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Financial journalist Gretchen Morgenson explains how private equity firms buy out companies, then lay off employees and cut costs in order to expand profits. Her new book is These are the Plunderers. NOTE: Captions are auto-generated by YouTube. “FRESH AIR” from WHYY, the Peabody Award-winning weekday magazine of contemporary arts and issues, is one of public radio's most popular programs. Hosted by Terry Gross, the show features intimate conversations with today's biggest luminaries. LISTEN TO DAILY EPISODES OF FRESH AIR https://www.npr.org/podcasts/38144490... LISTEN TO OTHER FRESH AIR INTERVIEWS ON YOUTUBE (published once a week) • Fresh Air SUBSCRIBE TO FRESH AIR+ FOR BONUS EPISODES https://plus.npr.org/freshair FOLLOW “FRESH AIR” / freshairwithterrygross / nprfreshair https://whyy.org/freshair (Newsletter) LISTEN TO OTHER NPR PODCASTS ON YOUTUBE Code Switch: / @nprcodeswitch Throughline: / @nprthroughline It’s Been a Minute: / @npritsbeenaminute Book of the Day: / @nprbookoftheday SUBSCRIBE TO WHYY AND NPR WHYY: / @whyyphiladelphia NPR: / @npr NPR Music (Tiny Desk): / @nprmusic Jazz Night in America: / @jazznightinamerica NOTE: Captions are auto-generated by YouTube. See “Fresh Air” sponsors and promo codes https://www.nationalpublicmedia.com/p... The NPR shows you love are possible thanks to your support. Donate today: https://www.npr.org/donations/support