Find more information on the issues deeply affected by private equity investments:
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…
“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…
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…
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…
Next week, private equity and real estate giant The Blackstone Group will hold its Global Real Estate LP Conference and Global Private Equity LP Conference at the luxurious The Boca Raton resort in Boca Raton, Florida. The resort…
PESP contributed to a CBS 60 Minutes segment on Blackstone’s child labor at its meatpacking plants. CBS 60 Minutes, May 7, 2023: From stakeouts to warrants: How federal investigators found more than 100 children cleaning slaughterhouses…
Private Equity Stakeholder Project and United for Respect launched its labor rights platform this week on International Workers’ Day. Knowing that the private equity industry must correct its course and improve its treatment of workers, PESP and members…
The report “Blackstone Comes to Collect: How America’s Largest Landlord and Wall Street’s Highest Paid CEO Are Jacking Up Rents and Ramping Up Evictions” released by The Private Equity Stakeholder Project (PESP) and Alliance of Californians for Community Empowerment…
Vice covered PESP and ACCE’s report, BLACKSTONE COMES TO COLLECT: How America’s Largest Landlord and Wall Street’s Highest Paid CEO Are Jacking Up Rents and Ramping Up Evictions. THe report described how Blackstone, the country’s largest landlord, resumed evictions…
