Find more information on the issues deeply affected by private equity investments:
The Gavin Coal Plant (Gavin) is a 50-year-old 2,600 MW coal-fired power plant in Cheshire, OH,[1] originally developed and constructed by American Electric Power (AEP), an electric utility currently spanning 11 states[2]. Gavin is infamous for…
Workers at private equity firm The Blackstone Group‘s Fairfield and Aloft LAX/El Segundo and Sheraton Phoenix hotels walked off the job last Wednesday. The strike comes after a negotiation meeting last week in which a group of hotel…
PESP released its latest report: Private Equity Profits from Disaster. As climate change accelerates and impacts more communities around the world, the need for skilled labor in the disaster restoration industry grows. Increasingly,…
The Guardian covered our latest report: Private Equity Profits from Disaster. As climate change accelerates and impacts more communities around the world, the need for skilled…
“We all know it’s because of private equity firms, because of investors…” Rep. Rashida Tlaib (D-MI) PESP Submits Statement about Private Equity and Rising Housing Costs On July 14, a House Financial Services Subcommittee held a hearing seeking to pin…
Rent-to-own programs have emerged as a seemingly promising option for people who face financial constraints when trying to buy a home. However, a recent article published on Insider.com sheds light on the difficult experiences faced by tenants of…
Citing PESP’s work throughout the article, Tablet investigated how Blackstone optimizes profits in its real estate holdings through: “maximum allowable rent increases, evictions, the rise of…
After reaching an agreement protecting workers’ right to organize a union at Blackstone-owned PSSI with the United Food and Commercial Workers Union (UFCW), The Blackstone Group should use the lessons from one…
The United Food and Commercial Workers (UFCW) announced that in the last few weeks, hundreds of Packers Sanitation (PSSI) workers that clean meatpacking and food processing plants across the country have joined the UFCW. The union has reached an…
CalMatters reported how two years ago, “Blackstone bought 66 relatively low-rent apartment buildings in San Diego County from a charitable foundation. Tenants of those 5,800 dwellings say they see rent increases, maintenance issues and evictions in their futures.” CalMatters,…
Private equity giant Blackstone continues to face bad press due to a Department of Labor investigation that revealed widespread child labor at Packers Sanitation Services (PSSI), which the firm acquired in 2018. While Blackstone and PSSI frame child labor as…
There is a disturbing pattern in Blackstone-owned rental properties in Florida. In at least 33 cases over the last year at properties owned by Blackstone’s single family rental subsidiary Home Partners of America, Blackstone filed to evict the tenant and…
