Why does a fire truck cost $2m
These firefighters just wanted to save lives. Private equity had other ideas This past Valentine’s Day, a firefighter behind the wheel of an enormous ladder truck felt his brakes give out. He was driving in the heart of Chicago, on a busy city street, about to lose control of a truck that was supposed to help him save people’s lives. He looked around, panicked. The 25-year-old truck — and the nightmare — picked up speed. He had three choices: drive into traffic, hit a local grammar school, or