Explore the issues
Find more information on the issues deeply affected by private equity investments:
October 21 Webinar: Workers Challenging Private Equity to Create Good Jobs
The Private Equity Stakeholder Project and the Cornell ILR Worker Institute invite you to an online forum on Thursday, October 21 from 1-2:30 p.m. ET. At this online forum you will hear from workers employed by private equity-owned…
Labor Day 2021: With More Than 11 Million U.S. Employees, Private Equity Must Take Responsibility for Its Workforce
Private equity firms have often taken a low road approach and sought to reduce wages, benefits, and staffing at firms they acquire – with devastating consequences to thousands of workers, their families and their entire communities. The private equity industry…
Employees of Private Equity-Owned Freddy’s Walk Off the Job for the Third Time to Demand COVID Safety
Workers at Freddy’s Frozen Custard and Steakburgers— a Kansas-based franchisor of fast-casual restaurants with stores in more than 30 states — struck for the third time in the past year over COVID safety concerns. Private equity firm Thompson Street…
Following Recent Acquisitions, Private Equity Firm Apollo Ranks Among Largest US Employers
In the last year and a half, Apollo Global Management has almost doubled the total number of employees at companies it owns, growing from about 290,000 employees to over 550,000. In May 2020, Apollo was the lead investor in a…
Cheesecake Factory Workers Bring Message about Roark Capital to Investor
“We are asking for Cheesecake factory to invest in us – before you invest in them” The private equity firm Roark Capital was able to make a $257 million profit (from April 2020 to July 2021) from their partial ownership…
Report: Roark Capital’s Booming Wage Theft Risk
The Private Equity Stakeholder Project has published a report documenting rampant wage theft at fast food companies owned by Atlanta-based private equity firm Roark Capital Partners, such as Dunkin’ Donuts, Jimmy John’s, Sonic Drive-Ins, and others. Roark Capital specializes…
The Guardian: After Opengate Capital acquired Hufcor, a Wisconsin company that ‘treated people like they were family’, it announced plans to move 166 jobs to Mexico
The Guardian exposed how things deteriorated soon after OpenGate Capital acquired Hufcor, a family-owned company founded in Janesville 120 years ago. Workers told reporter Steve Greenhouse, “They basically told us ‘We don’t want to get to know you.’” In late…
PESP and AFR Report, July 2021: OpenGate Capital: Vulture Capitalism in Action
OpenGate Capital is a Los Angeles-based private equity firm with $1.1 billion in assets. In a span of less than four years, OpenGate Capital ran at least five companies out of business, putting more than 1,300 U.S. workers out of…
