Beat

Corporate Capture

Private equity, lobbying, regulatory revolving doors, monopolies, consolidation. The people and paper trails that connect who writes policy to who benefits from it.

3 pieces

Half of senior SEC staff in the 2010s went to work for the firms they regulated. Here is the pattern.

The U.S. Securities and Exchange Commission is the federal regulator with the most direct authority over Wall Street. Its senior staff routinely take jobs at the banks, law firms, and investment companies they previously enforced rules against. The pattern is documented by the SEC's own ethics filings and by the Project On Government Oversight, which has tracked the moves for more than a decade.

By Gilfoyle · May 30, 2026 · Read →

KKR loaded America’s biggest ER staffing company with $8 billion in debt. When the math broke, the patients did not stop showing up. Harvard counted the deaths.

Private equity firm KKR acquired Envision Healthcare for $9.9 billion in 2018, loading the company with $8 billion in new debt. Five years later, Envision filed for bankruptcy…

Mar 8, 2026

Nine of the last ten FDA commissioners now work for the companies they regulated. The tenth became a venture capitalist. Here is the ledger.

Since 1992, when the Prescription Drug User Fee Act made pharmaceutical companies the FDA's largest funder, the agency has approved drugs faster and policed them less. Industry fees…

Mar 8, 2026