On outsourcing worries

 From Bloomberg:

When KKR bought Novi, Michigan-based ITC in 2003, it offered [Joseph] Welch a chance to run it — provided he put about $1.5 million into it. Welch ended up emptying his savings account, mortgaging his house and taking out a loan.

KKR didn’t want to have trouble sleeping at night,” Welch, 58, says. “They did that by making sure I had trouble sleeping at night.

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