CPD In The News
The report was researched and written by Jim Baker (Private Equity Stakeholder Project), Maggie Corser (Center for Popular Democracy), and Eli Vitulli (Center for Popular Democracy).
Wall Street is destroying retail jobs, according to a new study from the Center for Popular Democracy.
Dubbed "Pirate Equity: How Wall Street Firms are Pillaging American Retail," the report from the Center for Popular Democracy and the Private Equity Stakeholder Project provides an array of sobering numbers about the effects of PE-backed retail failures.
The Center for Popular Democracy, Americans for Financial Reform Education Fund, Strong Economy for All Coalition, United for Respect, Hedge Clippers and the Private Equity Stakeholders Project co-authored the report, which found that 1 million jobs remain at the 80 largest private equity-owned r
- Read more about New Study, Proposal From Elizabeth Warren Scrutinize Retail's Private Equity Problem
A new study shows that private equity firms have hastened the failure and liquidation of retail businesses. Host Scott Simon talks with its co-author, Maggie Corser.
According to Charles Khan of the not-for-profit Center For Popular Democracy and Hedge Clippers, "The Stop Wall Street Looting Act would create strong new rules for private equity and hedge funds centered on economic fairness and community needs, not billionaire greed.
Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy and other groups.
Similarly, research published by worker groups including the Private Equity Stakeholder Project and the Center for Popular Democracy claimed that, over the past ten years, private equity firms were directly and indirectly responsible for 1.3 million lost jobs.
Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy and other groups.
Bankruptcies, of course, also meant layoffs, including 33,000 at Toys R Us last summer and 16,000 at Payless this spring.
