Find more information on the issues deeply affected by private equity investments:
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…
Some of private equity firm Blackstone’s largest investors have increased scrutiny of the private equity firm after Blackstone-owned slaughterhouse cleaning company Packers Sanitation Services (PSSI) in February paid a $1.5 million US Department of Labor (DOL) fine for “oppressive…
The Private Equity Stakeholder Project (PESP) and Alliance of Californians for Community Empowerment (ACCE) released a new report, “Blackstone Comes to Collect: How America’s Largest Landlord and Wall Street’s Highest Paid CEO Are Jacking Up Rents…
*Blackstone Tenants available for interview in English and in Spanish* As Homelessness Surges, New Report Shows Blackstone Eliminating Thousands of Affordable Housing Units with Rent Hikes: Blackstone Tenants Union to Host Town Hall with San Diego…
The Lever reported on how public officials have been using the retirement savings of unionized teachers, firefighters, and police officers to capitalize — and help Wall Street executives profit from — an outsourcing business that has used low-paid immigrants…
The Department of Labor (DOL) has recently launched investigations into at least two private equity-owned companies that have employed children in dangerous working conditions: Packers Sanitation Services (PSSI), owned by Blackstone, and Hearthside Food Solutions, owned by Charlesbank Capital and…
CNBC reported on how institutional investors “may control 40% of U.S. single-family rental homes by 2030” and how “a group of Washington, D.C., lawmakers say Wall Street needs to back away from the market.” CNBC, February 21, 2023: Wall…
In coalition with more than 20 other organizations, the Private Equity Stakeholder Project (PESP) and the Interfaith Center on Corporate Responsibility (ICCR) sent an investor letter to private equity firm Blackstone Friday, February…
Articles published by the Financial Times and Business Insider reported how “investment giant Blackstone has increased its eviction filings in the South and the West,” filing hundreds of eviction cases against its tenants in Georgia and Florida. Financial Times, January…
