One consequence of the credit crisis shutting off the debt financing LBOs used to make acquisitions is that private-equity executives increasingly find themselves feuding over power, money, and strategy. Bloomberg provides details of the ouster of Dominique Megret, former CEO of PAI Partners, France's biggest private-equity firm.
Lionel Zinsou and others partners delivered an ultimatum to Megret: they wanted more say in running the firm or they would resign from the investment committee.
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