's that will leave the small shareholders holding the bag.
At least that's my 2 cents on the subject.