Back in the 1980s leveraged buyouts were a common event. Financiers like T. Boone Pickens would borrow money, buy a controlling interest in a publicly traded stock and then re-engineer the company, for example, by selling it off in pieces.
This activity seems to be a thing of the past. I assume some law was passed to prevent leveraged buyouts. What was the cause of the demise of leveraged buyouts?