or purposes of this book the term private equity refers to the common stock of a corporation where that common stock is held by a relatively few investors and is not traded on any of the conventional stock markets. Normally the senior managers of the firm hold a significant percentage of the firm's stock, and we will assume that is the situation in all the cases discussed in this book. F | Transforming Public Stock to Create Value HAROLD BIERMAN Jr. equity Transforming Public Stock to Create Value HAROLD BIERMAN JR. John Wiley Sons .