Among all others, the biggest change LBO brings to a public firm is that it puts a time stamp on the life of the company, which is otherwise presumed to exist in perpetuality.

• 在今天的中国，像尚德这种规模或更大的公司有数千个、甚至数万个，物质生活状况超过乾隆皇帝、道光皇帝的个人也不 少。