管理层收购作为国资管理体制改革的一种重要方式以及企业比较热衷的股权运作技术，在近年来的实践操作中有许多不规范之处。
As an hot operating technology of stock equity in Chinese enterprises, management buy-out (MBO) has many deficiencies in practical operation in recent years.
如果公司运作良好，他们就会用现金买回股权给予股东，并给基金一份利润。
If the firms do well, they buy back the equity in cash, which goes to the shareholders, with a cut for the fund.
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