Elizabeth Warren wants to force private equity executives to eat their own cooking.
Predictably, they aren’t thrilled.
The Democratic senator and candidate for president issued a proposal this week that would link the profits at private-equity firms to the success -- or failure -- of the companies they buy and sell. She also proposed limiting certain tax breaks.
“It is more of an industry-destroying proposal,” said Steve Biggar, an Argus Research Corp. analyst who covers Blackstone Group Inc., Apollo Global Management LLC and KKR & Co. “If firms like Blackstone and KKR can’t do this, in a free market someone ...