He charts the devastating consequences of the transformation of this gang and others into high -
stakes, often violent corporate enterprises engaged in franchised dealing in crack cocaine — an entrepreneurial «black capitalism» that does not figure in conservative programs for urban renewal yet plays a
significant role in the
economic life of the inner city.
* Donoghue, Murphy and Buckley in 2002 founded Discovery Group, a fund manager and M&A advisory that takes
significant ownership
stakes (up to 20 %) in companies trading at a discount to «fundamental
economic value.»