Find more information on the issues deeply affected by private equity investments:
On April 23, New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund, announced the fund’s adoption of a Responsible Workforce Management Policy and Principles for its…
Today, the Private Equity Stakeholder Project (PESP), a nonprofit watchdog of the private equity industry and Wall Street, launches the Private Equity State Risk Index, a groundbreaking tool aimed at assessing the impacts of private equity (PE)…
More than a year after a U.S. Department of Labor (DOL) investigation exposed child labor at Blackstone’s Packers Sanitation (PSSI), injuries continue at PSSI worksites, and the company has fought OSHA oversight with legal maneuvering, including making efforts…
For over a year, Instar-owned Windmill Farms has made headlines over troubling accusations of labor rights violations at the Washington-based mushroom farm. While management has stated that workers do not need a union, investors should be concerned about…
A recent video by More Perfect Union analyzes private equity firm Roark Capital’s low-wage fast food empire and how it impacts the approximately 1.4 million people working at their portfolio companies. Companies owned by Roark…
Following the announcement that private equity giant Blackstone plans to acquire Tricon Residential, Private Equity Stakeholder Project (PESP) and partners UNITE HERE Local 11, AFSCME Local 3299, and the Alliance of…
Group calls it a win for consumers and workers; Albertsons owner Cerberus recently received a failing grade in first-ever labor scorecard Statement by Justin Flores, Labor-Jobs Director at the Private Equity Stakeholder Project (PESP),…
A year ago, in February 2023, Blackstone-owned Packers Sanitation paid $1.5 million in civil money penalties after the U.S. Department of Labor’s (DOL’s) Wage and Hour Division found the company employed at least 102 children – some…
A recent New York Times article analyzed the rise of Ownership Works, an employee-ownership model that purports to “share the wealth” with employees of portfolio companies owned by private equity firms. …
Since July 2023, PESP has been keeping track of union-busting tactics and alleged unfair labor practices occurring at the Brookfield-owned Westinghouse plant in Hopkins, South Carolina. The company’s efforts have already been the…
Citing Blackstone’s history of raising rents and evicting tenants, advocates implore pension funds to stop the firm from acquiring SFR company Tricon Residential Ahead of today’s meeting of the Los Angeles County Employees Retirement Association (LACERA), the…
A recent Hawaii Business Magazine story followed the notable increase of private equity influence in Hawaii’s hotels. Hawaii Business Magazine December 18, 2023: Private Equity Owns a Big Chunk of Hawai‘i’s Hotels. Here’s Why That Matters. Private equity…
