The money men selling shoes:Over seven years, footwear chain Payless went through a wringer of private equity and hedge fund stewardship that left it with inadequate technology, run-down stores and no financial cushion to survive an era of upheaval in retail. Here’s what happens when private equity firms don’t actually deliver on the financially efficient promises they make.(The New York Times) “They’re incredibly valuable on the financial metrics of understanding how to get costs out of the business … but they do not, do not, know how to operate a retail company.”