Find more information on the issues deeply affected by private equity investments:
The future of Walgreens, an iconic Chicago drugstore, looks grim The pharmacy and retail store now counts itself as one of thousands of portfolio companies owned by private equity, an industry renowned for its profits-first, people-last approach to business.
On December 4, the Massachusetts Pension Reserves Investment Management (MassPRIM) Board unanimously adopted[1] a Responsible Workforce Management Policy for private market investments. Given the pension fund’s strong proxy voting guidelines for public investments, PRIM staff…
The Private Equity Stakeholder Project (PESP) was founded in 2017 to address the growing impacts of private equity on people and the planet. We are a resource to the communities, individuals, and organizations grappling with these impacts. In the coming…
Why Walgreens’ New CEO Should Alarm Us The man who oversaw massive store closures and job cuts at Staples is now in charge of one of America’s most important companies. The following op-ed…
PE Files #002: Denny’s PESP’s PE Files take a look at how portfolio companies are impacted by the private equity playbook, from beloved businesses bankrupted to mass layoffs at formerly mom-and-pop operations. WHO: Diner chain Denny’s; private equity…
A series of recent high profile bankruptcies highlights the devastating effects the private equity model can have on workers, suppliers, communities, and investors. PESP’s regular reports and Private…
To download a PDF version of this report, click here. West Contra Costa Unified School District (WCCUSD), in the San Francisco Bay Area, has more than doubled its spending on outside vendors and contractors…
A new research brief from private equity watchdog group Private Equity Stakeholder Action (PESA) examines how outsourcing at one Bay Area school district has funneled millions of dollars in taxpayer money to private equity-owned special education…
Last week, Bloomberg reported that Walgreens had cut pay for its retail employees following the drugstore’s $18.8 billion buyout by private equity firm Sycamore Partners. As Walgreens’ new owners look to cut costs, hourly workers…
PESP has released updated research tracking the largest employers in the United States that are owned by private equity firms. This comprehensive research underscores the significant impact of private equity ownership on the American workforce…
Ahead of KKR quarterly results, report finds labor abuses and safety violations across $700 billion empire Despite public promises of “employee ownership,” KKR’s record shows recurring safety hazards, mass layoffs, and labor rights abuses. A new analysis…
KKR helped invent the leveraged buyout, and today, its model continues to extract value at the expense of workers, patients, and communities. Despite public commitments to employee ownership and responsible investment, KKR-owned companies have faced repeated labor violations,…
