Free Republic

<p>Thomas Lee, inventor of the LBO shoots himself in his office. For a lot of people who used to work for good companies bankrupted by Lee, there is at least poetic justice.</p><p>Thief and a coward. Well, bye.</p><p>"Lee is credited with being one of the first financiers to purchase companies with money borrowed against the business being bought — what is now called a leveraged buyout."</p>