The Weekend Pitch: Private equity has taken its share of hits this year
The Weekend Pitch: Private equity has taken its share of hits this year
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...
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.
Read the full article here.
Private Equity Should Stop Profiting From Immigration Detention Centers And Private Prisons
Private Equity Should Stop Profiting From Immigration Detention Centers And Private Prisons
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...
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. Our communities are fed up with Wall Street destroying our jobs, caging children and families for profit, pillaging our neighborhoods, and corrupting our government. This bill will make a real difference for Black, Brown and White working people across the country."
Read the full article here.
New Study Examines The Role Of Private Equity In Dismantling Retail Businesses
New Study Examines The Role Of Private Equity In Dismantling Retail Businesses
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.
...
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.
Listen to the story and read the transcript here.
The workers bearing the brunt of retail’s struggles? Primarily women and people of color.
The workers bearing the brunt of retail’s struggles? Primarily women and people of color.
Bankruptcies, of course, also meant layoffs, including 33,000 at Toys R Us last summer and 16,000 at Payless this spring. And these layoffs, according to the report’s co-authors, a coalition of...
Bankruptcies, of course, also meant layoffs, including 33,000 at Toys R Us last summer and 16,000 at Payless this spring. And these layoffs, according to the report’s co-authors, a coalition of progressive nonprofit groups including United for Respect and the Center for Popular Democracy, have disproportionately affected women and people of color, who are more likely to work in the sectors most affected, including apparel and general merchandise.
Read the full article here.
Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs
Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million 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...
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. Add indirect job losses at retail suppliers like toymakers Mattel and Hasbro, and that’s another 728,000 jobs lost.
Read the full article here.
LBOs Make (More) Companies Go Bankrupt, Research Shows
LBOs Make (More) Companies Go Bankrupt, Research Shows
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...
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.
Read the full article here.
Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs
Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million 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...
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. Add indirect job losses at retail suppliers like toymakers Mattel and Hasbro, and that’s another 728,000 jobs lost.
Read the full article here.
Private equity owners have killed 600K retail jobs, report says
Private equity owners have killed 600K retail jobs, report says
Private equity-owned retailers have laid off nearly 600,000 workers over the past decade even as the industry as a whole added 1 million jobs, according to a new report from the Center for Popular...
Private equity-owned retailers have laid off nearly 600,000 workers over the past decade even as the industry as a whole added 1 million jobs, according to a new report from the Center for Popular Democracy, Private Equity Stakeholder Project and other groups.
Read the full article here.
American Gulags
“Let’s shame the corporate leaders standing by Trump by exposing the way they benefit from Trump,” says Ana Maria Archila, who, as co-executive director of the Center for Popular Democracy, is one...
“Let’s shame the corporate leaders standing by Trump by exposing the way they benefit from Trump,” says Ana Maria Archila, who, as co-executive director of the Center for Popular Democracy, is one of the campaign’s organizers.
Read the full article here.
The Finance 202: Trump, frustrated by Fed, could move to weaken the dollar
The Finance 202: Trump, frustrated by Fed, could move to weaken the dollar
Women and people of color have been disproportionately affected by the layoffs as debt-ridden retailers closed thousands of stores, according to the report by six progressive nonprofit...
Women and people of color have been disproportionately affected by the layoffs as debt-ridden retailers closed thousands of stores, according to the report by six progressive nonprofit organizations and workers’ advocacy groups, including Americans for Financial Reform and the Center for Popular Democracy.
Read the full article here.
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