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Of private equity, research, and drug development

d pension funds risk their capital?) but private equity (and by extension activist hedge funds) exact their value through mechanisms such as management changes, business process improvements, new market developments, etc. This adds value but it is not innovation in any substantial sense.

Well, one might answer: innovation is the job of universities and venture capital, and indeed that is......

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Source:wistechnology.com By Ogan Gurel 04/03/07


Page: 1 2 3 4 5

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